Risk Regulatory Update
/HCF in civil proceedings with ASIC
AMP Group companies to pay $24 million for charging dead clients fees
Fund Regulatory Update
/Capital Investment Partners AFS licence cancelled
AustralianSuper refunding $70 million from duplicate accounts
Class action against IG Markets in CFD trading
Ord Minnet fined $880,000 for buy-back blunder
Fund Regulatory Update
/Mutual Care AFS licence suspended
Assurance Cover Australia AFS licence cancelled
Ascent Investment to liquidate under court order
APRA heatmap reveals 45 per cent underperformance rate
APRA revealed options that significantly underperformed, managed by:
Future Super penalty for greenwashing
Government announcement on paying super with wages
APRA and AFCA sign MoU
APRA consultation on combining product histories
Risk Regulatory Update
/Consultation opens on experience pathway for advisers
FPA and AFA request delay to adviser registration requirements
Fund Regulatory Update
/Labor government looking at super fund role in advice to members
ASIC acts against 11 SMSF auditors
Binance AFS cancelled
Starfish FS AFS licence cancelled
Consultation on super performance opens
Risk Regulatory Updates
/FAAA: FPA and AFA merger complete
NobleOak found in breach of standards
Fund Regulatory Update
/Vanguard issued formal warning by NZ regulators
ASIC urges super funds to improve life insurance arrangements for members
ALT Financial Group convicted on multiple charges
Cartesian Corporate Finance license suspended
ACVM licence cancelled
Risk Regulatory Update
/CFA Institute overhauls CFA program
February adviser exam results released, 67% pass rate
NZ planners must now hold full advisers licence
AFCA: complaints going up, general insurers to blame
ASIC provides relief for reissue of some life insurance policies
Fund Regulatory Update
/ASIC consultation open on expiring class orders on changing responsible entities and equal treatment
Stop orders on three BT funds
Lendfin, Global Pacific Solutions and Gigi Investment Group licences suspended
Treasurer hangs on to ASIC misconduct report citing ‘undue prejudice’
Capital Capital licence cancelled
Treasury reviewing MIS regulatory framework
Risk Regulatory Update
/APRA remakes life insurance standards without amendments
New CSLR and FAR legislation enters parliament
Levy proposes scrapping SOAs
Votes are in: FPA and AFA are now the FAA
Fund Regulatory Update
/ASIC seeking feedback on expiring class orders regarding financial resource requirements
APRA responds to SDT amendments consultation
Government: Tax to double on high superannuation balances
Fund Regulatory Update
/Government: Sex abusers no longer able to hide assets in super to avoid paying compensation to victims
APRA imposes licence conditions on Diversa Trustees, ASIC steps in over greenwashing
Interim stop order on Pivotal Diversified Fund
FSC releases standard for claims handling in superannuation
Risk Regulatory Update
/AFA/FPA merger update
Olive Markets AFSL cancellation upheld by AAT
AIOFP recommendations for managing impact of LIF changes
ASIC: advisers can provide home equity advice
ASIC: Adviser exam fee increase
Westpac/BT class action settlement $29.5m
Risk Regulatory Update
/2023 financial adviser exam dates released, latest exam results in
ASIC urges insurers to review claims payment systems
FPA and AFA seeking feedback on a new name, merger phase 2 in place
Regulatory concerns on premium increases
ASIC starts proceedings against OnePath Life for breaches of utmost good faith
New adviser registration requirement with ASIC
Fund Regulatory Update
/AFSL Group has AFSL cancelled
Quantum Funds Management AFSL suspended
ASIC takes civil action against American Express over DDO obligations with David Jones credit cards
Vanguard receives infringement notices from ASIC over greenwashing
Australian Fiduciaries has interim stop orders put on three funds
APS Savings interim stop order in place
YFYS faith-based super funds performance test leniency removed
Crescent Wealth breaches regulatory standards with misrepresented indirect costs
Interim stop orders on two Perpetual funds
Risk Regulatory Update
/APRA consulting on four life insurance standards
Fund Regulatory Update
/FTX Australia AFSL suspended
MPG property trusts interim stop orders
Risk Regulatory Update
/AFA and FPA set merger date
ASIC accepts Lasarith EU
Insignia has licence conditions imposed by regulator
Adviser registration requirement delayed
ASIC inquiry open for submissions
ASIC appeals CBA and CFS conflicted remuneration dismissal
Fund Regulatory Update
/CommSec, AUSIEX breach Market Integrity Rules
APRA publishes statistics for improving superannuation industry transparency
Risk Regulatory Update
/Mayfair 101 head suing ASIC for defamation, lodges High Court appeal
Life Code grows with domestic violence policy and genetic testing moratorium updates
