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AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION
Life/Risk
AFA and FSC form working body while FPA calls for insurance providers to review their offerings...
Financial planning
Lawyers call for limit to FOS’ monetary jurisdiction which exceeds that of many courts....
Life/Risk
More than a third of life insurance advice has not been appropriate according to a review conducted by ASIC....
Financial planning
Commonwealth Bank of Australia consumers who have not claimed funds left on expired Travel Money Cards within 12 months of the expiry will no longer forfeit the cash to t...
Financial planning
A former director of an Australian financial services licence holder received a 12-month suspended sentence and a $10,000 fine after pleading guilty to fraud charges....
Financial planning
NAB has paid $10,200 in fines after ASIC found the bank made misleading statements in its annuity term deposit PDS....
Financial planning
ASIC has the power to move to lift planner education standards, according to Finance Minister, Mathias Cormann....
Life/Risk
A NSW insurance broker has been permanently banned from providing financial services after an ASIC investigation found he engaged in “dishonest conduct”....
Financial planning
ASIC has suspended the licence of a boutique planning group for three months for a failure to comply with its compliance obligations...
Financial planning
ASIC has confirmed it in the process of investigating the Blueprint fund behind the voluntary administration of van Eyk. ...
Financial planning
Voluntary administration is becoming an increasing popular route for struggling financial services companies, prompting the lifeline to finally lose its status as the pre...
Financial planning
ASIC has subjected a mortgage scheme operator to additional AFSL conditions after it failed to meet various obligations....
Editorial
With a third of FOS determinations going unpaid the efficacy of Professional Indemnity insurance as a compensation mechanism is under question and, as Mike Taylor reports...
Editorial
While ASIC is right to pursue more timely breach reporting by financial planning firms it should acknowledge that the vast majority more than live up to their obligations...
Financial planning
The corporate regulator states a co-regulatory model could work for financial advisers but says it is cost-effective and ethically practical to only work with one profess...
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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...