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Showing 471 - 480 of 5208 results for "2015-16 ASIC"

Webull launches SMSF account offering

ANDREW MCKEAN  |  MONDAY, 14 APR 2025
... But whether greater control benefits younger investors, typically with lower balances, remains open to question. In 2019, ASIC cautioned that many Australians were establishing SMSFs that were unsuitable for their circumstances, particularly those with ...

Falcon Capital, First Guardian fund to be wound up

MATTHEW WAI  |  FRIDAY, 11 APR 2025
... Some investors received advice to set up self-managed superannuation funds (SMSFs) to facilitate investments into the fund. ASIC alleged that investors were misled into assets that differ from what was disclosed at the time of making their investment ...

Michael Dwyer joins impact fund board

ELIZABETH FRY  |  THURSDAY, 10 APR 2025
HOPE Housing has welcomed industry veteran Michael Dwyer as its inaugural chairperson reflecting the impact fund's growing maturity and track record. Dwyer has served as an advisor to HOPE since the start of the fund that co-invests in home loans ...

Paying more fees doesn't speed up superannuation death benefit payouts

ANDREW MCKEAN  |  THURSDAY, 10 APR 2025
Paying higher superannuation fees doesn't equate to getting death benefits paid out faster, according to research by Super Consumers Australia (SCA). In the wake of a review by ASIC into death benefit claims handling practices of superannuation trustees ...

ASIC asks for input on reportable situations, IDR dashboards

JAMIE WILLIAMSON  |  THURSDAY, 10 APR 2025
... track firm-level reportable situations and internal dispute resolution (IDR) data to push financial firms to lift their game. ASIC is consulting on plans to publish dashboards containing firm-level reportable situations and IDR data later this year. ...

Three AFS licensees pinged over compliance breaches

ANDREW MCKEAN  |  WEDNESDAY, 9 APR 2025
... adviser, who gave personal advice to a retail client in relation to "relevant financial products" without being registered. ASIC said registration requirements are an "important consumer protection" because it confirms AFS licensees have assessed whether ...

Cyberattacks on super funds expose 'critical vulnerability'

ANDREW MCKEAN  |  MONDAY, 7 APR 2025
The spate of cyberattacks targeting major Australian superannuation funds has laid bare a "critical vulnerability" in the sector's defences, according to financial services cybersecurity consultancy firm Software@Scale. The attacks, which have so ...

UGC's AFCA membership to cease

KARREN VERGARA  |  MONDAY, 7 APR 2025
... which Joel Hewish, the sole director of UGC, had interests in. He has been banned from working in the industry for 10 years. ASIC has since made interim stop orders and cancelled UGC's AFS Licence (AFSL). In cancelling UGC's licence, ASIC required ...

Adviser exam pass rate declines

MATTHEW WAI  |  MONDAY, 7 APR 2025
ASIC has released the results of the 28 th Financial Adviser Exam, held on March 6. Of the 241 candidates to sit the exam, 177 passed, representing 73.4% of the cohort. Of those 241 candidates, 175 (72.6%) sat the exam for the first time. The pass rate ...

ASIC tiptoes around private markets intervention

KARREN VERGARA  |  WEDNESDAY, 2 APR 2025
ASIC chair Joe Longo is keeping all options open before the corporate watchdog is forced to intervene in the private markets, he told the Australian Council of Superannuation Investors (ACSI) this morning. Longo said ASIC is prepared to engage with ...