AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION
Policy & Regulation
Changes to FOFA amendments agreed between the Government and PUP will act as levers against a planner in a dispute with a client....
Financial planning
ASIC has imposed new conditions on the AFSLs of CommFP and Financial Wisdom....
Financial planning
Treasury issues ‘Statement of Expectations’ to ASIC and other Australian regulators, asking them to adhere to its broad policy framework....
Editorial
The adviser’s best interest duty leaves a question mark hanging over what constitutes “reasonable” advice, Merton Miles writes....
Superannuation
One of Australia’s regulators fears self-managed super funds could expose investors to inappropriate borrowing strategies, but doesn’t see a role for itself in guarding t...
Financial planning
Listed entities should prioritise continuous disclosure obligations over any other stakeholder engagement goals, ASIC Commissioner John Price said....
Financial planning
Class action specialists, Shine Lawyers, are investigating claims against Queensland based financial advice firm FTS....
Financial planning
Credit Suisse has paid a fine of $88,400 for a costly trading error that was not properly reported. ...
Financial planning
ASIC has cancelled the AFSLs of seven licensees who did not have adequate professional indemnity insurance....
Financial planning
SFG Australia Limited shareholders have voted to support IOOF Holdings Limited’s proposed acquisition of 100 per cent of the company’s ordinary shares....
Financial planning
ASIC has accepted an enforceable undertaking (EU) from PGW Financial Services....
Financial planning
The Chief Ombudsman has sought to refute claims that FOS is unaccountable and in urgent need of review....
Funds management
ASIC is seeking industry feedback to proposed changes to the rules that require compulsory trade reporting of OTC derivatives....
Policy & Regulation
Macquarie has used its AGM to claim it is on track in meeting the terms of its 2013 Macquarie Private Wealth enforceable undertaking....
Financial planning
Regulators around the world are still trying to grapple with the unique challenges of regulating the use of mediums like social media and automated advice by intermediari...
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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...