ASIC

Financial planning

Is there room for smaller planners in scaled advice?

Is scaled advice a game only the big guys can play? Malavika Santhebennur explores some of the things that might be stopping smaller financial planning practices from pro...

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...

Financial planning

Ex-AFS adviser enters into EU

Former AFS adviser Gabriel Nakhl has been permanently banned from providing financial advice after entering into an enforceable undertaking....

Financial planning

ASIC speeding up licensee complaints process

Lawyer advises licensees to get ready to change their dispute resolution systems, with ASIC now requiring them to act quicker....

Financial planning

Call for financial planner passport scheme

The Commonwealth Bank is calling for the introduction of a financial planner passport scheme, similar to the one operating in the United States. ...

Funds management

MDA review timetable to be pushed out to next year

ASIC confirms new MDA guidelines likely in 2014....

Editorial

Hedge funds - to regulate or not to regulate

When it comes to hedge funds, the watchful gaze of regulators seems never to be far behind, as Janine Mace writes. ...

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...

Financial planning

Former Bell Potter Securities adviser receives permanent ban for fraud

Adviser sentenced to jail and permanently banned from providing financial services....

Editorial

With ASIC, you get what you pay for

Mike Taylor writes that as a former ASIC executive, ASFA chief executive Pauline Vamos has managed to spice up the submissions to the Senate Committee reviewing ASIC’s op...

Superannuation

SPAA backs ASIC on property spruikers

SPAA supports ASIC on property spruikers but maintains that, properly-advised, property is a legitimate SMSF investment....

Superannuation

ASIC wants better disclosure on SMSF establishment

ASIC wants people to be better informed about the implications of establishing an SMSF before it occurs. ...

Financial planning

NAB announces $750 million capital raising

National Australia Bank is looking to raise around $750 million through the offer of convertible preference shares....

Financial planning

AIOFP members to undergo compliance review

Member firms of the Association of Independently Owned Financial Professionals will undergo AFSL compliance reviews to identify and remedy potential issues....