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ASIC
Financial planning
The corporate regulator has obtained interim orders and injunctions against Debts Knockout and Debts Wipeout, which claimed to “extinguish” consumer debt but failed to pa...
Financial planning
The corporate regulator’s review on life insurance advice will unlikely be followed by with enforcement action. ...
Financial planning
The Australian Securities and Investments Commission has given a Perth financial planning business 10 weeks to obtain professional indemnity insurance....
Financial planning
A month after being subject to Federal Court proceedings launched by the corporate regulator, the financial services group has announced it would re-brand to E&P Financia...
Financial planning
The COVID-19 pandemic could act as the catalyst for regulatory pragmatism aimed at lowering the cost of advice, according to the Financial Services Council....
Policy & Regulation
Ex-Synchron adviser Anthony Vivian Dick dishonestly used $1.1 million from his clients’ accounts which was spent on items including a $72,000 boat....
Superannuation
Poorly-performing superannuation funds need to be identified and weeded out before the Government embarks on stapling....
Financial planning
The bank has been ordered by the Federal Court of Australia to pay $10 million in penalties after charging customers same-name fees which it was not entitled to and conti...
Financial planning
The corporate watchdog allege that AR Wealth and Finance financial adviser Rahul Goel acted dishonestly in relation to hardship and other applications to super funds on b...
Features
Mike Taylor writes that with the few remaining grandfathered remuneration arrangements coming to an end, a different regime has already evolved with the ultimate cost bei...
Financial planning
The latest ASIC Financial Adviser Register has highlighted further losses of advisers, with current adviser roles dropping to below 21,500 while the numbers of planners w...
Financial planning
The corporate regulator has banned former BGC Securities broker David Moore from providing financial services after he breached a contractual agreement between BGC and a ...
Financial planning
The corporate regulator is extending temporary relief for financial advice and capital raisings due to the continuing uncertain impact of COVID-19....
Financial planning
The Association of Financial Advisers has welcomed ASIC’s no-action position for fee disclosure statement and opt-in obligations for Victoria’s located advice businesses....
Policy & Regulation
The corporate regulator has released its report on market practices in debt capital markets and outlined its expectations for Australian financial service licensees. ...
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MARKET INSIGHTS
Podcast
So we are now underwriting criminal scams?...
Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...
Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...