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Showing 31 - 40 of 79 results for "ASIC Report"

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. ...

Value but no trust in advice: Report

ELIZABETH MCARTHUR  |  MONDAY, 26 AUG 2019
New research from ASIC reveals what consumers really think when it comes to financial advice. The independent research, commissioned by the regulator, found that while consumers can see the value in seeking financial advice, lack of trust in the industry ...

ASIC reveals advice remediation progress

HARRISON WORLEY  |  THURSDAY, 1 AUG 2019
... regulator - the equivalent of more than 810 full-time staff were working away at financial advice remediation relating to ASIC report 515, separate to any other advice review and remediation programs underway at the big banks. Weighing in with the largest ...

AFCA delivers $83 million win

ELIZABETH MCARTHUR  |  MONDAY, 15 JUL 2019
The Australian Financial Complaints Authority has collected over $83 million for consumers and small businesses in just six months. In its first six months of operations, AFCA received over 35,000 complaints and 60% of those have already been resolved. ...

ASIC slams consumer credit failures

HARRISON WORLEY  |  FRIDAY, 12 JUL 2019
... insurance has lambasted the sector for consistently failing consumers in the design and sale of products. According to ASIC report 622, CCI products are being promoted and sold to customers unfairly, and are of a "very low value", revealing consumers ...

University to probe reverse mortgages

KANIKA SOOD  |  TUESDAY, 11 JUN 2019
... test, an online experimental survey to study the role of mental accounting in the demand for reverse mortgages." An ASIC report into the sector last year said reverse mortgages from authorised deposit-taking institutions totaled only $2.5 billion in ...

ASIC extends relief to foreign financial services firms

KARREN VERGARA  |  MONDAY, 24 SEP 2018
... Instrument 2017/182. Separately, ASIC is calling for improvements in the disclosure practices of listed companies. In ASIC Report 593, the corporate regulator found limited climate risk disclosure outside of the top 200 listed companies in Australia. ...

Improve climate risk disclosure: ASIC

HARRISON WORLEY  |  FRIDAY, 21 SEP 2018
... ASIC has called for improvements to the consistency of disclosure practices among Australia's listed companies. In ASIC Report 593, the corporate regulator found limited climate risk disclosure outside of the top-200 listed companies in Australia. ASIC's ...