Senate Estimates

Policy & Regulation

ASIC staff need to consider if they are taking on enough risk in choosing cases to litigate, according to chair Joe Longo, prompting a Senate committee to ask if it shoul...

Superannuation

‘Stickiness’ rife as 1.3m remain in underperforming super funds

While 89,000 members have exited an underperforming superannuation fund, more than a million members have opted to remain, according to figures from the Australian Pruden...

Financial planning

ASIC wanted sanctions spelled out in adviser code

The Australian Securities and Investments Commission wanted the Financial Adviser Standards and Ethics Authority to clearly spell out the sanctions it would impose on adv...

Financial planning

FASEA releases ASIC code submission

The Financial Adviser Standards and Ethics Authority has released the content of the Australian Securities and Investments Commission submission on the adviser code of et...

Policy & Regulation

FASEA ‘overdue’ in answering key Senate questions

The Financial Adviser Standards and Ethics Authority is now officially overdue in providing answers to key questions around Australian Securities and Investments Commissi...

Financial planning

Did ASIC cover for FASEA code shortcomings?

Industry submissions to the Financial Adviser Standards and Ethics Authority were calling for a 12-month adviser code exemption just a week before the Australian Securiti...

Financial planning

FASEA on notice over ASIC submissions

The Financial Adviser Standards and Ethics Authority is now on formal notice to answer Senate Estimates questions about the content of Australian Securities and Investmen...