australian securities and investments commission

AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION

Financial planning

DII products do not work well for chronic conditions

Disability income insurance products and the way they have been designed do not work well for prolonged periods of disability or chronic conditions, according to the anal...

Policy & Regulation

Hume references central adviser disciplinary body

Financial planning organisations are seeking clarity from the Government on how its proposed new central disciplinary body for financial advisers will work and how much i...

Policy & Regulation

Platinum Perpetual Global Private Wealth AFSL cancelled after police charges

Platinum Perpetual Globe Private Wealth has lost its Australian financial services licence after charges brought by Western Australian police....

Financial planning

AFA warns ASIC on inadvertent adviser anti-hawking impacts

Financial advisers should not be inadvertently caught up in the Australian Securities and Investments Commission’s tough new life/risk anti-hawking approach just because ...

Financial planning

Advice businesses who went down owing AFCA

Many of the financial advice businesses named by the Australian Financial Complaints Authority as having failed to pay complaint-related charges are already out of busine...

Financial planning

Suncorp pays $1.4m in compensation

Following a remediation program Suncorp has compensated 4,000 GuardianFP clients....

Policy & Regulation

APRA foreshadows getting ‘constructively tough’

The Australian Prudential Regulation Authority has signalled its intention to emulate the Australian Securities and Investments Commission by more frequently publishing t...

Policy & Regulation

Have licensees been clearing out their breach skeletons?

The Australian Securities and Investments Commission has speculated that a 50% increase in breach reporting may be the result of licensees clearing the skeletons out of t...

Financial planning

Proposed Code Monitoring Authority will be ready to roll

The Code Monitoring Authority established by the major financial planning associations will be ready to roll if, and when, it gains sign-off from the Australian Securitie...

Policy & Regulation

ASIC flags criminal prosecutions

The Australian Securities and Investments Commission has signalled it will make an example of wrong-doers while suggesting that misconduct by some major financial institu...

Superannuation

Super members need advice but not willing to pay high price

One-in-seven employed people are likely to require financial advice each year but are not willing to pay more than $500....

Financial planning

ASIC outlines crackdown on super advice

The Australian Securities and Investments Commission has signalled a tougher and more targeted approach to advice within superannuation....

Financial planning

Are intra-fund advisers really tied agents?

A financial planning principal has questioned whether salaried advisers employed by industry funds to provide intra-fund advice are really just a modern version of the ol...

Financial planning

Institution size a consideration

Australians have a sense of security when they seek financial advice from larger institutions and advisers should consider this if looking to move to smaller licensees, w...