andrew bragg

Policy & Regulation

‘Do or die’ for ASIC says Governance Institute

The Governance Institute has said ASIC’s governance arrangements are no longer “fit for purpose” in a time when financial markets are quickly innovating and cyber crime b...

Financial planning

‘Unnecessary’ for ASIC to interview Dixon advisers

ASIC has confirmed it was “unnecessary” for the regulator to intensively interview Dixon Advisory advisers about the problems at the firm....

Financial planning

ASIC dismissing misconduct reports in 40 seconds

The final ASIC inquiry report has found more than 26,000 reportable situations reports made by licensees during 2022–23 were assessed as requiring no action, while public...

Financial planning

What does Bragg’s final ASIC inquiry report recommend?

Senator Andrew Bragg has released the final report of the ASIC inquiry, making 11 recommendations as to how the corporate regulator can be improved....

Financial planning

Bragg slams ASIC’s ‘lack of action’ in inquiry report

Ahead of the upcoming ASIC inquiry report, Senator Andrew Bragg has criticised the regulator and Labor government for the impact of rising levies on financial advice prac...

People & Products

Shadow government appoints financial services minister

The shadow government has appointed a minister for financial services following the departure of Stuart Roberts last May, plus a new role for Andrew Bragg....

Financial planning

Bragg calls for ‘heads on spikes’ over wrongdoing

Dixon Advisory is a prime example of ASIC’s lack of enforcement action and wrongdoing will continue unless there are “heads on spikes”, according to Senator Andrew Bragg....

Financial planning

What has Bragg concluded from ASIC inquiry?

Senator Andrew Bragg has shared his biggest takeaway from chairing the Senate’s ASIC inquiry ahead of the publication of its final report, while calling for a wider finan...

Financial planning

Senate inquiry to assess retirement options

The Senate Economics Reference Committee has referred an inquiry into improving the Australian retirement system including insurance options, financial advice and product...

Financial planning

Dixon Advisory class action settles for $16m

E&P Financial Group has settled a class action related to Dixon Advisory for $16 million as Senator Andrew Bragg questions why the taxpayer should foot the bill for consu...

Superannuation

Bragg calls for clear timeline on addressing super complaints

In a letter addressed to Minister Stephen Jones, Senator Andrew Bragg has asked for a clear timeline for action on addressing super complaints regarding delays in death b...

Financial planning

Dixon Advisory consumer losses totalling $357 million: AFCA

If all the 1,851 complaints of losses made to AFCA about Dixon Advisory were paid out, it would total $357 million, the organisation said, but it is yet to issue any form...

Policy & Regulation

ASIC prosecution referrals plunge by half since 2019

The Senate economics reference committee has shared data from the Commonwealth Director of Public Prosecutions on the number of prosecutions referred to it by ASIC in the...

Policy & Regulation

ASIC inquiry dispute continues as Labor appears in Senate

The war of words regarding ASIC’s provision of evidence to a Senate inquiry has continued as Labor senator Katy Gallagher appears in the Senate to provide an explanation ...

Policy & Regulation

Labor defends ASIC’s independence against Senate inquiry

The Labor government has hit back at the Senate Economics Reference Committee’s request for evidence from ASIC as it is an independent regulator and suggested it provide ...