peter kell

Financial planning

ASIC provides new information guides on reporting misconduct

The Australian Securities and Investments Commission (ASIC) has released information to the public in relation to its approach to handling tip-offs, complaints, informati...

Financial planning

ASIC slaps Addwealth with additional licensing conditions

Addwealth Financial Services has been forced to adhere to additional requirements under its Australian financial services licence after surveillance of its advice busines...

Financial planning

ASIC targets unlicensed creditors

ASIC is conducting a surveillance campaign to catch out unlicensed credit providers....

Financial planning

ASIC bans Brisbane-based financial adviser for five years

The Australian Securities and Investments Commission has banned an authorised representative of WealthSure from providing financial services for five years....

Financial planning

Opposition puts regulators on notice

Opposition puts regulators and industry funds on notice referencing parliamentary accountability and competitive neutrality....

Policy & Regulation

Regulators stressed by changes too

Australia's two financial services regulators have acknowledged the level of stress and uncertainty being experienced by financial services companies as a result of the G...

Policy & Regulation

Questions raised on ASIC's FOFA approach

Some question the background of key ASIC personnel handling FOFA regulatory development....

Life/Risk

ASIC urges consumers to consider alternatives to funeral insurance

Funeral insurance could be the most expensive way to manage funeral costs, and ASIC is urging investors to consider all the alternatives....

Financial planning

RHG Mortgage Corporation to refund $3.3 million

The company formerly known as RAMS Mortgage Corporation will refund more than $3.3 million to its customers after charging what the regulator considered unfair early term...

Financial planning

ASIC bans unlicensed Sydney financial adviser

An unlicensed Sydney-based financial planner has been permanently banned from providing financial services by the Australian Securities and Investments Commission....

Financial planning

ASIC warns financial services firms over ads

ASIC has reminded the industry that advertising campaigns will be closely watched and regularly reviewed....

Financial planning

Cold-call scammer found guilty

City Index Australasia and its director Blair Jason Travers have been found guilty in Melbourne's Federal Court of a cold-calling scam that promised to generate returns f...

Financial planning

BMW pays for breaching National Credit Code

BMW has been ordered by ASIC to repay $1,392,667 to customers after the car financer breached the National Credit Code....

Financial planning

Avant tightens marketing policy

Avant has responded to ASIC concerns regarding a recent mail-out to policy holders that contained potentially misleading information....

Editorial

FOFA concessions may have an expiry date

Mike Taylor writes that the Federal Opposition has signalled some of the so-called ‘concessions’ extracted around the passage of the FOFA bills may not have a life beyond...