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Showing 1011 - 1020 of 1277 results for "AFS"

New accountants' licence hailed as win for affordable advice

MELANIE TIMBRELL  |  MONDAY, 25 JUN 2012
The federal government's new conditional licensing regime for accountants has been applauded by professional bodies as a step to achieving broader access to financial advice. CPA Australia chief executive officer Alex Malley said the new rules are a ...

YBR hires EX-AFS chief

BEN COLLINS  |  MONDAY, 25 JUN 2012
... current move to Yellow Brick Road. Financial Standard recently reported that Daly is suing Australian Financial Services (AFS) for unfair dismissal, after he was let go despite having a budget and business plan approved by the board. Daly said that downsizing ...

ASIC streamlines AFS licence process

LINDA HAUSKEN  |  WEDNESDAY, 13 JUN 2012
... Revisions to Australian Securities & Investments Commission's (ASIC) regulatory guidance for Australian financial services (AFS) licence applicants removes the requirement to submit paper versions of documents lodged online. Under the changes, applicants ...

ASIC warns against fake investment group

LINDA HAUSKEN  |  TUESDAY, 12 JUN 2012
... Connaught representatives are cold calling people for investment purposes while quoting the Australian Financial Service (AFS) licence and Australian Company Number (ACN) of a legitimately registered AFS licence holder. ASIC said the prospective investors ...

Former AFA president mourned

RACHEL DAVIS  |  TUESDAY, 12 JUN 2012
Former Association of Financial Advisers president and former South Australian state director, Michael Murphy, has died at the age of 66, after a six year battle with cancer. In announcing his loss to Association of Financial Advisers (AFA) members ...

Daly: Forced out of AFS after rejecting downsize

BEN COLLINS  |  THURSDAY, 7 JUN 2012
... with the growth strategy, I was no longer the person to drive the company forward." When asked if there were cuts planned at AFS, Daly commented "Well like I said, there were two plans at the time." "Having spent eight years trying to build AFS, the ...

Industry questions RE concept after Trio collapse

MELANIE TIMBRELL  |  WEDNESDAY, 23 MAY 2012
... labelling of the arrangement whereby a scheme's lawful ASIC-registered RE has outsourced part of the RE function to another AFS licensee with an RE authorisation. It stems from the passage of the Managed Investment Scheme Act in 1998, which saw the single ...

AFS board votes no confidence in Daly

BEN COLLINS  |  TUESDAY, 22 MAY 2012
... discussion had approved the budget and business plan for the forthcoming year," Daly told Financial Standard. "My recollection of AFS's results is that they remain as one of the most successful dealer groups in the market." "Post the GFC, most dealer ...

AMP results show strong growth for products

LINDA HAUSKEN  |  THURSDAY, 10 MAY 2012
... results to 31 March 2012 today, showing strong growth for both AMP Flexible Super and North Platform. AMP Financial Services (AFS) net cash outflows were $292 million for the quarter, compared to net cash outflows of $331 million for Q4 11 and $133 million ...

ASIC warns industry about misusing term independent

LINDA HAUSKEN  |  THURSDAY, 3 MAY 2012
... planners making statements about the independence of the licensee or the services they provide in breach of the Corporations Act. AFS licensees are prohibited from using the terms, 'independent', 'unbiased' or 'impartial' if they receive commission or ...