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Showing 51 - 60 of 1014 results for "Representatives"

ASIC abandons $500k SMSF threshold

ANDREW MCKEAN  |  FRIDAY, 9 DEC 2022
... removed." Earlier this year, the SMSFA wrote to ASIC requesting that it review its guidance for AFSLs (and their representatives) who provide advice to retail clients about SMSFs. "In particular, references in ASIC INFO 206 to SMSFs with balances below ...

DASS clients pushed to accept paltry recoupment

ANDREW MCKEAN  |  FRIDAY, 2 DEC 2022
... inappropriate advice and not meeting client best interest obligations. The Federal Court found that six Dixon Advisory representatives didn't act in the best interests of eight clients on 53 occasions. Each instance involved advising the clients ...

Advisers must register for FSCP: ASIC

CASSANDRA BALDINI  |  THURSDAY, 24 NOV 2022
... advisers are signed up. "I think the other distinction from registration versus the existing function for authorised representatives is that licensees are required to make some declarations as they go through the process of registering their advisers," ...

ASIC accepts EU firm from advice firm

CASSANDRA BALDINI  |  TUESDAY, 15 NOV 2022
... months from 10 November 2022. Lasarith caught ASIC's attention following concerns the firm and its authorised representatives failed to provide Statements of Advice (SoA) to clients as required by the Corporations Act. The investigation identified ...

CALI backed by industry

CASSANDRA BALDINI  |  MONDAY, 7 NOV 2022
... in driving positive outcomes through engagement with our stakeholders, including government, consumers, their representatives, and regulators." Membership of the CALI board has also been finalised, with representatives from AIA Australia, ClearView ...

APRA flags concerns over fund sustainability

ANDREW MCKEAN  |  WEDNESDAY, 12 OCT 2022
Appearing before the House of Representatives' Economics Committee, APRA's Margaret Cole said the regulator is concerned about some of the super funds that passed the performance test yet fail the regulator's own sustainability testing. ...

AFSL boss banned by ASIC

CASSANDRA BALDINI  |  TUESDAY, 11 OCT 2022
... disclosure failures, as well as inappropriate financial advice and other misrepresentations provided by credit representatives. These determinations directed those entities to pay consumers a total amount of approximately $2.5 million. ASIC deputy chair ...

Regulators to face committee scrutiny

JAMIE WILLIAMSON  |  MONDAY, 10 OCT 2022
The ACCC, APRA and ASIC will front the House of Representatives Standing Committee on Economics tomorrow to discuss super fund underperformance, greenwashing and the rise of finfluencers. In what will be the committee's first public hearings into the ...

CALI names chief executive

CASSANDRA BALDINI  |  TUESDAY, 4 OCT 2022
... expectations and deliver excellent outcomes for customers," she said. "I look forward to working with consumer representatives, regulators, government and other industry associations on issues critical to the life insurance industry."

Dixon Advisory pays $7m for poor advice

JAMIE WILLIAMSON  |  TUESDAY, 20 SEP 2022
... inappropriate advice and not meeting client best interests obligations. The Federal Court found that six Dixon Advisory representatives did not act in the best interests of eight clients on 53 occasions. Each instance involved advising the clients to ...