australian securities and investments commission

AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION

Editorial

Financial services’ top female executives

While the gender balance of the executive ranks and company boards of financial services companies remain decidedly slanted, a growing number of women are breaking new gr...

Financial planning

Bank of Queensland customers to be refunded

The Bank of Queensland will have to refund approximately $12 million to around 6000 mortgage customers following a system error....

Financial planning

ASIC accepts EU from securities dealer

ASIC has accepted an enforceable undertaking (EU) from Halifax Investment Services after an investigation found deficiencies in the company’s risk management and complia...

Accounting

Accountant banned for six years

ASIC has handed a NSW-based accountant a six-year ban from providing financial services following an investigation....

Financial planning

Securities dealer scales down operations following ASIC review

A securities dealer has volunteered to wind back its operations after an ASIC review found the company had breached conditions of its Australian financial services licenc...

Superannuation

No safety net for SMSFs, says Cooper

SMSFs should be responsible for their wins and losses, which is why there should be no special statutory safety net for them when it comes to fraud, according to Challeng...

Financial planning

ASIC warns public of email scam

The regulator has warned the public to be wary of an email claiming to be from Sydney Credit Union which contains reference to ASIC chairman Greg Medcraft....

Life/Risk

Sydney insurance broker permanently banned

A Sydney insurance broker has been permanently banned from providing financial services following an investigation by the Australian Securities and Investments Commission...

Editorial

A presumption of guilt without evidence?

“If you don’t think financial advice on life insurance is a problem area for ASIC and for industry, please think again.” ...

Editorial

Much ado about churning

With the Australian Securities and Investments Commission having fired a shot over the bows of the industry on the question of churn, the Risk Store’s Sue Laing argues th...

Super funds must market better, says ASIC

ASIC Commissioner Greg Tanzer has called super fund trustees to reinforce the long-term nature of superannuation as an investment, according to ASIC Commissioner, Greg Ta...

Superannuation

ASIC targets dodgy SMSF spruikers

ASIC has obtained orders appointing liquidators to MOGS Pty Ltd, which is associated with two Queensland-based self-managed superannuation fund (SMSF) companies....

Editorial

Government offers its final FOFA concession

Few people in the financial planning industry will have failed to notice, via draft legislation released by the Treasury, that the Federal Government has delivered what w...