ASIC
Policy & Regulation
Mortgage brokers are going to have to abandon a one-size-fits-all approach with the Australian Securities and Investments Commission reinforcing that ‘know your client’ w...
Financial planning
ASIC has seen a 20% rise in the number of investment scam reports during the COVID-19 pandemic, compared the same timeframe last year....
Financial planning
An unlicensed company sought to convince the Australian Securities and Investments Commission that there was commercial advantage in it being allowed to have advisers con...
Superannuation
The median ‘operating expense’ for a self-managed super fund is $3,923, according to the Australian Taxation Office, far lower than the $13,900 quoted in a recent SMSF fa...
Financial planning
FASEA has confirmed the dates for the remaining 2020 exam sittings which will be held in August, October and November. ...
Funds management
The Government’s proposed changes to class action and litigation funding may see lawyers subject to some of the same obligations as financial advisers, according to the A...
Policy & Regulation
Informing consumers will sit at the heart of the Australian Securities and Investments Commission’s use of its new product intervention powers....
Financial planning
Adviser morale and advice business valuations are taking a hammering as uncertainty continues to surround extending the Financial Adviser Standards and Ethics Authority e...
Financial planning
The additional conditions will require an independent expert to assess and test controls, systems and processes after the firm deposited client money into unauthorised ba...
Financial planning
A proposed 38% per adviser increase in fees levied by the Australian Securities and Investments Commission has proved too much for the Financial Planning Association whic...
Policy & Regulation
The Australian Securities and Investments Commission has announced it has registered an amending instrument to specify an end date for three COVID-19 related instruments....
Features
Mike Taylor writes that the Financial Planning Association may well have identified a key element of the future of the financial advice industry but no one should overloo...
Policy & Regulation
Litigation funders, lawyers and even the ACCC are warning a key Parliamentary that the imposition of licensing and oversight by the Australian Securities and Investment C...
Financial planning
The prospect of yet another Parliamentary argument around legislative amendments has again thrown passage of the Government’s extension of the Financial Adviser Standards...
Financial planning
Sam Henderson’s appearance before the Royal Commission has had its corollary in charges being laid by the Australian Securities and Investments Commission relating to all...
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MARKET INSIGHTS
Podcast
The succession dilemma is more than just a matter of commitments.This isn’t simply about younger vs. older advisers. It’...
Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...
It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...