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Showing 1051 - 1060 of 1277 results for "AFS"

AMP embeds AXA management into new structure

MATT WOODINGTON  |  FRIDAY, 22 JUL 2011
... quality financial advice at its heart after establishing a new eight division business structure for AMP Financial Services (AFS). AMP has put a new management team in place, effective August 1, ahead of its results announcement on August 18, when it ...

Advisers demand platform opt-in support

ELISE BURGESS  |  THURSDAY, 21 JUL 2011
Independent and bank-aligned financial advisers want platform costs to be lowered and have high expecations of support from providers once opt-in reforms are implemented, an industry survey has found. The annual CoreData Platform Study reported that ...

Former Integrity port manager loses court bid

ELISE BURGESS  |  MONDAY, 11 JUL 2011
Former Integrity Investment Management portfolio manager, Shawn Burns, has failed in his bid for an court injunction as the case between Burns and Integrity continues. Burns' employment at Integrity was terminated on June 20 this year after the company's ...

Paragem secures new planning licensee

MATT WOODINGTON  |  MONDAY, 20 JUN 2011
Boutique financial advisory practice PWK Private Wealth Advisers has joined the Paragem Wholesale Australian Financial Services Licence (AFSL), taking the dealer group's total assets under advice to $1.3 billion. Paragem now has 13 practices under its ...

ASIC forces iPlan to hire compliance expert

MATT WOODINGTON  |  THURSDAY, 9 JUN 2011
ASIC has imposed new conditions on iPlan's Australian financial services (AFS) licence after it unearthed a conflict of interest relating to the use of investment platforms. Under the terms of its revised licence iPlan must appoint an independent compliance ...

FIA growth leads to Licensee Select

ELISE BURGESS  |  MONDAY, 23 MAY 2011
Financial Index Australia (FIA) has moved in-house services to BT Financial Group's Licensee Select for its licensee solutions, citing strong growth for the outsourcing. The change will affect FIA's ten planning firms with over 35 advisers, who will ...

Chapel Road appeal forces ASIC to show the goods

RACHEL DAVIS  |  THURSDAY, 19 MAY 2011
A decade on, the Chapel Road v Australian Securities and Investments Commission (ASIC) battle rages on, with the NSW Supreme Court ordering ASIC to hand over documents relating to the investigation. Back in 2001 Chapel Road's AFSL was revoked when ASIC ...

Bans hit bad planners: ASIC

ALISON BEVEGE  |  THURSDAY, 12 MAY 2011
... to ensure representatives complied with financial services laws. Kedesco must remove Ronald Bray as the key person for the AFS license and document its compliance procedures during its suspension period or its license will be cancelled, ASIC said. Bray ...

AMP reports subdued Q1 cashflows

MATT WOODINGTON  |  THURSDAY, 5 MAY 2011
AMP Financial Services (AFS) registered a significant fall in net cashflows for the first quarter of 2011 although AMP's retail superannuation and pension business fared well. AFS' net cashflows were $42 million for the first quarter of 2011, markedly ...

Count morphs into super entity with new AFSL

ELISE BURGESS  |  THURSDAY, 5 MAY 2011
Clarification around FOFA has positioned Count to become an Investor Directed Portfolio Services (IDPS) operator and Responsible Superannuation Entity (RSE) in respect of its strategic platform offerings. The independent dealer group said the cut of ...