Kavanagh

The Australian Securities and Investments Commission’s decision to defer the starting date for super funds to disclose their portfolio holdings has attracted criticism from sections of the industry. We’re with the critics. The first reporting date was to have been…

The great SMSF fee debate

ASIC has launched a campaign warning self-managed super fund trustees of the high costs and risks associated with having an SMSF. There has been a huge response, most of it negative. ASIC’s latest fact sheet estimates that the average cost…

SMSFs not for the faint hearted, ASIC warns

The Australian Securities and Investment Commission (ASIC) has launched a campaign warning future self-managed super fund trustees of the high costs and risks associated with having an SMSF. ASIC’s latest fact sheet estimates that the average cost of running an…

Kavanagh

US investment manager Michael Burry, of “Big Short” fame, has had a lot of coverage over the past week after he said exchange traded funds (ETFs) were the next great asset bubble. He compared the growth in index ETFs to…

Suppose they started a revolution and nobody came

Consumers are missing out on the benefits of robo-advice, with the Australian Securities and Investment Commission (ASIC) revealing that there is very little take-up of the service. This is despite the fact there is huge unmet demand for affordable financial…

Mortgage brokers must demonstrate their value to consumers, regulator demands

Consumers are being put at a disadvantage because of a lack of price transparency in the mortgage market, according to the latest Australian Securities and Investments Commission review of the sector. In a report released last week, “Looking for a…

Binary options ban, CFD crackdown on the way

The Australian Securities and Investments Commission is planning to use its new product intervention powers to deal with what is sees as “significant detriment to retail clients” in the market for contracts for difference and over-the-counter binary options. ASIC issued…

The bigger the ETF the better

Investors considering different exchange traded fund options will usually have a better outcome selecting a bigger ETF over a small one, according to new research. Morningstar has analysed the trading history of listed funds and found that big ETFs have…

ASIC is taking out the insurance garbage

Borrowers who took out consumer credit insurance (CCI) may be entitled to compensation following an Australian Securities and Investments Commission (ASIC) review that found they were “extremely poor value for money”. ASIC’s scathing report on consumer credit insurance offered by…

Car insurers not treating customers fairly

The corporate watchdog has urged consumers who are unhappy with the way their car insurance claim is being handled to lodge a complaint. A review of the sector shows there is a fair bit to complain about. As a first…