storm financial

Financial planning

Will proactive regulation lead to ASIC litigation?

A roundtable is warned that ASIC runs the risk of being sued if it tries to head off trouble in the financial services industry before it occurs....

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....

Editorial

No substitute for face-to-face

While a recent Money Management/Association of Financial Advisers thought leadership breakfast traversed the manner in which FOFA has accelerated the penetration of techn...

Financial planning

Firm slams appeal decision in Storm case

ASIC’s successful appeal against the $82.5 million settlement between former Storm Financial investors and Macquarie Bank is a “serious blow to direct consumer action”, a...

Financial planning

ASIC wins appeal in Storm settlement

The Federal Court has deemed unfair the $82.5 million settlement between Storm Financial investors and Macquarie Bank. ...

Financial planning

ASIC’s Storm Financial intervention prompts outcry from lawyers

A recent Storm Financial settlement caused quite a bit of controversy and resulted in an appeal from the regulator. Milana Pokrajac finds many in the legal community deem...

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...

Editorial

Bushby provides a FOFA reality check

Tasmanian Liberal Senator, David Bushby, who is chairing the Senate Committee reviewing ASIC, made a very good point when he said that nothing in the FOFA changes will pr...

Financial planning

Commonwealth Financial Planning: from bad apple to shining star?

While recent media reports have painted a less than flattering picture of its former culture, it is important to recognise that Commonwealth Financial Planning has come a...

Editorial

Financial services deliver windfall to law firms

Due to the wave of change ripping through the financial services industry, law firms specialising in this sector will be fighting for your business. Leanne Mezrani points...

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...

Editorial

Keeping politics out of financial services

Despite the Parliament having risen for the winter recess, and probably for the last time before a Federal election, it will nonetheless be difficult to keep politics out...