ASIC reviews MySuper product dashboards

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ASIC has issued further guidance to superannuation trustees about their obligation to produce a product dashboard for MySuper products, following a review of existing MySuper product dashboards. ASIC reviewed a

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ASIC response to James Wheeldon allegations

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ASIC rejects completely comments made yesterday under parliamentary privilege by a former employee Mr James Wheeldon about ASIC’s granting of relief in relation to generic super fund calculators. The matter

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ASIC concerns prompt MyRate to change website

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MyRate Pty Ltd (MyRate) has made changes to its website and will contact affected customers following ASIC concerns that home loan interest rates advertised on the website were likely to

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ASIC issues further super reforms guidance

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ASIC has issued further guidance to assist industry with superannuation reforms, as well as a consultation paper about keeping superannuation websites up to date. Guidance The guidance relates to the

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ASIC updates disclosure guidance for shorter PDSs

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After full commencement of the shorter Product Disclosure Statement (PDS) regime in June 2012, ASIC has reviewed a sample of shorter PDSs for superannuation and simple managed investment schemes. Our

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ASIC’s next generation market surveillance system commences

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ASIC’s new market surveillance system is in operation. Known as MAI (Market Analysis Intelligence), the system enables ASIC to better detect, investigate and prosecute trading breaches. Commissioner Cathie Armour said

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Sydney adviser removed from financial services

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ASIC has accepted an enforceable undertaking (EU) from Sydney financial adviser Gabriel Nakhl which permanently prevents him from providing financial services. As part of the EU, Mr Nakhl has also

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ASIC warns real estate industry about recommending property investment through SMSFs

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ASIC has warned the real estate industry that agents recommending investors use a self-managed superannuation fund (SMSF) to invest in property must ensure they are appropriately licensed to provide the

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ABN AMRO Clearing Sydney Pty Ltd pays $130,000 infringement notice penalty

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ABN AMRO Clearing Sydney Pty Ltd (“ABN AMRO”) has paid a penalty of $130,000 to comply with an infringement notice given to it by the Markets Disciplinary Panel (“MDP”). On

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Former Bell Potter adviser jailed for dishonest conduct after Crown appeal

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 A former Bell Potter Securities adviser who pleaded guilty to dishonest conduct involving more than $1.7 million has had his original suspended sentence quashed and been jailed for one year

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