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Showing 21 - 30 of 76 results for "ASIC Report"

Queensland bans Dollarmites

KARREN VERGARA  |  TUESDAY, 27 APR 2021
... Bendigo Bank also operated a school-banking program in Queensland but withdrew its program prior to the release of the ASIC report. Victoria banned the program at the start of 2021, replacing it with new teaching resources and tips for students on taxation ...

Insurance in super is confusing: Consumers

JAMIE WILLIAMSON  |  FRIDAY, 20 NOV 2020
... and overwhelmed by the information provided and upset they cannot get guidance specific to their circumstances, an ASIC report shows. A third of unadvised superannuation fund members participating in ASIC's research into member experience when making ...

Crennan nabs new gig

ELIZABETH MCARTHUR  |  WEDNESDAY, 11 NOV 2020
... deputy chair Daniel Crennan has a new role with an advisory firm and boutique investment bank, which was named in an ASIC report in 2019. Crennan resigned from the corporate regulator just two weeks ago, following revelations that he was paid relocation ...

Advice remediation tops $1bn

ELIZABETH MCARTHUR  |  MONDAY, 24 AUG 2020
... advice, according to ASIC. ASIC said the $1.05 billion figure had been reached at 30 June 2020. The payments relate to ASIC report 499 Financial advice: Fees for no service and ASIC report 515 Financial advice: Review of how large institutions oversee ...

ASIC refuses just 3% of AFSL relief applications

HARRISON WORLEY  |  WEDNESDAY, 24 JUN 2020
... Outlining the regulator's relief application decisions in the six month period between October 2019 and March 2020, ASIC report 664 reveals most AFS licensing relief applications were approved as COVID-19 began to impact the financial services industry. ...

Super advocate takes FSC to task over TPD tests

HARRISON WORLEY  |  THURSDAY, 21 MAY 2020
... acknowledgement that TPD cover is inappropriate for unemployed people and those working limited hours, pointing to ASIC report 633 released in October 2019, which revealed significant industry-wide problems with the design and claims handling process ...

FPA advocates for reduced pension minimums

HARRISON WORLEY  |  FRIDAY, 20 MAR 2020
... submission recommends the review consider several research reports on consumer's views about advice, including ASIC Report 627, CoreData analysis produced for MLC Wealth, and reports by global investment managers Vanguard and Fidelity International. ...

SMSFs not for everybody: ASIC

HARRISON WORLEY  |  MONDAY, 14 OCT 2019
... meet the significant time, costs, risks and obligations associated with establishing and running one." Pointing to ASIC report 575 on the quality of advice and member experiences in SMSFs, Press said members with low balances and a limited ability to ...

Get on top of non-financial risk: ASIC

HARRISON WORLEY  |  WEDNESDAY, 2 OCT 2019
A new ASIC report reveals company boards need to apply more focus and urgency to non-financial risk. ASIC's Director and officer oversight of non-financial risk report shows company management operates outside of board-approved risk appetites for ...

REP 515 divides advice community

ELIZABETH MCARTHUR  |  WEDNESDAY, 28 AUG 2019
... legislators to consider how changes to legislation might impact the cost of financial services for the average Australia. An ASIC report from May last year said that reforms to the financial advice industry would result in advice becoming more expensive. ...