ASIC

Financial planning

ASIC challenged on mislabelling law-breakers as ‘financial advisers’

The Australian Securities and Investments Commission is going to have to explain why it chose to describe a man convicted of dishonest conduct as a ‘financial adviser’ wh...

Financial planning

ASIC confirms funding status of consumer submission to FASEA

The Australian Securities and Investments Commission has confirmed that it helped fund a consumer submission by two Griffith University academics to the Financial Adviser...

Policy & Regulation

ASIC’s Chester claims chair Shipton was 'opaque' on expenses

The Australian Securities and Investments Commission acting chair, Karen Chester has claimed the stood-aside chair, James Shipton, had been “opaque” in informing fellow c...

Policy & Regulation

ASIC and its leadership structure under Parliamentary scrutiny

A key Parliamentary Committee has flagged it will today be giving specific attention to the future structure of Australia’s financial services regulators in the aftermath...

SMSF

New move on limited advice licenses amid ASIC review

The SMSF Association has flagged its intention to use the current Australian Securities and Investments Commission review of advice affordability to redesign the limited ...

Policy & Regulation

Crypto rep charged by ASIC

Former cryptocurrency promoter, John Bigatton, has been charged with operating an unregistered managed investment scheme with the investigation aided by the FBI. ...

Financial planning

Adviser pleads guilty to misappropriating $2.9m

Financial adviser Ross Hopkins has pleaded guilty to misappropriating $2.9 million in client funds after an investigation by the corporate regulator....

Financial planning

BNPL sector under ASIC scrutiny over late fee revenue

Buy now, pay later providers have responded to a regulatory report from the Australian Securities and Investments Commission which warned of consumers forgoing essentials...

Financial planning

FASEA and ASIC face Parliamentary code of ethics scrutiny

Both the Australian Securities and Investments Commission and the Financial Adviser Standards and Ethics Authority face having to explain the circumstances behind a key s...

Features

2020 – a year of incidents and challenges

Amid the challenges of the COVID-19 pandemic, Australian financial advisers were also witness to significant changes, writes Mike Taylor, not least with respect to AMP an...

Policy & Regulation

ASIC reaches into super trying to couple DDO with member outcomes

Superannuation funds are being subjected to more scrutiny from the corporate regulator over how they deliver insurance inside super to members at the same time as the reg...

Policy & Regulation

ASIC uncertain whether KPMG’s Shipton tax advice covered options

The Australian Securities and Investments Commission has clarified that the regulator only paid for tax advice to its stood-aside chairman, James Shipton, but can’t say w...

Financial planning

Women still largely underrepresented among planners

Almost 80% of financial planners, who are registered under the Australian Securities and Investments Commission’s Financial Adviser Register, are men. ...

Superannuation

Industry fund declares clean hands on investment switching

Faced by suggestions of an investigation by the Australian Securities and Investments Commission, industry fund NGS Super has declared clean hands on investment switching...

Superannuation

ASIC investigates super fund trustee and executive COVID-19 investment switching

The Australian Securities and Investments Commission is investigating a range of investment switches undertaken by trustees and executives of major superannuation funds. ...