storm financial

Financial planning

Money Management roundtable participants acknowledge that some hard lessons were learned on margin lending from the collapse of Storm Financial....

Financial planning

AIST claims FOFA changes allow client manipulation

Allowing advisers and clients to 'agree’ on the scope of advice makes way for a variety of manipulation, says AIST....

Financial planning

Govt slams ISA over FOFA legal doubt

Sinodinos says the Government does not intend to speculate on hypothetical court challenges to FOFA as posed by the ISA. ...

Financial planning

Senate review of ASIC receives 400 submissions

Senate committee tasked with working through more than 400 submissions in review of ASIC....

Editorial

Financial Systems Review can work for all

The Abbott Government has provided David Murray with plenty of scope to go deep when he leads the forthcoming Financial Systems Review, writes Mike Taylor....

Financial planning

Former Storm Financial boss blames failure on ASIC manipulation

Former Storm Financial head Emmanuel Cassimatis has alleged the group's failure was the result of ASIC actively working against it. ...

Financial planning

Medcraft accuses media of negativity

ASIC Chairman Greg Medcraft has accused the media of trying to smear its staff and culture....

Editorial

Google is not a financial adviser

Nobody should be surprised by research released by major insurer TAL suggesting that people are more inclined to resort to the internet and search engines as a primary so...

Funds management

ASIC chair signals change on pursuing compensation

ASIC chairman Greg Medcraft says pursuing compensation similar to Storm might better be left to the “class action industry”....

Editorial

Does ASIC have the power and resources it needs?

'Does ASIC have the power and the resources to fulfil its task as corporate watchdog?' is the question the Australian Senate is asking as part of its review of the regula...

Editorial

Can we control ourselves?

The Financial Planning Association has canvassed the possibility of a professional association regulating the industry alongside ASIC but, as Mike Taylor writes, many wil...

Editorial

ASIC and APRA's Trio/Astarra failures laid bare

Australia’s two key financial services regulators, ASIC and APRA have moved a step closer to concluding their actions around the collapse of Trio/Astarra and, in doing so...