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AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION
Financial planning
Former director of Chartwell Enterprises and one of Australia's largest Ponzi scheme operators, Graeme Hoy, has been sentenced to 13 years and nine months in jail owing i...
Financial planning
The Government has banned mortgage exit fees, a step that it claims will boost competition - although some members of the mortgage industry say it will have the opposite ...
Funds management
A former Gold Coast property developer has been committed to stand trial for fraud, having raised about $2.2 million from Australian investors in an unregistered managed ...
Superannuation
Retirement financial advice will soon be under scrutiny by ASIC, with the announcement that the regulator will resume its shadow shopping survey this year....
Financial planning
The Australian Securities and Investments Commission has accepted an enforceable undertaking (EU) from UBS Wealth Management Australia, in order to remedy past compliance...
Editorial
In its pre-Budget submission to the Federal Government, the Financial Planning Association called on the Government to implement a range of initiatives to support the cur...
Editorial
The Australian Prudential Regulation Authority is pursuing a dual role as a regulator and a national statistical agency for the financial services sector, but the evidenc...
Financial planning
Some planners and certainly some industry funds support ASIC's view on the use of asset-based fees....
Financial planning
Concerns have been raised about ASIC appearing to unilaterally urge consumers away from asset-based fees....
Financial planning
The Government has launched a website dedicated to helping consumers better understand and manage their finances....
People & Products
Liquidators have been appointed to Empower Invest and Newcastle Palais Holdings - two companies that operated an unregistered managed investment scheme - after the compan...
Financial planning
Dark Blue Fire has been banned from engaging in consumer credit activities until it complies with the obligation to become a member of an external dispute resolution sche...
Financial planning
ASIC has signalled it will be looking closely at fast-growing financial planning businesses....
Financial planning
The former co-directors of the failed broking firm Opes Prime Stockbroking Limited (OPSL), Anthony Blumberg and Julian Smith, have pleaded not guilty to charges brought b...
Life/Risk
Treasury looks at different rules for insurance and investment advice....
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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...