Search ResultsShowing 31 - 40 of 76 results for "Regulatory Guide 97"
Fears of increased compliance costs misguided
JAMIE WILLIAMSON  |  THURSDAY, 8 SEP 2016
A financial services technology firm says transparent risk and governance measures have always been fundamental to the delivery of 'true' digital financial advice. Decimal believes compliance should already be at the core of robo-advice platforms utilised ...
ASIC consults on robo regulation
ALEX BURKE  |  MONDAY, 21 MAR 2016
ASIC has released a draft regulatory guide and consultation paper for the robo-advice sector. The guide addresses industry concerns about and expectations for digital advice. It suggests robo-advice providers must hold an Australian financial services ...
ASIC spots PI insurance gaps
ALEX BURKE  |  TUESDAY, 15 DEC 2015
ASIC has completed its review of the professional indemnity insurance market for advisers in the eight months to June 2015. The report said the market is "stable and generally available," but there are gaps "between what ASIC expects and some of the ...
New super transparency rules spark controversy
LAURA MILLAN  |  WEDNESDAY, 25 NOV 2015
ASIC's updated fee and cost disclosure requirements for superannuation funds have sparked controversy among industry stakeholders. The regulator released Regulatory Guide 97 Disclosing fees and costs in PDSs and periodic statements, which includes a ...
ASIC financial services enforcements down 10%
ALEX BURKE  |  THURSDAY, 6 AUG 2015
ASIC's actions against the financial services industry have decreased by 10% in the first half of 2015, from 90 in the previous six months to 81. Referencing the compensation programs underway at Macquarie and CBA, ASIC noted in its half-yearly enforcement ...
Advice firm pays penalty for misleading claims
MARK SMITH  |  TUESDAY, 21 JUL 2015
Sydney advice boutique Omniwealth Services has paid a $10,200 penalty for making misleading advertising claims on its website. On a page explaining the advantages of investing in property via a self-managed super fund (SMSF), Omniwealth compared the ...
FEATURE: Adviser education
FINANCIAL STANDARD  |  MONDAY, 25 MAY 2015
With minimum education standards surely now set to rise in the financial planning industry, the Financial Standard team has asked experts to outline what the new rules might look like and the possible routes advisers can take. What qualities will the ...
ASIC developing regulatory guide for advice remediation
ALEX BURKE  |  WEDNESDAY, 6 MAY 2015
ASIC has announced it is developing a regulatory guide for advice remediation programs for Australian financial services licensees. The regulator has participated in numerous advice review programs for major financial advice institutions, most notably ...
ASIC takes SMSF business to court
MARK SMITH  |  MONDAY, 4 MAY 2015
ASIC has launched legal action against a company which is advertising 'free SMSF setup' online. The regulator wants financial penalties and orders to stop Superannuation Warehouse Australia (SWA) from making the claim on two of its websites: superannuationwarehouse.com.au ...
ASX managed funds services gets ASIC nod
JAMES FERNYHOUGH  |  MONDAY, 13 JAN 2014
The Australian Securities Exchange (ASX) has cleared the most significant hurdle on the road to its 'mFund Settlement Service' - the third incarnation of AQUA II - after the Australian Securities and Investment Commission (ASIC) gave it the go-ahead. ...
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