Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW
Search ResultsShowing 1 - 10 of 100+ results for "ASIC"
AMP should stop whining: Slater and Gordon
ELIZABETH MCARTHUR  |  THURSDAY, 2 JUL 2020
... superannuation customers for life insurance, knowing there was no longer any life to insure. Then they were accused of lying to the ASIC. And this was just the tip of the iceberg," Hardwick said. "However, Mr De Ferrari's whining has actually done ...
Foreign exchange broker banned
ALLY SELBY  |  TUESDAY, 30 JUN 2020
ASIC has banned a former foreign exchange broker from the industry for three years, after it was found he was not fit to provide financial services and had not complied with related laws. Steven Marsh, a former employee of Forex Capital Trading, engaged ...
AFA, FPA share bleak view of industry
ELIZABETH MCARTHUR  |  TUESDAY, 30 JUN 2020
... austere views of the financial advice industry. AFA general manager, policy and professionalism Phil Anderson said that the ASIC Financial Adviser Register had dropped by 6000 advisers in the last 18 months. Liberal MP Craig Kelly brought up the drop ...
Super fund members compensated
JAMIE WILLIAMSON  |  FRIDAY, 26 JUN 2020
... statement to Financial Standard, Aon Australia said: "In March 2018, Aon Hewitt Financial Advice (AHFA) voluntarily notified ASIC of suspected breaches of the Corporations Act by two of its third party authorised representatives out of a network of 185 ...
Robo users double down during COVID-19
ELIZABETH MCARTHUR  |  FRIDAY, 26 JUN 2020
... maybe nervous, about volatility. But by April, users were logging in 7% less than they did in February. This comes after ASIC issued a warning to retail investors after brokers saw a huge increase in day trading during the COVID-19 volatility, with many ...
Calls to investigate treatment of AMP advisers
ELIZABETH MCARTHUR  |  FRIDAY, 26 JUN 2020
ASIC has come under pressure from a Senator to look into AMP's treatment of financial advisers, including reducing the value of its Buyer of Last Resort (BOLR) agreements. Labor senator for NSW Deborah O'Neill has written to ASIC chair James Shipton ...
Crypto investment opportunities outright scams: ASIC
ALLY SELBY  |  THURSDAY, 25 JUN 2020
ASIC has reported an increase in investment scams during the COVID-19 pandemic, with most cryptocurrency "opportunities" in particular panning out to be outright scams. The corporate watchdog saw a 20% increase in scam reports from March to May this ...
ASIC refuses just 3% of AFSL relief applications
HARRISON WORLEY  |  WEDNESDAY, 24 JUN 2020
... intensify. Outlining the regulator's relief application decisions in the six month period between October 2019 and March 2020, ASIC report 664 reveals most AFS licensing relief applications were approved as COVID-19 began to impact the financial services ...
New fund launches on ASX
ELIZA BAVIN  |  WEDNESDAY, 24 JUN 2020
... are committed to very long-term investment alongside our investors in our own strategies." The funds PDS was lodged with ASIC mid-May this year and initial offers closed at the start of June. The fund aims to provide investors with long term capital ...
Super funds face fresh data requirements
ALLY SELBY  |  WEDNESDAY, 24 JUN 2020
... surrounding ERS, set to provide better analysis of the demographics impacted by the pandemic. It will also provide APRA and ASIC with monthly data on complaints, as well as any cancelled insurance or claim activity. The regulator said the PDC would give ...
PREVIOUS
NEXT
Link to something Yh2pigMR