Senate Economics Committee

Financial planning

Advisers given 5 weeks to submit to Dixon inquiry

The final terms of reference for the Dixon Advisory inquiry have been released by the Senate economics references committee, and advisers have just over five weeks to mak...

Financial planning

‘Unnecessary’ for ASIC to interview Dixon advisers

ASIC has confirmed it was “unnecessary” for the regulator to intensively interview Dixon Advisory advisers about the problems at the firm....

Financial planning

What does Bragg’s final ASIC inquiry report recommend?

Senator Andrew Bragg has released the final report of the ASIC inquiry, making 11 recommendations as to how the corporate regulator can be improved....

Financial planning

Senate inquiry to assess retirement options

The Senate Economics Reference Committee has referred an inquiry into improving the Australian retirement system including insurance options, financial advice and product...

Financial planning

Why did ASIC ignore complaints about $180m Ponzi scheme?

ASIC has been rapped for ignoring multiple tip-offs about the $180 million Courtenay House Ponzi scheme, waiting four years to take regulatory action. ...

Policy & Regulation

ASIC reject claims of undermining inquiry

ASIC has unequivocally rejected claims that it tried to undermine a Senate inquiry by requesting public interest immunity for certain questions....

Policy & Regulation

ASIC faces Senate grilling, deputy chair holds ground

A Senate committee has called into question ASIC deputy chair Karen Chester's capacity to serve amid “mixed” evidence presented to a Senate committee regarding alleged m...

Funds management

ASIC acted with ‘lack of concern’ towards Sterling: Senate

The final report into Sterling Income Trust has concluded the regulator displayed a “lack of concern” and its failure to take proactive action mean it is unlikely regulat...

Financial planning

Banks’ wealth exits haven't ended product promoting

Some of the major banks may have exited their wealth businesses but that has just meant that bank staff are now promoting the financial services products of the companies...

Superannuation

13 super funds head for the exit

Thirteen superannuation funds have been confirmed as exiting the industry under pressure from the Australian Prudential Regulation Authority....

Superannuation

SG miscreants hiding behind shield of privacy

The Senate Economics Committee has been told billions of dollars is being lost to super fund members by miscreant employers ready to hide behind the shield of privacy....