ASIC has used its fourth major submission to the Senate Inquiry to point to a brand new culture at Commonwealth Financial Planning....

The corporate regulator has worked through the Christmas and New Year period, having made a number of key announcements during the three weeks....

Almost a third of advised Australians last heard from their financial planner more than a year ago, which puts them “at risk” of switching, a report says....

Consumer-dominated submissions reflect lack of confidence in watchdog. ...

ASIC chairman Greg Medcraft expresses concern at the time it takes to get matters before the courts....

'Does ASIC have the power and the resources to fulfil its task as corporate watchdog?' is the question the Australian Senate is asking as part of its review of the regula...

The Commonwealth Bank is calling for the introduction of a financial planner passport scheme, similar to the one operating in the United States. ...

ASIC’s investigation of the Commonwealth Financial Planning (CommFP) scandal lacked the resources and scope to properly compensate all affected clients, a law firm believ...

Rather than relying entirely on the budget the Government allocates to it, ASIC should adopt a self-funding model, according to ISA....

ASIC uses examples of its actions against financial planners and others to defend its record. ...

Submissions to the Senate inquiry into ASIC are revealing a wide range of complaints against not only the regulator but banks and insurers....

The major planning organisations expect the newly-elected Coalition Government to deliver on the promised changes to FOFA....

ANZ managing director for advice and distribution, Paul Barrett, will leave the bank later this month amid an executive reshuffle in its global wealth division....

A major law firm has warned Australian consumers against taking advice from bank financial planners....