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asic

108 results tagged asic:

How insurers use secret definitions to avoid paying ill customers

CBA employee Mary was shocked when she was diagnosed with multiple sclerosis. Then came the news that she was refused a payout because she didn't meet CommInsure's definition of the disease.

ASIC has warned against insider trading, but what exactly is it?

Insider trading by company directors is "rife" across all industry groups, research shows, so what is it and why is it illegal?

The dodgy investments that are too good to be true

If you've come across an investment that claims to be a term deposit but with higher interest rates, be warned: it's probably a scam.

Disgraced adviser Sam Henderson charged with dishonest conduct

Embattled celebrity financial adviser Sam Henderson is back in the spotlight for the wrong reasons after being charged with dishonest conduct and providing disclosure documents known to be defective.

Risky term deposit ‘alternatives’ under fire from ASIC

Fixed-income products advertised as 'term-deposit' or 'substitutes' have led some consumers to invest under false pretences, warns ASIC.

Phone marketing and personal finance problems don’t mix

The line between telephone marketing and financial advice has been clarified after the Federal Court sided with ASIC's claim that Westpac deliberately used telephone marketing to persuade customers to consolidate their super into a BT account.

ASIC slams car insurers for ‘harmful’ claims investigations

If you've ever filed a car insurance claim only to be interrogated by your insurer, take heart: ASIC has warned them to lift their game.

Thousands more ripped off customers eligible to claw back money

Thousands more customers ripped off by banks, insurers, financial planners and super funds will be able to claw back money now that AFCA has broadened its scope.
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