Industry unites behind Financial Planning Week

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Representatives of the financial services industry have united behind the Financial Planning Association’s (FPA) Financial Planning Week. The initiative aims to educate Australians on the importance of financial planning and

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ASIC consults on FOFA reforms

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ASIC has released consultation papers containing proposed guidance for two aspects of the Future of Financial Advice (FOFA) reforms – scaled advice and the best interests duty. The work seeks

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ASIC finalises investigation into Saxo Bank following Sonray collapse

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ASIC has finalised its investigation into Saxo Bank A/S, the former provider of the trading platform for collapsed broker, Sonray Capital Markets Pty Ltd (in liquidation) (Sonray). Following the conclusion

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ASIC warns consumers about hybrid securities and notes

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ASIC today urged consumers to ensure they understand the conditions and risks of hybrid securities and unsecured notes before committing their money. With considerable volatility in equity markets, many investors

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ASIC proposals for research houses

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ASIC has released a consultation paper proposing research report providers, including research houses, separate their business units as a strategy to manage conflicts of interest as part of moves to improve

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MoneySmart named best government website

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ASIC has announced its MoneySmart website has been named the best government website at the Australian Web Awards on 12 November 2011. The Australian Web Awards evaluates websites on criteria including

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ASIC releases new financial requirements for responsible entities

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ASIC has released new financial requirements for responsible entities (REs) of managed investment schemes (MISs). The changes, implemented through Class Order (CO 11/1140]) and outlined in updated versions of Regulatory Guide

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ASIC reports on its monitoring of financial advisory practices

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ASIC has released a report on the information it received in 2010 from the top 20 financial services licensees on their practices. To help monitor the gatekeepers of the financial

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Sentencing decision in the Westpoint CFO criminal case

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ASIC notes the sentencing decision of former Westpoint chief financial officer Graeme Rundle in the Parramatta District Court on Friday 9 September 2011. Mr Rundle was found guilty of two

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ASIC publishes ETF information for investors

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ASIC has published new information on its consumer finance website, MoneySmart, to help consumers understand the different types of Exchange Traded Funds (ETFs) and their risks. ETFs can provide a convenient

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