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Showing 641 - 650 of 5609 results for "ASIC"

Hostplus' AFCA complaint response times lag

ELIZA BAVIN  |  MONDAY, 16 DEC 2024
... for the quarter ending June 30 to resolve the issue. This is compared to the average industry time of 24 days, according to ASIC's 2022 report Snapshot of complaints handling by superannuation trustees. The report also outlined how long the fund takes ...

Crypto operator to fork out millions after court ruling

ANDREW MCKEAN  |  FRIDAY, 13 DEC 2024
... breach of the law. "... Bit Trade's contraventions were serious and motivated by a desire to maximise revenue," he said. ASIC chair Joe Longo said TMDs are fundamental in ensuring that investors aren't inappropriately marketed products that could ...

Danielle Press joins Income Asset Management

JAMIE WILLIAMSON  |  THURSDAY, 12 DEC 2024
Former ASIC commissioner Danielle Press joined Income Asset Management (IAM), as the company launches a bond ETF. Press is joining the board of IAM as a non-executive director, effective today. She was most recently a commissioner at ASIC, and is currently ...

FAAA slams 'underlying issues' in CSLR

ELIZA BAVIN  |  THURSDAY, 12 DEC 2024
... Advisory and URF matter. "Our members were some of the first to raise awareness of some of the problems at Dixon Advisory with ASIC," the submission said. "We encourage the Inquiry to ask these questions of those relevant on behalf of all financial advisers ...

Treasury reappoints 24 members to FSCP

ELIZA BAVIN  |  MONDAY, 9 DEC 2024
... Commission Response - Better Advice) Act 2021 established the FSCP within the Australian Securities and Investments Commission (ASIC) as the single disciplinary body for financial advisers from 1 January 2022. ASIC is responsible for convening individual ...

Adviser exam pass rate improves

MATTHEW WAI  |  MONDAY, 9 DEC 2024
... financial adviser'. Those who were unsuccessful will receive feedback as to the areas of the exam in which they underperformed, ASIC said. The next exam, the 28 th sitting, will be held on 6 March 2025.

South Australian financial adviser slapped with seven-year ban

ANDREW MCKEAN  |  FRIDAY, 6 DEC 2024
South Australian financial adviser Bruce Davis has been banned for seven years by ASIC. Davis, who was the sole director and responsible manager of Wise Investment Advisers, has been barred from providing financial services, controlling an entity that ...

More work to do on reportable situations compliance, ASIC says

JAMIE WILLIAMSON  |  WEDNESDAY, 4 DEC 2024
Licensees are generally slow to report to ASIC because of deficient internal processes and poor monitoring of compliance with the reportable situations regime, a review found. Recent surveillance by ASIC found financial services and credit licensees ...

Trustees, advisers have 'insufficient focus' on performance

ELIZA BAVIN  |  WEDNESDAY, 4 DEC 2024
ASIC commissioner Alan Kirkland had told financial advisers and superannuation trustees that more needs to be done to ensure better retirement outcomes for Australians. It comes after ASIC released its superannuation choice products and their focus ...

Half of advice, super complaints result in no remedy

ELIZA BAVIN  |  WEDNESDAY, 4 DEC 2024
ASIC has released its first publication of industry-wide data reported under the internal dispute resolution (IDR) data reporting framework, flagging concerns firms are not reporting data accurately. Under the IDR framework, most licensed financial ...