ASIC

Policy & Regulation

Australian Securities and Investments Commission chair, James Shipton has been cleared of any wrongdoing but has agreed to leave the regulator....

Financial planning

ASIC warns of imposter bond scams

The Australian Securities and Investments Commission has warned investors of a rise in imposter bond scams. ...

Financial planning

Reducing advice costs by graduating levels of advice

If doctors could accommodate the existence of paramedics, why can’t the financial advice profession accept a similar situation with respect to some lesser qualified advis...

Financial planning

Should ASIC provide a templated RoA to reduce advice costs?

The cost of delivering advice could be reduced for both advisers and superannuation funds if the Australian Securities and Investments Commission delivered a templated re...

Policy & Regulation

ASIC hit by cyber attack

The Australian Securities and Investments Commission is working to rectify its systems after identifying a cyber attack affecting Australian credit licence applications....

Financial planning

Time to let advisers use their professional judgement

Financial advisers need to be trusted and empowered to use their professional judgement in circumstances where many are highly educated and have years of experience, acco...

Financial planning

Another 30 advisers head for the exit

There has been a net loss of close to 30 adviser roles, despite the lack of any major market announcements this week. ...

Financial planning

Providing simple advice simply will reduce cost

Removing the term ‘general advice’ and renaming intrafund advice and robo-advice to intrafund information and robo information would help reduce the cost of financial adv...

Financial planning

AFCA forced to change its approach to ARs

A loss in the NSW Supreme Court and action by the Australian Securities and Investments Commission has seen the Australian Financial Complaints Authority forced to change...

Financial planning

More limited advice may be the answer but advisers are being hamstrung

Advisers would like to deliver more cost-effective limited advice but are being precluded from doing so by regulatory uncertainty and an approach by the regulators and li...

Financial planning

Industry funds cite early release backing for intra-fund advice extension

The Australian Securities and Investments Commission need only regulate in the same terms it did for early release superannuation advice to extend intra-fund advice, acco...

Financial planning

Is the ASIC affordable advice review just the first step?

Will the Government initiate an independent review of the legislation and regulation around financial planning based on the findings of the current Australian Securities ...

Financial planning

FPA calls for dilution of licensee influence

The Financial Planning Association has leveraged the Australian Securities and Investments Commission’s affordable advice review to drive home its policy for financial ad...

Financial planning

Stop prioritising compliance over client needs says SMSF Association

The current regulatory regime around financial planning is driving up costs by prioritising compliance and the needs of licensees over those of consumers, according to th...

Financial planning

Former Sydney adviser banned for three years

Former adviser, Jim Pavlidis has been banned for three years after a review of his advice showed he failed to provide financial advice in the best interest of his clients...