Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 511 - 520 of 5208 results for "2015-16 ASIC"

Platinum staffers join Merlon Capital

ELIZABETH FRY  |  THURSDAY, 20 FEB 2025
Merlon Capital Partners has hired two investment specialists from Platinum Asset Management and invited former AMP chief Andrew Mohl to join a new advisory board. Julian McCormack and Kirit Hira have joined the investment team as portfolio managers. ...

Bragg accuses ASIC of secrecy

ELIZA BAVIN  |  THURSDAY, 20 FEB 2025
... practices that we're taking a range of actions and steps in regard of that." In late 2024 and throughout 2025 so far, ASIC has made several appeals to superannuation trustees to rectify poor claims handling practices. In November 2024, ASIC wrote ...

Convicted adviser fails to appeal prison sentence

MATTHEW WAI  |  THURSDAY, 20 FEB 2025
... company without adequately advising his client that he was the sole director, and he had a personal interest in that company, ASIC noted. Grimm also failed to advise his client that ASIC had sought the winding up of entities related to him, including ...

ASIC proposes further breach reporting relief

ANDREW MCKEAN  |  WEDNESDAY, 19 FEB 2025
ASIC is proposing additional relief for financial services businesses, which would scrap the need to report minor or technical breaches that don't result in a financial loss. The relief is intended to ease the compliance load on financial services ...

Industry fund insurance bungle adds fuel to mounting outrage

ANDREW MCKEAN  |  THURSDAY, 13 FEB 2025
Rest is the latest fund to botch its handling of insurance - this time for incorrectly charging uninsured members for coverage - adding to a growing pile of industry failures. Rest's mishandling comes as other major superannuation funds have been caught ...

ASIC updates on SMSF advice review

ELIZA BAVIN  |  THURSDAY, 13 FEB 2025
... to set up an SMSF, even though an SMSF may not be suitable for them and may adversely affect their retirement outcomes," ASIC said. The last review in thematic SMSF advice was released in June 2018, and ASIC said this project follows on from what it ...

FSCP deregisters adviser for two years

KARREN VERGARA  |  WEDNESDAY, 12 FEB 2025
... between August 2011 and 10 February 2025. Prior to that, he was an adviser at APS Melb and Professional Investment Services. ASIC has flagged that it will crack down on bad SMSF advice, particularly where it relates to their set up. "We're also reviewing ...

Treasury consults on genetic test ban in life insurance

JAMIE WILLIAMSON  |  WEDNESDAY, 12 FEB 2025
The industry can now provide feedback on the proposed ban on the use of adverse genetic test results in life insurance, with Treasury commencing consultation today. Treasury has opened consultation on the complete ban, which was announced in September ...

Jones flags drafting of Tranche 2 legislation

KARREN VERGARA  |  TUESDAY, 11 FEB 2025
... on those existing financial advisers who are striving to meet the education standard by the deadline of 1 January 2026." ASIC commissioner Alan Kirkland, who also spoke at the event, said one of ASIC's key priorities this year is to curb financial advice ...

Government to scrap advisers' approved qualifications list

KARREN VERGARA  |  MONDAY, 10 FEB 2025
The federal government is backtracking on one key financial adviser education requirement by scrapping the list of approved qualifications and proposing to allow any bachelor's degree or higher. Assistant treasurer Stephen Jones this morning announced ...