australian securities and investments commission

AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION

Financial planning

Adviser given investment commissions banned

ASIC said Kyle Marshall did not understanding the meaning of personal advice and did not act in his clients’ best interest....

Policy & Regulation

If they don’t ask, don’t try and sell says AFCA

The Australian Financial Complaints Authority has called for a radical escalation of the proposed prohibition on unsolicited telephone sales, urging a ban on all unsolici...

Policy & Regulation

ASIC/APRA/ATO need to be audited on value for money

The major financial services regulators need to be comprehensively audited to ensure they are actually delivering value for money in the work that they do reflecting the ...

Financial planning

Are advisers able to satisfy client needs for aged care?

There is a strong demand for aged care advice, according to a recent Australia Securities and Investments survey tracking consumer demands, calling into question if advis...

Financial planning

ASIC dismantles online fraud syndicate

The Australian Securities and Investments Commission has announced the dismantle of an online fraud syndicate which resulted in alleged thefts from superannuation and sha...

Financial planning

How ASIC ran out of pages to explain grandfathering fall-out

The Australian Securities and Investments Commission chairman, James Shipton, has claimed the regulator simply didn’t have enough pages to explain the implications of end...

Financial planning

Grandfathering – ASIC relied on sample-based data

The Australian Securities and Investments Commission has admitted that its earlier pronouncements on ending grandfathered commissions was based on sample-sized data....

Financial planning

ASIC looks to super funds as advice providers

The Australian Securities and Investments Commission has acknowledged the likelihood of an advice gap, particularly for lower income earners, but is looking to superannua...

Policy & Regulation

ASIC flags RC criminal charges

The Australian Securities and Investments Commission has flagged that there are at least two matters emanating from the Royal Commission which may result in criminal char...

Policy & Regulation

Super funds also exposed to ASIC search warrant powers

Superannuation funds will also be exposed to the Australian Securities and Investments Commission’s enhanced search warrant powers according to the explanatory materials ...

Policy & Regulation

Govt canvasses giving ASIC search warrant and phone tapping powers

The Federal Government has tabled exposure draft legislation which would give the Australian Securities and Investments Commission phone tapping and search warrant powers...

People & Products

Herbert Smith Freehills appoints super expert

Ruth Stringer has been appointed by Herbert Smith Freehills to its Australian financial services team in Sydney....

Policy & Regulation

ASIC launches Federal Court action on life telephone sales

The Australian Securities and Investments Commission has launched civil action in the Federal Court over the telephone sale of life insurance which saw sales agents offer...

Features

InFocus: Ending grandfathering – who really wins?

Mike Taylor writes that in the absence of a definitive methodology for ensuring clients are rebated the grandfathered remuneration which would otherwise have gone to fina...

Financial planning

AFA advocacy pack urges a slow-down

Financial advisers have been provided with an advocacy pack aimed at convincing politicians to slow-down the rate of change being imposed on the financial planning indust...