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ASIC
Financial planning
A body to monitor the regulators has begun its first review into the Australian Securities and Investments Commission and expects to provide a report by July 2022....
Funds management
The firm was fined for false and misleading marketing of its $5.15 billion Australian Credit fund over three years....
Financial planning
There will be ‘probably’ four sittings of the financial adviser exam in 2022, according to the corporate regulator....
Superannuation
QSuper will have to communicate clearly with members of Sunsuper, ahead of their merger in February, that they could be liable to pay a fee for fines or penalties incurre...
Outsider
Appearing before the Senate economics committee via video link with all the associated technical difficulties and political grilling must be a nerve-wracking experience, ...
Financial planning
The Stockbrokers and Financial Advisers Association has welcomed the report that led to the corporate regulator putting additional licence conditions on the Australian Se...
Financial planning
Ahmed Saad will serve a nine-month prison sentence for illegally allowing clients to withdraw superannuation funds from 2016 to 2017. ...
Funds management
There are numerous problems involved in cryptocurrency which will make it difficult for firms to bring a regulated product to market, according to Aequitas Investment Par...
Financial planning
Former AMP financial adviser, David Fong, and his Perth-based company Fong Financial Planners have been charged with dishonest conduct....
Life/Risk
The corporate regulator alleges MLC Life Insurance, in some instances, failed to pay life insurance benefits, notify on premium rises or refund premiums, amongst other br...
Financial planning
Gordon-based former financial adviser, Ezzat-Daniel Nesseim, has pleaded guilty to five criminal offences which included dishonest conduct and using fabricated evidence....
Financial planning
Australian financial services licensees should be required to submit professional indemnity cover as part of existing annual compliance obligations to ensure CSLR viabili...
Policy & Regulation
The most common “stumbling block” in consumer remediation by licensees was underinvesting in systems which have led to multiple failures....
Financial planning
The corporate regulator has filed a contempt application in Federal Court against James Mawhinney, the director of companies in the Mayfair 101 group....
Policy & Regulation
‘Novelty’ financial products are unlikely to see a higher regulatory scrutiny in the future as it is too hard to determine what that definition covers, according to the A...
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Podcast
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 ...