danielle press

Financial planning

Insignia appoints former ASIC commissioner

Insignia Financial has appointed a former ASIC commissioner and superannuation chief executive as chair of its Trustees business. ...

Policy & Regulation

ASIC’s Press reflects on lessons from commissioner tenure

ASIC commissioner, Danielle Press, has reflected on her five years at the regulator as she steps down from the role....

Policy & Regulation

ASIC welcomes new commissioners

With commissioner Danielle Press to depart ASIC next month, the Treasurer has appointed three new commissioners to the corporate regulator....

Financial planning

Access to advice research unlikely to be disclosed

The outcome of research by the corporate regulator into access into advice is unlikely to be published publicly and will instead form part of the Quality of Advice Review...

Financial planning

ASIC disputes need for external advisory board

The corporate regulator has shut down the idea of an external advisory board including financial advisers and consumer groups as it feels there would be limited value....

Superannuation

Super trustees not proactive with insurance explanations

The Australian Securities and Investments Commission has warned super funds to better explain income protection insurance as it can dwindle super balances for particular ...

Financial planning

ASIC releases ROA guidance and examples

Clarity and certainty has been given around when records of advice can be used instead of a statement of advice....

Financial planning

ASIC waits on ACER contract for adviser exam

The corporate regulator is waiting to finalise its contract with the financial adviser exam facilitator before publishing information about exams to be held next year....

Policy & Regulation

AAT amends Spectrum ban

The Administrative Appeals Tribunal has broadened the corporate regulator’s decision to ban Spectrum Wealth director, Mark Schroeder, from providing financial services....

Policy & Regulation

ASIC affordable advice project on hold due to SDB

Some of the CP 332 ‘Promoting access to affordable advice for consumers’ project has been put on hold as the corporate regulator assesses what funding will be needed for ...

Financial planning

Anti-hawking regime consultation opens

The corporate regulator is seeking consultation on the anti-hawking of financial products regime that commences in October. ...

Financial planning

Former Sydney planner sentenced to six years

New South Wales financial planner, Ross Hopkins, has been sentenced to a maximum period of six years’ imprisonment for 15 dishonesty offences. ...

Financial planning

ASIC confirms monitoring of super advice

The Australian Securities and Investments Commission has confirmed it is closely monitoring the delivery of financial advice by superannuation funds against the terms of ...

Financial planning

Dover and McMaster handed penalty

Dover Financial Advisers have been ordered to pay a $1.2 million penalty for engaging in false or misleading conduct, while Terry McMaster will also be required to pay $2...

Financial planning

Will the Westpac High Court decision change intra-fund advice?

The Australian Securities and Investments Commission’s view on the status of intra-fund advice suggests there are few implications likely to flow from this week’s High Co...