MLC receives 13 AFS licensesMONDAY, 1 DEC 2003 12:19PMMLC, 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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Colchester launches first two ETFs in Australia
|Colchester Global Investors has handed a mandate to Equity Trustees for two new ETFs, making it's first offerings in Australia.
Local advice sector an attractive opportunity for global PE firms
|Local experts are observing a growing investment opportunity in Australian advice platforms that may not be as apparent for global investors, but since the sector is currently at its "infancy", many can capitalise on buying low and selling high.
FSC calls for tougher oversight of advice licensees
|The Financial Services Council (FSC) has called for a significant overhaul of ASIC's supervisions of financial advice licensees, arguing stronger regulatory oversight is needed to better protect consumers following recent industry failures.
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Hugh Killen
MANAGING DIRECTOR AND CHIEF EXECUTIVE OFFICER
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AUSTRALIAN AGRICULTURAL COMPANY LIMITED
For Hugh Killen, several life lessons came from spending time on pastoral properties stretching across northern New South Wales and South-West Queensland.
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