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Showing 21 - 30 of 1070 results for "licensees"

AI is not the 'Wild West': Longo

CHLOE WALKER  |  THURSDAY, 1 FEB 2024
... Longo said. "It's certainly not a stretch to apply this thinking to the use and operation of AI by financial services licensees." Longo disclosed that the corporate regulator is already pursuing an action in which AI-related issues arise, where it believes ...

Adviser registration deadline moves to February 16

KARREN VERGARA  |  FRIDAY, 19 JAN 2024
... register. "Given that the period for registration has coincided with the summer holiday period, ASIC is providing AFS licensees an additional two weeks to register their relevant providers," the regulator said. The change of date comes amidst the Financial ...

Powerwrap bleeds $334m in outflows

KARREN VERGARA  |  WEDNESDAY, 17 JAN 2024
... had an "abnormally large impact" on its performance. It did not specify how many advisers left to join non-Powerwrap licensees. In the half-year period, outflows on Powerwrap built up to more than $500 million. "Operating in this market segment can lead ...

Government proposes framework for clearing and settlement services regulation

ANDREW MCKEAN  |  WEDNESDAY, 17 JAN 2024
... Stephen Jones, outlines the framework for ASIC to enforce rules governing the conduct and activities of CS facility licensees and associated entities. However, the imposition of such requirements is contingent on the minister's determination under ...

HUB24 sets sights on $100bn FUA

KARREN VERGARA  |  TUESDAY, 16 JAN 2024
... expected to shift in the second half of FY24 and the balance in FY25. "HUB24's proposition continues to resonate with licensees, advisers and their clients driving strong growth in net inflows and a solid opportunity pipeline across all customer segments. ...

ASIC permanently bans adviser who stole client funds

JAMIE WILLIAMSON  |  MONDAY, 8 JAN 2024
... Financial Adviser Register, between September 2010 and January 2015, Pagliaccio jumped between at least six different licensees. His ASIC FAR record has not been updated since June 2016. In 2015 he joined Sequoia Financial Group's MDS Financial Services ...

Treasury to refresh financial adviser exam

KARREN VERGARA  |  MONDAY, 18 DEC 2023
... still required to meet the qualifications standard in order to provide personal financial advice to retail clients. Licensees are still required to meet their existing obligation to ensure their advisers are adequately trained and competent, including ...

APRA flags premium volatility in superannuation group life insurance

ANDREW MCKEAN  |  FRIDAY, 8 DEC 2023
... superannuation, notably premium volatility and data availability. At the end of 2022, APRA conducted a survey involving RSE licensees, life insurers, and reinsurers, assessing industry responses to the sustainability challenges in group life insurance ...

ASIC confirms adviser registration deadline

KARREN VERGARA  |  WEDNESDAY, 29 NOV 2023
... authorised the relevant provider at the relevant time, will be breaking the law, ASIC said. "It is crucial that AFS licensees and Relevant Providers understand their obligations in relation to relevant provider registration." ASIC will also host two ...

On-platform TDPs miss performance test benchmarks, worst on fees: APRA

ANDREW MCKEAN  |  WEDNESDAY, 29 NOV 2023
... based on the 2023 superannuation performance test showed that 56% of member accounts in platform TDPs managed by RSE licensees underperformed their benchmark, with almost a third of these accounts floundering by a margin over 0.5%. For non-platform TDPs ...