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Showing 51 - 60 of 689 results for "Financial products"

Three AFS licensees pinged over compliance breaches

ANDREW MCKEAN  |  WEDNESDAY, 9 APR 2025
... licensees authorised a financial 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 ...

ASIC told to 'end the chaos' of ASX CHESS issues

ELIZA BAVIN  |  FRIDAY, 28 MAR 2025
... intervention powers granted after the Hayne Royal Commission, including step-in powers to block poorly targeted financial products, for which ASIC was praised. "The committee was pleased to see early signs of success from ASIC's use of the new powers ...

New impact fund backs marginalised female entrepreneurs

ANDREW MCKEAN  |  MONDAY, 24 MAR 2025
... added the Australian government supports this model of tackling regional development issues with "innovative financial products," though its International Development Policy and recently announced Indo-Pacific NGO Blended Finance Accelerator. "By investing ...

Tranche 2 of DBFO dumps SOAs, enables 'nudges'

JAMIE WILLIAMSON  |  FRIDAY, 21 MAR 2025
... to collectively charge for advice where it relates to the purchase or disposal of non-super assets or other financial products, holistic financial planning, and estate and tax planning advice. Finally, funds will be able to send targeted prompts to members ...

AFCA opens consultation on financial elder abuse, family violence

KARREN VERGARA  |  WEDNESDAY, 19 MAR 2025
... understanding and responding to family violence. "Dealing with issues arising from joint facilities or jointly owned financial products can be challenging, particularly where there are circumstances of family violence involved or where only one customer ...

Unlawful hawking practices re-emerge in SMSFs

MATTHEW WAI  |  TUESDAY, 11 MAR 2025
... trust in the financial system." Subsequently, the corporate watchdog also introduced similar legislation to financial products in October 2021, opting to provide consumers greater control in making decisions and prevent them being approached by unwanted ...

Government to scrap advisers' approved qualifications list

KARREN VERGARA  |  MONDAY, 10 FEB 2025
... required all relevant providers to be registered before providing personal advice to retail clients about relevant financial products by 16 February 2024. Financial Advice Association Australia's Phil Anderson told Financial Standard last year that ...

Super failures, greenwashing: ASIC's key issues in 2025

ELIZA BAVIN  |  TUESDAY, 28 JAN 2025
... through guidance." The regulator added that it will continue to scrutinise disclosures where entities mispresent financial products or investment strategies as environmentally friendly, sustainable or ethical when they are not.

Sanlam Private Wealth breaches licensee obligations, hit with enforceable undertaking

MATTHEW WAI  |  MONDAY, 6 JAN 2025
... ensure its authorised entities complied with the law and to oversee those who used its licence to offer risky financial products to retail clients, Court said. "Licensees like Sanlam must have robust compliance processes that are fit-for-purpose to ensure ...

Court finds CFD issuers engaged in 'unconscionable conduct'

ELIZA BAVIN  |  MONDAY, 23 DEC 2024
... Many of these customers were "flying blind'" and did not understand the risks involved in these highly complex financial products, ASIC said. In an Australian first, the court also found that USG breached its obligation to ensure that the financial services ...