ASIC bans SMSF adviserTHURSDAY, 21 JUL 2005 9:01AMThe Australian Securities and Investments Commission (ASIC) has moved to shut down a self managed super fund adviser after it was found the adviser had conducted business without an Australian financial services licence (AFSL) and provided misleading advice to consumers about rolling their superannuation entitlements into self managed superannuation funds (SMSF). |
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FSC calls for tougher oversight of advice licensees
The Financial Services Council (FSC) has called for a significant overhaul of ASIC's supervisions of financial advice licensees, arguing stronger regulatory oversight is needed to better protect consumers following recent industry failures.
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Hugh Killen
MANAGING DIRECTOR AND CHIEF EXECUTIVE OFFICER
AUSTRALIAN AGRICULTURAL COMPANY LIMITED
AUSTRALIAN AGRICULTURAL COMPANY LIMITED
For Hugh Killen, several life lessons came from spending time on pastoral properties stretching across northern New South Wales and South-West Queensland.
The Financial Standard podcast Tune in each week as we discuss the latest developments in Australia's wealth management industry. |  |
