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Showing 261 - 270 of 1365 results for "Australian Securities and Investments Commission"

ASIC demands last resort compensation scheme

LAURA MILLAN  |  MONDAY, 20 OCT 2014
The Australian Securities and Investments Commission (ASIC) has demanded the introduction of a last resort compensation scheme that would provide compensation to victims of failed investments and bad financial advice "where all the other options have ...

Labor considers ban on insurance commissions

LAURA MILLAN  |  TUESDAY, 14 OCT 2014
... platform in response to last week's damning report on life risk advice from the Australian Securities and Investments Commission (ASIC). Speaking at the AFA National Adviser Conference in Cairns, shadow Treasurer Chris Bowen told media that while Labor ...

AFA questions ASIC life report

LAURA MILLAN  |  TUESDAY, 14 OCT 2014
AFA chief executive Brad Fox raised concerns over the methodology of Australian Securities and Investments Commission's (ASIC) report on life insurance advice that was released last week. He told the media that there were questions over the methology ...

BT launches 'ground-breaking' advice register

JAMES FERNYHOUGH  |  TUESDAY, 14 OCT 2014
... The third commitment in this list of nine commitments was 'No hidden fees'. The Australian Securities and Investments Commission (ASIC) last week published a report that expressed concern that some risk advisers were not adequately disclosing their commission-based ...

AFA presents renewed strategy and Narrative

LAURA MILLAN  |  SUNDAY, 12 OCT 2014
... agenda. In addition to FoFA, TASA and the Financial System Inquiry (FSI), the Australian Securities and Investments Commission (ASIC) latest report on insurance advice has put the spotlight on life risk. Fox said that the report was "a targeted piece ...

Upfront commissions linked to bad advice

JAMES FERNYHOUGH  |  FRIDAY, 10 OCT 2014
... be statistically more likely to provide non-compliant advice, according to the Australian Securities and Investments Commission (ASIC). While 80% of the risk advice examined in the study was paid for via upfront commissions, 96% of non-compliant advice ...

One third of risk advisers non-compliant, ASIC says

JAMES FERNYHOUGH  |  THURSDAY, 9 OCT 2014
... advice and ensure that the interests of their clients are given priority, the Australian Securities and Investments Commission (ASIC) has said. ASIC reviewed more than 200 advice files from large, medium and small Australian financial services (AFS) ...

Accountant pays $10,000 fine for $100,000 fraud

LAURA MILLAN  |  FRIDAY, 3 OCT 2014
A former Perth company director will have to pay a $10,000 fine after inducing a 70-year-old investor to give his business a cheque for $100,000 and then using it for his own purposes. Andy Kay Hooi Lim saw his 12 months jail sentence wholly suspended ...

Poor advice forces changes to SMSF practice

LAURA MILLAN  |  THURSDAY, 2 OCT 2014
... Melbourne-based Interprac Financial Planning agreed to address concerns from the Australian Securities and Investments Commission (ASIC) by putting in place a number of changes. The new processes include appointing a compliance expert to review, assess ...

ASIC suspends advice firm for three months

LAURA MILLAN  |  WEDNESDAY, 1 OCT 2014
The Australian Securities and Investments Commission (ASIC) has suspended a boutique financial planning practice for three months after it failed to comply with its compliance obligations. Protect Ensure, with offices in Brisbane and Sydney, has had ...