australian securities and investments commission

AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION

Financial planning

ASIC should be subject to regular reviews while FOS should move to a higher award regime...

Financial planning

Report calls for higher education standards and enshrinement

Senate Committee recommends higher education, professional association membership and enshrinement of ‘financial planner’ in report on ASIC performance...

Financial planning

Senate report calls for adviser banning powers and increased penalties

ASIC should be given the power to immediately suspend financial planners who it suspects have engaged in misconduct according to Senate Committee....

Financial planning

Senate Committee recommends royal commission

The Senate Committee reviewing the performance of ASIC has recommended a royal commission into the Commonwealth Financial Planning debacle....

Superannuation

ISA ads to continue despite 'bank campaign against them’

ISA claims bank owned super funds ran campaign to remove ads but will continue with them after making changes required by ASIC ...

Policy & Regulation

Call to harmonise advice/tax standards

ASIC, Treasury and the TPB have been urged to ensure the harmonisation of the standards applied to advisers....

Policy & Regulation

'Can you trust ISA on FOFA?’: AFA

Questions are being asked about Industry Super Australia’s integrity after its 'Compare the Pair’ advertising campaign was labelled as potentially misleading by ASIC....

Financial planning

ASIC backs private litigation

Class action cases being taken against financial planning groups are being hailed as “a good thing” by ASIC chair, Greg Medcraft....

Accounting

Accountants need to start talking about SMSF

Accountants are not having the necessary conversations on what is going to happen to their ability to give advice on self-managed super funds (SMSF) after July 2016, an a...

Financial planning

Senate Committee expected to report on ASIC/COMMFP

The Senate Committee reviewing the operations of ASIC is expected to table its final report today....

Financial planning

Custom Wealth Solutions entities enter external administration

Both Custom Wealth Solutions and Custom Wealth Solutions Dealer Services Pty Ltd have entered external administration. ...

Superannuation

ISA wants ASIC audit of orphan commissions

Industry Super Australia has called on ASIC to conduct an audit of orphan commissions. ...

Financial planning

FSI unlikely to create ructions for advice sector

The Financial Service Inquiry is unlikely to drive deep changes to the financial services sector according to an analysis of the 270 submissions made to the inquiry....

Financial planning

ASIC extends fee disclosure deadline

Super funds have received a deadline extension to 1 July 2015 for compliance with fee and cost disclosure requirements....

Superannuation

ASIC cracks down on super websites

The Australian Securities and Investments Commission (ASIC) released guidance for superannuation funds and their trustees on information disclosure on their websites in a...