HSBC Bank Australia has changed the advertising for its current ‘Let’s Bankercise’ campaign, in response to ASIC concerns that ads promoting a home loan discount were potentially misleading.
Read More ASIC concerns lead to HSBC to change home loan advertising
Elders Insurance has repaid customers approximately $5.3 million as part of a program to rectify underpayments on motor vehicle insurance claims.
Read More Elders Insurance repays customers $5.3 million following underpayment error
The report outlines categories of gatekeepers against whom ASIC has taken action including financial advisers, responsible entities, credit licensees, market participants, directors, company officers, insolvency practitioners and auditors. It includes detailed statistics over a six month period.
Read More ASIC releases first six-monthly enforcement report
ASIC has released the full findings of ‘shadow shopping’ research which examined financial advice given to people to help them plan for retirement.
Read More ASIC releases full report on retirement advice shadow shopping research
An overview of ASIC news and media releases relevant to consumer financial services from December to March 2012. MoneySmart updates, consumer warnings and enforcement activity are all covered.
Read More ASIC overview December – March 2012
ASIC has announced that people who migrated to Australia on humanitarian grounds now have access to multilingual resources to help them learn about Australia’s financial system.
Read More ASIC launches multilingual financial resources
ASIC today announced it is reviewing its regulatory approach to platforms as part of broader efforts to promote investor confidence in the sector.
Read More ASIC wants more rights for investors using platforms
The Australian Securities and Investments Commission (ASIC) has released a statement of its approach to enforcement and other policy documents discussing how it undertakes investigations and enforcement activity.
Read More ASIC publishes approach to enforcement
ASIC has released guidance to help promoters comply with their legal obligations when advertising financial products and services.
Read More ASIC releases guidance on advertising financial products
ASIC today announced measures to help ensure issuers of debt products such as debentures and notes provide investors and financial consumers with the information they need to make informed decisions about investing in these products. These products can be risky.
Read More ASIC warns against investment in retail debt market
ASIC has released a consultation paper to commence its review of external dispute resolution (EDR) jurisdiction over consumer complaints in cases where members have commenced legal proceedings to recover debts from consumers.
Read More ASIC discussion paper: EDR jurisdiction and debt collection proceedings
ASIC has commenced a review of the 2009 change that provides consumers with limited access to EDR in the early stages of debt recovery proceedings.
Read More ASIC to review EDR schemes handling of complaints when companies take legal action