New superannuation centre to boost consumer advocacy
CFA welcomes an innovative funding model that ensure the new Centre can advocate fearlessly.
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Investment
ASIC consults on FOFA conflicted remuneration provisions
FOFA reforms are intended to better align the interests of financial advisers and their retail clients.
Read More ASIC consults on FOFA conflicted remuneration provisions
Draft guidance on financial advice reforms
ASIC consults on two aspects of the Future of Financial Advice reforms – scaled advice and the best interests duty.
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Investment fund ‘custodians’ in the spotlight
ASIC urges custodial services to do a better job protecting superannuation and other investors from misconduct
Read More Investment fund ‘custodians’ in the spotlight
New warning: Serious investment fraud
A new and sophisticated type of organised investment fraud is actively targeting the savings of Australians.
Read More New warning: Serious investment fraud
Could peer-to-peer lending challenge banks?
Peer-to-peer lending has the potential to replace banking, but the concept faces a number of challenges.
Read More Could peer-to-peer lending challenge banks?
New Type of Financial Services Licence
The new financial services licence will see up to 10,000 more licensed advisors.
Read More New Type of Financial Services Licence
ASIC funding for financial advice reforms
As part of a larger package ASIC will receive $23.9 million over four years to facilitate the implementation and enforcement of the Future of Financial Advice reforms.
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ASIC releases first six-monthly enforcement report
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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.
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ASIC releases full report on retirement advice shadow shopping research
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
ASIC releases guidance on advertising financial products
Peter Kell
ASIC has released guidance to help promoters comply with their legal obligations when advertising financial products and services.
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ASIC warns against investment in retail debt market
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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.
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