Page 14 - Danielle Press News Today

Product manufacturers are targeting advice channels to the retail market, citing a growing disparity between client interest and a lack of adviser know-how in the burgeoning sector. Despite the challenges, ASIC is doing its best to keep up.

The Single Disciplinary Body era began on 1 January, yet the industry panel members that will adjudicate adviser breaches still haven't been announced. As ASIC and Treasury wait for the minister's office to finish its vetting process, stakeholders weigh in on the implications of the delay.

The corporate regulator confirmed the news in its latest quarterly update. On Thursday, ASIC said its “investigations into matters arising from the Financial Services Royal Commission (FSRC) were

The Australian Securities and Investments Commission has warned super funds to better explain income protection insurance as it can dwindle super balances for particular member segments.

The Australian Securities and Investments Commission has warned super funds to better explain income protection insurance as it can dwindle super balances for particular member segments.

A 2021 ASIC review has again highlighted that trustees need to examine outcomes for their members and proactively consider whether they are delivering

The corporate regulator has released an information sheet and an example statement of advice (SOA) to assist advisers and licensees to comply with their obligations. ASIC Commissioner Danielle Press s

ASIC has provided a roadmap for financial advisers to ensure that they do not breach their limited advice obligations.

ASIC has today released an information sheet on limited advice and an example statement of advice (SOA) to assist financial advisers and advice

Advisers giving limited advice will need to explain what advice they cannot provide and the implications to fulfil best interests duty.