ASIC warns that commissions may continue to exist within MIS arrangements despite the FOFA changes....
ASIC deputy chairman, Peter Kell, says the regulator will be taking a clsoe look at professional indemnity insurance in coming months....
The corporate regulator is not seeking any changes to PI insurance requirements for advisers stating that ‘tinkering’ would not deal with problems related to claims or di...
The corporate regulator will consider model portfolios as a suitable investment under best interest duties if they do not adopt mechanistic processes on selecting assets ...
A South Australian finance broker has pleaded guilty to forging a memorandum of mortgage, to defraud $170,000 from an investor....
Banning upfront commissions on insurance products is not the answer to weeding out unscrupulous advisers, according to The Boutique Financial Planning Principals’ Group (...
ASIC has secured a restraining order preventing a foreign exchange company and its former director from carrying on a financial services business....
A former insurance company director has pleaded guilty in the Adelaide Magistrates Court to 39 charges brought by ASIC....
An Australian financial services business has agreed to cease providing services in Japan after an inquiry by ASIC found it was not licenced by the Japanese regulator....
AFA and FSC form working body while FPA calls for insurance providers to review their offerings...
More than a third of life insurance advice has not been appropriate according to a review conducted by ASIC....
Commonwealth Bank of Australia consumers who have not claimed funds left on expired Travel Money Cards within 12 months of the expiry will no longer forfeit the cash to t...
MFAA claims mortgage brokers have not been through any major scandals as a result of lower levels of risk and the application of higher professional standards...
A former director of an Australian financial services licence holder received a 12-month suspended sentence and a $10,000 fine after pleading guilty to fraud charges....
Melbourne based advice group to boost its compliance and retrain advisers after ASIC raised concerns about appropriateness of SMSF related advice....
So shareholders lose a dividend plus have seen the erosion of value. Qantas decides to clawback remuneration from Alan ...
This is why I left my last position. There was no interest in giving the client quality time, it was all about bumping ...
So the Hayne Royal Commission has left us with this. What a sad day for the financial planning industry. Clearly most ...