The bill containing the measure that supports the fees-for-service industry funding for the Australian Securities and Investments Commission (ASIC) passed through Parliament today.

The SMSF sector is leading the way with regard to retirement income solutions due to the large number of its members being in retirement or pre-retirement, a senior funds management executive has said.

A majority of SMSF investors who hold hybrid securities do not appreciate all of the risks associated with the investment, according to BetaShares.

An industry law firm has warned of the potential downsides of having six members in an SMSF.

The Australian Securities and Investments Commission (ASIC) today released new guidance for its oversight of and role in relation to the Australian Financial Complaints Authority (AFCA).

Australian banks, along with seniors groups and the Financial Services Union (FSU), have called on lawmakers to proceed with laws for suspected elder financial abuse.

The Australian Securities and Investments Commission (ASIC) has begun civil penalty proceedings in the Federal Court against Westpac in relation to poor advice provided by one of its former financial advisers.