australian securities and investments commission

AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION

Financial planning

Guardian creates offering for new advisers

Guardian Advice has rolled out a new succession planning strategy which aims to help older advisers retire, while attracting the younger generation of planners to the dea...

Financial planning

Fee disclosure statements – a marketing opportunity?

When it comes to fee disclosure statements, advisers need to consider what the regulator wants; what is expected from a legal viewpoint; and how disengaged clients are li...

Life/Risk

Advisers worried about Choosi

A group of financial advisers has taken to social media to raise concerns that insurance comparison website Choosi is misrepresenting its services to clients and leading ...

Financial planning

Govt should have acted sooner on grandfathering: Batten

Following "somewhat ambiguous" statements on grandfathering in Consultation Paper 189, the Australian Securities and Investments Commission (ASIC) is set to release an up...

Financial planning

Disciplinary panel fines big name players

ASIC’s market supervision report reveals the big name players subject to market disciplinary penalties....

Editorial

Caveat emptor necessary amid planner churn

With scores of financial planners changing dealer groups, Mike Taylor writes that it is important for those doing the recruiting to undertake the necessary due diligence ...

Financial planning

Insurer ‘selective’ on D&O insurance for planning businesses

Suncorp confirms Vero is applying a ‘selective’ approach to approving directors and officers insurance to planning groups....

Financial planning

Hogan’s fraudster receives four-year sentence

A former Hogan and Partners stockbroker has been sentenced to four years in jail following an ASIC investigation into fraudulent and deceptive conduct....

Financial planning

Ponzi scheme ‘mastermind’ gets record penalty

David Hobbs, who was described by ASIC as the ‘mastermind’ behind a $30 million Ponzi scheme, was handed the largest penalty in the regulator’s history....

Superannuation

SMSF adviser sentenced for bilking clients

A former self-managed superannuation fund (SMSF) adviser has received concurrent suspended sentences of 18-months' imprisonment for obtaining financial advantage by decep...

Policy & Regulation

June 30 to trigger adviser migration

The dawning realisation that grandfathering arrangements may be put in jeopardy is likely to create a spike in the number of planners changing dealer groups before 30 Jun...

Editorial

Does FOFA pose Hobson’s choice?

As planners grapple with how to implement the changes flowing from the FOFA reforms, David Hasib examines the stark choices that many will have to make, including actuall...

Policy & Regulation

FOFA to remain soft-boiled until mid-2014

The implementation of the Future of Financial Advice (FOFA) reforms looks set to remain "medium soft" until 1 July 2014, according to Shadow Treasurer Mathias Cormann. ...