ENFORCEMENT

Financial planning

The balance of ASIC enforcement activity is skewed towards civil rather than criminal cases, but the corporate regulator says it is seeking to redress this balance. ...

People & Products

ASIC chief executive, Warren Day, is among senior executives to depart the corporate regulator amid changes to its leadership team....

Financial planning

The fact there has already been two enforceable undertakings this year, including one from a former adviser, compared to just five in 2023 indicates ASIC is returning to ...

Financial planning

ASIC kicked off the year with its first licence cancellation and a contempt of court application as it states it is seeking to send a “clear compliance and deterrence mes...

Financial planning

The actions of Sydney fraudster Melissa Caddick have resulted in heavy costs for the financial advice subsector, as the FAAA calls for costs of enforcement against unlice...

Superannuation

ASIC has announced its enforcement priorities for 2024, which include two new points relating to the superannuation industry....

Financial planning

A Queensland financial adviser has detailed how the latest ASIC levy increase has caused him to double the ongoing advice fee for his clients to meet the cost....

People & Products

The corporate regulator has announced several appointments to its executive leadership team, as it reaches the final stages of executing its new organisational structure....

Funds management

Greenwashing, predatory lending and misleading insurance are all on ASIC’s enforcement radar for 2023. ...

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Financial planning

The corporate watchdog has confirmed it will use 80% of its funding towards enforcement, supervision, and surveillance activities for financial year 2021-22....

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Policy & Regulation

Under the Corporations Act, the Australian Securities and Investments Commission does not have a role as a code monitoring body and is prevented from exercising its power...

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Policy & Regulation

Liquidators should pay heed to a decision from the Federal Court to fix the remuneration of the liquidators of three Adelaide companies at $3.9 million, compared to the $...

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Life/Risk

ASIC will likely require some insurance code of practice provisions are strengthened before it approves the code, and these requirements may extend to other industry bodi...

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Policy & Regulation

The frequent contact between ASIC commissioners and the chief executives and boards of the institutions they regulate is purely professional, ASIC’s chair has told the Ro...

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Policy & Regulation

The prudential regulator has announced the terms of reference for a review of its enforcement strategy....

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MARKET INSIGHTS

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Never miss the latest news and developments in wealth management industry

Bradley

Dear CEO and board, It's time to start some VERY HEAVY LOBBYING on behalf of advisers which could save your platform re...

12 hours ago
JOHN GILLIES

He is every thing ASIC said he was BUT How on earth did he expect to get away with it????? . these guy's who dip in...

14 hours ago
Chris Cornish

A tad optimistic from Morningstar. Adviser numbers are somewhat irrelevant; it all comes down to the platform and whethe...

15 hours ago

A former financial adviser has been banned by ASIC from providing financial services for inappropriate advice, among multiple breaches....

1 week 1 day ago

Treasurer Jim Chalmers has handed down his third budget, outlining the government’s macroeconomic forecasts and changes to superannuation....

2 weeks 2 days ago

Iress has announced it is strengthening its security settings after suffering an unauthorised access of its systems over the weekend....

2 weeks 3 days ago