ASIC to be handed new product powers

22-Dec-2017|By Sarah Kendell

ASIC will be empowered to intervene in the distribution of financial products where they are being inappropriately sold under new draft legislation released by the government yesterday. The new powers, which the regulator has repeatedly call.. Read More

FPEC announces grant winners


A study on ethical challenges in financial planning and a research project on the advice needs of small business owners are among the recipients of the Financial Planning Education Council’s academic research g.. Read More

Podcast: Ethics in advice and investing


In financialobserver's first podcast, the FPA's Ben Marshan drops by to discuss how ethics fits in with the modern advice profession, while Australian Ethical's Stuart Palmer discusses the growing trend of ethically mind.. Read More

Blackstone buys La Trobe stake


International asset manager Blackstone has taken a majority stake in peer-to-peer lending firm La Trobe Financial. In a statement, La Trobe Financial said Blackstone had purchased an 80 per cent equity share in .. Read More

Insurance in super code of practice released


The Insurance in Super Working Group (ISWG) has released its draft code of practice for life insurance held within superannuation. In a statement, the ISWG said the voluntary code would represent “a strong.. Read More

Advertising concerns see CommInsure pay $300k


CommInsure has agreed with the corporate regulator to make a $300,000 donation to the Insurance Law Service following its use of misleading advertising for a number of life insurance products, including one range sol.. Read More

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