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Showing 11 - 20 of 4118 results for "Conduct"

FSCP bans adviser over client advice failures

VINNY VUCAGO  |  MONDAY, 20 JUL 2026
... impact in two clients' retirement savings justified a registration prohibition order. The FSCP, which considers adviser conduct matters referred by ASIC has the power to impose registration sanctions under the Corporations Act. Its decision has been ...

Super funds fail customer service test: SCA

KARREN VERGARA  |  TUESDAY, 14 JUL 2026
Superannuation funds are apathetic, dismissive and continue to fail members at the most basic service level, a new investigation from Super Consumers Australia (SCA) reveals, which slapped the industry with an overall failing grade on customer satisfaction. ...

Federal Court lifts Merhi's travel ban

KARREN VERGARA  |  MONDAY, 13 JUL 2026
... July 2025 amid ASIC expanding its investigation into the former financial adviser, alleging he engaged in unconscionable conduct, failed to act in clients' best interests, gave conflicted advice, and issued defective statements of advice while receiving ...

ASFA makes suggestions for performance test overhaul

VINNY VUCAGO  |  THURSDAY, 9 JUL 2026
The Association of Superannuation Funds of Australia (ASFA) has called for the federal governments annual superannuation performance test to be modernised, arguing the current framework is discouraging long-term investment assets such as housing, infrastructure ...

Retirement confidence slides in Australia

VINNY VUCAGO  |  MONDAY, 6 JUL 2026
Australians are feeling less confident about retirement, with retiree confidence and pre-retirement preparedness falling sharply over the past six months. New research from Brighter Super found cost-of-living pressures, market volatility and global ...

ASIC cancels AFSL of Capital Guard over fake bond sale

ELIZA BAVIN  |  FRIDAY, 3 JUL 2026
... cancelled the Australian Financial Services Licence (AFSL) of Capital Guard after finding that it had engaged in dishonest conduct, including the selling of a fake bond and providing false documents to its auditor. ASIC said the licence was cancelled ...

ASIC makes first move since putting private credit on notice

MATTHEW WAI  |  FRIDAY, 3 JUL 2026
The market watchdog has made interim stop orders against two products operated by Stratfund, suspecting deficiencies in the target market determinations (TMD) for both products. Offered under the Australian Fixed Income Fund, the products in question ...

Tribunal shortens financial adviser's five-year ban

KARREN VERGARA  |  WEDNESDAY, 1 JUL 2026
... decision arguably created a misalignment between individual accountability and the systematic failures that enabled the conduct. The consent outcome corrects that misalignment," Chapman said, adding the case raises broader questions about proportionality ...

WA director admits investor deception

VINNY VUCAGO  |  TUESDAY, 30 JUN 2026
... of the Corporations Act 2001. Each offence carries a maximum penalty of 15 years' imprisonment. The charges related to conduct between 13 March 2019 and 1 November 2023, during which Bowden allegedly raised more than $1.5 million from investors after ...

Mercer Super fined $10.3m for reportable situations failures

KARREN VERGARA  |  MONDAY, 29 JUN 2026
... penalty and will not be taken from the super fund or its members. ASIC chair Sarah Court said the systemic deficiencies and conduct identified were inappropriate for a superannuation trustee of Mercer Super's size and market position. "These failures ...