Dr Deborah Ralston announced as Chair of the Household Capital Advisory Board

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Dr Deborah Ralston will take on the role of Chair of the Household Capital Advisory Board from May 2021. Dr Ralston is one of Australia’s preeminent thought leaders in financial

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12 May 2021

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ASIC releases guidance on code of ethics compliance schemes for financial advisers

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ASIC has released guidance on its proposed approach to approving and overseeing compliance schemes for financial advisers (RG 269). The financial advice professional standards reforms include obligations for financial advisers

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02 Oct 2018

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ASIC publishes a review of reverse mortgage lending

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A review by ASIC has found that reverse mortgages are allowing older Australians to achieve their immediate financial goals – improving their lifestyles in retirement – but longer-term challenges exist.

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30 Aug 2018

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ASIC warns consumers about paying high fees for credit repair and debt advice services

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ASIC is warning consumers about companies that claim they can fix a poor credit rating. ASIC is running a month-long campaign, with other Commonwealth, state and territory agencies, to help

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06 Jun 2018

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APRA and ASIC release new life-claims data

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The Australian Prudential Regulation Authority (APRA) and the Australian Securities and Investments Commission (ASIC) have published new data on life insurance claims and claims related disputes for the period 1

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25 May 2018

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Scammers turn up the heat on Australian investors

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During National Scams Awareness Week (21 – 25 May), ASIC is warning investors to be on high alert to investment scams. Figures released today from the ACCC’s Targeting Scams Report show

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22 May 2018

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ASIC reports on how large financial institutions manage conflicts of interest in financial advice

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An Australian Securities and Investments Commission (ASIC) review of financial advice provided by the five biggest vertically integrated financial institutions has identified areas where improvements are needed to the management

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25 Jan 2018

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ASIC releases new example Statement of Advice for life insurance

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ASIC has released a new example Statement of Advice (SOA) for life insurance as part of updates to Regulatory Guide 90 Example Statement of Advice: Scaled advice for a new client (RG 90).

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08 Dec 2017

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ASIC overview of licensing and professional registration – July 2016 to June 2017

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ASIC has reported on its approach to and assessment of licence applications and professional registrations for the period July 2016 to June 2017. Report 553 Overview of licensing and professional registration applications:

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04 Dec 2017

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ASIC confirms restricted use of ‘independently owned’ in financial services

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ASIC has updated regulatory guidance to confirm restrictions, that were announced in June 2017, on the use of terminology that implies independence. ASIC has updated Regulatory Guide 175 Licensing: Financial product advisers –

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15 Nov 2017

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