COMPLIANCE

Policy & Regulation

ASIC executive claims consumer misunderstandings were exploited for the benefit of financial services providers....

Financial planning

Penalties for financial planners who breach the law are not severe enough, the Australian Securities and Investments Commission believes....

Financial planning

ASIC chair Greg Medcraft emphasises regulator’s enforcement efforts and states does best it can with resources to hand....

Financial planning

The Commonwealth Bank (CBA) has responded to its grilling at a Senate Committee by restating its compliance with the inquiry’s requests for more information. ...

Financial planning

Financial services firms concerned about compliance may be better off sharing a licence with other parts of the business, a specialist lawyer says. ...

Financial planning

Industry Fund Services (IFS) has resolved compliance issues related to incorrect investment of client funds into an unregistered management investment scheme...

Superannuation

ASIC grants relief to super fund’s advisory arm to reduce advisor exposure to personal liability....

Financial planning

The Australian Securities and Investments Commission (ASIC) has permanently banned Victorian finance broker Kieu Thi-Thanh Huynh from carrying out credit activities after...

Superannuation

Self-managed super fund (SMSF) service provider Heffron has launched an online SMSF form with in-built checking tools to avoid compliance headaches....

Financial planning

Sentry Financial Services to write to SMSF clients after ASIC surveillance of corporate authorised representative...

Financial planning

Real estate agents, mortgage brokers, bank employees and SMSFs should all be subject to common regulation, according to Chan and Naylor’s David Hasib....

Funds management

The Australian Securities and Investments Commission (ASIC) has banned a trader employed at Westpac Institutional Bank for creating fictitious trading entries and a false...

Superannuation

Self-managed superannuation fund (SMSF) trustees are being warned that they will pay the price for poor product selection if they fail to ensure fund compliance under a n...

Financial planning

An embarrassed ASIC has imposed license conditions on Comm FP and Financial Wisdom as short-comings in compensation arrangements are revealed....

Financial planning

A $200 million class action could be brought against the Commonwealth Bank-owned Financial Wisdom on behalf of thousands of investors who claim they lost money due to “ba...

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MARKET INSIGHTS

So we are now underwriting criminal scams?...

5 months 1 week ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

5 months 2 weeks ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

7 months 2 weeks ago

The RBA has handed down its much-anticipated rate decision, following widespread expectations of a close call....

1 week 1 day ago

The FSCP has issued a written direction to an adviser who charged clients “extraordinary fees” for inappropriate and conflicted advice, as well as encouraged them to swit...

3 weeks 1 day ago

ASIC has confirmed the industry funding levy for the 2024–25 financial year, and how much licensees can expect to pay....

1 week 6 days ago