In 2015, ASIC commenced a project to review the extent of failure to deliver ongoing advice services to financial advice customers who were paying fees to receive those services. The project covers Australian financial services (AFS) licensees that are product issuers or provide personal advice to retail clients, and that are part of AMP Limited...

ASIC has released its review of the life insurance sector's handling of claims. The review found that, while life insurers are paying the considerable majority of claims, there are significant shortcomings in a number of areas of life insurance claims handling, and there is a clear need for public reporting on life insurance claims outcomes...

Market integrity is fundamental to well-developed financial markets. We consider it important to measure and monitor market cleanliness to provide an overview of market integrity in order to better inform our regulatory work. In this report, we have measured Australian equity market cleanliness using a number of methods, evaluated their efficacy and examined their differences...

The net effects of algorithmic and high-frequency traders mask considerable heterogeneity in how they impact institutional transaction costs. The paper finds that fast traders and those with high order-to-trade ratios are no more likely to increase costs than others. Traders that increase costs are more active in small stocks.

Overview This report sets out ASIC’s findings from a review of home loans with an interest-only period during the initial part of the loan (interest-only home loans). The review looked at the practices of 11 lenders who offer interest-only home loans. The review found examples of practices that place lenders at risk of breaching responsible...