enforceable undertaking

Financial planning

ASIC cites planner actions as vindication of its effectiveness

ASIC uses examples of its actions against financial planners and others to defend its record. ...

Financial planning

Spring Financial Group enters EU

ASIC announces EU for Spring Financial Group ahead of Federal Court proceedings against an AR....

Financial planning

Melbourne adviser accepts enforceable undertaking for non-consent transfers

Adviser required to give up authorised representative status...

Financial planning

Get an A+ for your next licensee compliance audit

Paul Derham draws on extensive recent research to provides tips to help financial planners sail through their next licensee compliance audit. ...

Financial planning

Senate inquiry into ASIC drives up workload

Submissions to the Senate inquiry into ASIC are revealing a wide range of complaints against not only the regulator but banks and insurers....

Financial planning

Former Opes Prime director found not guilty

Former Opes Prime Stockbroking director Julian Smith has been found not guilty of dishonestly breaching his duties as director in the Victorian Supreme Court. ...

Financial planning

WealthSure rolls out new plan in light of EU

Following a run-in with ASIC and a departure of its co-founder and managing director Darren Pawski, troubled dealer group WealthSure has rolled out a new strategy to buil...

Financial planning

WealthSure gets EU, Pawski steps down

ASIC has accepted an enforceable undertaking from WA-based dealer group WealthSure, with former CEO Darren Pawski banned from the industry....

Financial planning

ASIC claims ‘long-standing’ concerns on planning

ASIC claims it had concerns about the quality of financial advice being delivered in Australia before the collapse of Storm and the Commonwealth FP enforceable undertakin...

Financial planning

Lender enters into EU over interest rate errors

Fair Loans Foundation has entered into an enforceable undertaking under which it will refund 864 consumers around $157,000 in overcharged interest. ...

Financial planning

PriceWaterhouseCoopers to monitor PIS compliance

PriceWaterhouseCoopers will monitor the way PIS gives financial advice for the next nine months to ensure the group meets the standards set out in its Enforceable Underta...

Financial planning

PIS to be monitored on compliance

An independent expert will monitor the way PIS gives financial advice for the next nine months to ensure the group meets the standards set out in the Enforceable Undertak...

Financial planning

ASIC only successful after damage is done

The chairman of the Senate Committee reviewing ASIC laments that its greatest successes appear to have occurred after the damage has already been done....

Editorial

Commonwealth Financial Planning saga reflects badly on all

When Commonwealth Financial Planning was subjected to an enforceable undertaking imposed by ASIC in 2011, it was the subject of a good deal of media coverage in Money Man...