investments commission

Funds management

Pre-election national economy talk is adding to the growing level of pessimism surrounding household finances and savings, research suggests. ...

Financial planning

APRA seeks to ban another Trio director

APRA has commenced proceedings in the Australian Federal Court seeking the disqualification of former Trio Capital director David Millhouse....

Financial planning

Real action needed on financial literacy, says FPA

The FPA has called upon both parties to commit to promoting financial advice as it would result in “an informed nation of financially enabled Australians”....

Financial planning

FPA to review enshrinement if Senate push fails

FPA will reconsider aspects of enshrinement if it fails to become law...

Life/Risk

Suncorp agrees to ASIC compliance upgrade

Suncorp reports itself to ASIC and accepts life and general insurance compliance upgrade. ...

Financial planning

Merrill Lynch Australia fined for poor market trading processes

Merrill Lynch Equities (Australia) has been fined $120,000 by the Markets Disciplinary Panel (MDP) for not ensuring that it had in place organisational and technical reso...

DomaCom pushes for better equity release education

The regulator should work to extend the scope of its financial literacy strategy to include an appropriate focus on retirement funding, particularly in relation to senior...

Association suspends dodgy SMSF adviser

Money Choice director Matthew George had his PIPA membership suspended days after the regulator banned him from the industry and cancelled his firm’s credit licence....

Financial planning

AFS ills spread to related advisory group

The Salisbury Group (TSG), a planning business with 50 planners, has gone into administration following the recent closure of Australian Financial Services (AFS). ...

Financial planning

Flowers Financial Management’s AFS licence cancelled

The Australian Securities and Investments Commission has cancelled the Australian financial service licence of the Sydney-based Flowers Financial Management....

Superannuation

ASIC to look at SMSF costs

ASIC has signaled it will soon be issuing a consultation paper dealing with the costs associated with self-managed superannuation funds (SMSFs)....

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...

Life/Risk

Show us the evidence of churn - Trapnell

Synchron’s Don Trapnell calls for proof to justify ASIC’s concern on churn....

Policy & Regulation

ASIC excessive on conflicted remuneration: Tria

Some measures within ASIC’s guidance on conflicted remuneration appear to be excessive, according to Tria Investment Partners managing director Andrew Baker....