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Financial Planning

MLC receives 13 AFS licenses

MONDAY, 1 DEC 2003 12:19PM

MLC, the National Australia Bank Group's wealth management arm, has been given an early Christmas gift from the Australian Securities and Investments Commission (ASIC), with the regulator issuing 13 Australian Financial Services (AFS) licenses to enable them to operate under the Financial Services Reform Act (FSRA).

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Editor's Choice

ASX to rejig corporate governance framework

KARREN VERGARA | 12:05PM

The ASX is looking to modernise eight core corporate governance principles, which include rejigging executive remuneration and board composition, to make them fit-for-purpose in the current environment in which ASX-listed entities operate in.

Rest calls for better alignment in default options

MATTHEW WAI | 12:38PM

Rest conducted a survey addressing concerns around the ambiguity of standardised investment options and product labels.

KPMG finds new chief executive inhouse

RIDDHIMA TALWANI | 12:36PM

The embattled consulting firm has named a new chief executive, choosing to promote from within after former chief executive Andrew Yates stepped down in June in the wake of the whistleblower scandal.

HSBC appoints structured finance chief

VINNY VUCAGO | 12:09PM

HSBC Australia and New Zealand have appointed a former Deutsche Bank executive as head of structured finance.

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