ASIC

Financial planning

PIS CEO Pete Walther is stepping down after 18 months with the company....

Financial planning

Regulators cite planners on structured products

Financial advisers have been listed as the dominant distributors of retail structured products in Australia by research undertaken by IOSCO. ...

Long-term oversight on SMSF advice says ASIC

ASIC’s SMSF Taskforce has reviewed 100 investor files relating to the establishment of SMSFs in an effort to improve the quality of advice given to investors, it said. ...

Financial planning

TASA and financial planners - the search for facts and common sense

The recent flurry of opinions around making financial planners accountable to the Tax Agent Services Act (TASA) only continues to fuel more flawed arguments that are not ...

Financial planning

Mortgage broker handed 5-year ban

ASIC has banned a Sydney-based mortgage broker from engaging in credit activities for five years and cancelled his Australian credit licence....

Superannuation

Mortgage brokers create push into SMSFs

The mortgage broking industry appears to have created a more aggressive push into the ever-expanding SMSF segment. ...

Financial planning

Reverse mortgage products in short supply

The Government’s failure to adequately respond to industry representations concerning the reverse mortgage sector has continued to affect supply in the sector, according ...

Financial planning

The push to lift planner education standards grinds to a halt

With ASIC delaying its work on a financial planner training framework, progress on raising the bar on education seems to be stuck in limbo, writes Tim Stewart....

Financial planning

Are efforts to boost financial literacy missing their mark?

The Government has made a big push to improve financial literacy among consumers, but was it the right approach? Tim Stewart reports....

Superannuation

ASIC to look at SMSF costs

ASIC has signaled it will soon be issuing a consultation paper dealing with the costs associated with self-managed superannuation funds (SMSFs)....

Financial planning

TPB releases adviser education requirements

Financial planners wishing to keep providing advice in areas such as superannuation after 1 July will have to complete a course approved by the Taxation Practitioners Boa...