australian securities and investments commission

AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION

Financial planning

Consumer remediation guidelines require 12-month transition: FSC

The Financial Services Council is calling on the Australian Securities and Investments Commission to include a 12-month transition period for licensees to adjust to chang...

Financial planning

AFIA opposes reducing compensation threshold from $20 to $5

The Australian Finance Industry Association has opposed the Australian Securities and Investments Commission’s proposal to lower the consumer compensation threshold from ...

People & Products

Government appoints FSCP members

The Morrison Government has appointed 31 candidates as part-time members of the Financial Services and Credit Panel (FSCP)....

Features

Detangling managed accounts

Managed accounts have come a long way in the two decades that they have been growing in Australia, Liam Cormican writes, but the only thing holding them back is their com...

Features

A year to take a breath

Business processes, succession planning and system efficiency are among areas that advisers can focus on this year thanks to a lull in regulatory change, writes Oksana Pa...

Expert Analysis

Professional Year is the making of a financial planner

The professional year offers new entrants a bridge between academic theory of the post-Hayne landscape and the real world of service, writes Anne Palmer. ...

Financial planning

Education would boost trust and lower costs

Just because experienced advisers may no longer need to fulfill the education requirements does not mean they should avoid it as extra study can help boost client trust....

Funds management

Sterling collapse occurred due to policy not regulation

More issues like the Sterling Collapse will occur and policies settings need to be addressed such as having ‘risk discovery advice’ to help prevent investors from making ...

Financial planning

How many advisers will be there in 2022?

Over 1,300 advisers are expected to drop off the Australian Securities and Investments Commission’s register between now and the start of the next year....

Financial planning

Are penalties enough to get FFNS payments accelerated?

The corporate regulator believes its guidance along with penalties will help accelerate fee-for-no service remediation payments as there is still $3.7 billion left unpaid...

Financial planning

‘Unachievable’ return targets led to Sterling collapse: ASIC

The collapse of Sterling Group was caused by the company being too ambitious with its return targets, according to the regulator, rather than any improper financial deali...

Features

InFocus: Bringing crypto into the mainstream

After years under the regulatory radar, Laura Dew writes, cryptocurrency has finally hit the mainstream with a succession of announcements aimed at making retail access e...

Financial planning

Financial adviser registration to occur in two stages

The registration of financial advisers under the Better Advice Act will occur in two stages with the second commencing once the register transitions to the Australian Tax...

Policy & Regulation

ASIC bans ex-Dover adviser for six years

The corporate regulator has banned Melbourne-based financial adviser Ashok Sherwal from providing financial services for six years after giving inappropriate advice for h...

Policy & Regulation

ASIC updates anti-hawking guidance

The corporate regulator has added 12 examples in response to feedback received from its consultation on the prohibition of hawking financial products. ...