THE AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION

Superannuation

The Australian Securities and Investments Commission has warned super funds to better explain income protection insurance as it can dwindle super balances for particular ...

Features

Advisers would be wise to understand online investing services given they are democratising investment and removing barriers to entry, Laura Dew finds....

Policy & Regulation

The corporate watchdog secured nearly $190 million in civil penalties during the last financial year and increased civil litigations by 28%....

Financial planning

The question of whether the advice fees deducted by superannuation funds are reasonable and fair is being examined by the Australian Securities and Investments Commission...

Financial planning

Financial advisers are facing yet more scrutiny by the Australian Securities and Investments Commission as it drills down on a large number of advice files....

Policy & Regulation

The Australian Prudential Regulation Authority chairman, Wayne Byers has urged financial services companies to embrace the need for self-regulation at both industry and c...

Policy & Regulation

ASIC has released its proposed whistleblower guidance to be implemented by 1 January 2020....

Financial planning

Will changes to default superannuation arrangements combine with changes to income streams serve to squeeze many advisers out of the superannuation market?...

Financial planning

National Australia Bank has paid out over $32 million in customer remediation as at 30 June, 2019, part of total $119m paid out by Australia’s five largest banks. ...

Policy & Regulation

Sydney-based financial planning firm Jade Private Wealth has entered into receivership....

Policy & Regulation

The Australian Securities and Investments Commission has started a consultation process ahead of a proposal to ban unsolicited telephone sales of direct life insurance....

Financial planning

Aussie politicians make “politicised and dishonest decisions about ‘fraud’” despite having no law enforcement of forensic investigation skills, Victims of Financial Fraud...

Financial planning

While the creation of a deferred sales model (DSM) to regulate the sale of add-on insurance was explicitly recommended by Commissioner Kenneth Hayne the industry is being...

Funds management

The funds that have incorporated responsible investing principles outperformed most mainstream Australian and international peers, according to a report by the Responsibl...

Policy & Regulation

The Australian Securities and Investments Commission has revealed just how much it has increased its focus on wealth management investigations over the past 14 months....

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MARKET INSIGHTS

So we are now underwriting criminal scams?...

5 months ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

5 months ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

7 months 1 week ago

The FSCP has issued a written direction to an adviser who charged clients “extraordinary fees” for inappropriate and conflicted advice, as well as encouraged them to swit...

1 week 5 days ago

ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager. ...

3 weeks 1 day ago

ASIC has confirmed the industry funding levy for the 2024–25 financial year, and how much licensees can expect to pay....

2 days 17 hours ago