Search ResultsShowing 1 - 10 of 100+ results for "ASIC"
Support staff should meet FASEA standards
ELIZABETH MCARTHUR  |  FRIDAY, 20 SEP 2019
... apply to advice. When it comes to life insurance advice, Ashenden explained Commissioner Kenneth Hayne's recommendation that ASIC is due to review life insurance advice in 2021 and the regulator should conduct that review. Hayne wanted ASIC to see whether ...
ASIC super specialist joins AIST
JAMIE WILLIAMSON  |  WEDNESDAY, 18 SEP 2019
The Australian Institute of Superannuation Trustees has hired from ASIC to fill the role of head of advocacy as the incumbent joins a $53 billion industry fund. AIST has confirmed the appointment of Melissa Birks as its new head of advocacy, joining ...
Australia investor friendly, not consumer friendly: Report
ELIZA BAVIN  |  WEDNESDAY, 18 SEP 2019
... Australian Securities and Investments Commission have signaled it is looking into fees charged to consumers for financial advice. ASIC is looking into the "reasonableness" of fees and is looking to impose a consistent approach to advice fees across the ...
Major super funds caught in fraud scandal
ELIZA BAVIN, JAMIE WILLIAMSON  |  WEDNESDAY, 18 SEP 2019
... Club Plus. The brokers involved have been reported to be CMC Markets, IG Markets and CommSec. Australian Federal Police and ASIC conducted investigations into the syndicate's activities for over a year. Working as part of a syndicate, ASIC believes ...
Licensee faces hefty remediation bill
ELIZABETH MCARTHUR  |  WEDNESDAY, 18 SEP 2019
... ClearView's review and remediation program for over 200 clients who received poor life insurance advice resulted in the figure. ASIC said ClearView's compliance review saw ClearView look at 4,269 advice files from 279 ClearView advisers. As a ...
One regulatory regime enough: FSC
HARRISON WORLEY  |  FRIDAY, 13 SEP 2019
... advisers adhere to overlapping regimes at an unnecessary cost. According to the FSC, tax financial advice should be overseen by ASIC as laid out in the second option for the regulation of tax advice in the review's discussion paper, removing the need ...
Expert hopeful ASIC understands MDA benefits
HARRISON WORLEY  |  THURSDAY, 12 SEP 2019
The future of managed discretionary accounts and the role of ASIC in shaping that future emerged as a point of discussion during a panel session at Financial Standard's recent Managed Account Forum. Asking Philo Capital Advisers chief executive ...
ASIC prepares to be primary super conduct regulator
ELIZABETH MCARTHUR  |  THURSDAY, 12 SEP 2019
ASIC commissioner Sean Hughes has made it clear the regulator is already positioning itself to be the primary conduct regulator in superannuation. Speaking at a Risk Management Association Australia event yesterday, Hughes said ASIC's role in regulating ...
Senate creates committee on fintech, regtech
KRISTI CHENG  |  THURSDAY, 12 SEP 2019
... After May's Federal election, the government named Senator Jane Hume as its first minister for financial technology. ASIC is supporting development of regtech with its Innovation Hub, which offers informal assistance to eligible Australian regtech ...
Consultation opens on new ASIC powers
ELIZABETH MCARTHUR  |  WEDNESDAY, 11 SEP 2019
Treasury has released draft legislation on enhancing ASIC's powers, including allowing the regulator to tap the phones of those under investigation. The new legislation follows on from the ASIC Enforcement Review Taskforce which made a number of recommendations ...
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