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Regulatory

ASIC seeks to wind up $18m manager

ALEX BURKE  |  WEDNESDAY, 16 SEP 2015
ASIC is seeking court orders to wind up an asset manager with approximately $18.5 million in funds under management.

Turnbull expected to dust off shelved policies

LAURA MILLAN  |  TUESDAY, 15 SEP 2015
The financial services industry sees the leadership change as an opportunity for the government to finally issue its response to the Financial System Inquiry (FSI) report and other policy issues that have remained shelved for months.

ASIC warns super trustees

DARREN SNYDER  |  TUESDAY, 15 SEP 2015
The Australian Securities and Investments Commission (ASIC) has warned superannuation trustees about the promotion of member direct or self-managed investment options.

Mercer handed fine for unlicensed advice in Singapore

MARK SMITH  |  THURSDAY, 10 SEP 2015
The Monetary Authority of Singapore has fined Mercer Singapore S$15,000 ($15,100) for contraventions of the Financial Advisers Act.

Former Madison FG adviser banned

ALEX BURKE  |  TUESDAY, 8 SEP 2015
ASIC has banned a former Madison Financial Group adviser for five-and-a-half years.

Pressure mounts on Cbus in Royal Commission

DARREN SNYDER  |  TUESDAY, 8 SEP 2015
Cbus chief executive David Atkin has until Friday to respond to damning allegations in the Royal Commission into Trade Union Governance and Corruption.

Regulators put super funds on notice

DARREN SNYDER  |  TUESDAY, 8 SEP 2015
The Australian Securities and Investments Commission (ASIC) has flagged new developments in post-retirement as an area it will be monitoring closely.

ASIC warns super funds over transparency requirements

MARK SMITH  |  MONDAY, 7 SEP 2015
A survey of superannuation websites by ASIC has found that some super funds are falling short in their requirement to display certain information on their websites.

ASIC would "rarely" ban products

ALEX BURKE  |  MONDAY, 7 SEP 2015
ASIC would only ban products in "extreme circumstances" if its regulatory powers were expanded as per Financial System Inquiry recommendations, ASIC chair Greg Medcraft said.

FSC, FPA support ASIC user-pay model

ALEX BURKE  |  WEDNESDAY, 2 SEP 2015
Both the Financial Services Council and Financial Planning Association of Australia have voiced their support for an industry funding model for ASIC.