AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION
Financial planning
With the Royal Commission resulting in a tougher insurance market, organisations looking to get professional indemnity cover should act quickly to ensure they’re not left...
Financial planning
Two letters sent to superannuation fund members by ANZ OnePath have revealed a significant strengthening of language about how members should go about ending the payment ...
Financial planning
Financial advisers have expressed concern and anger at product manufacturers who have written to advice clients informing them how to switch off grandfathered commissions...
Financial planning
AMP Limited has handed the Australian Securities and Investments Commission a victory by admitting wrongdoing and failing to ensure AMP financial planners acted in the be...
Policy & Regulation
Australian Securities and Investments Commission (ASIC) chair James Shipton has issued a ‘fairness challenge’ to the financial services industry....
Policy & Regulation
The Australian Securities and Investments Commission has clarified the circumstances in which it is likely to litigate financial services breaches....
Financial planning
The Australian Securities and Investments Commission has banned a Sydney man, formerly an adviser at Kaz Capital, from providing financial services for six years....
Policy & Regulation
Financial firms which receive adverse comments on social media such as Twitter will be required to recognise them as legitimate complaints under the Australian Securities...
Financial planning
The Australian Securities and Investments Commission has revoked the authorisations of 58 authorised representatives who it found had been inappropriately dual-authorised...
Policy & Regulation
The Australian Securities and Investments Commission has broken new ground by imposing a penalty on HostPlus based on the commercial links and consequent service agreemen...
Policy & Regulation
The Australian Securities and Investments Commission has written to the chief executives of several major financial institutions, encouraging them to transition away from...
Life/Risk
ASIC will likely require some insurance code of practice provisions are strengthened before it approves the code, and these requirements may extend to other industry bodi...
Financial planning
Former financial adviser, Trevor William Martin, has pleaded guilty to dishonestly obtaining client funds....
Financial planning
The Australian Securities and Investments Commission (ASIC) has suspended the licence of Sydney-based Australasia Wealth Services Management (ASWM) for failing to meet re...
Financial planning
The two joint chief executive officers of a managed investment scheme operator, Australian Mutual Holdings Limited, have been banned for providing financial services for ...
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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...