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Showing 1061 - 1070 of 1277 results for "AFS"

Trustee fury prompts SMSF compo rethink

ALISON BEVEGE  |  FRIDAY, 15 APR 2011
The peak self-managed super fund association wants the law to be changed to allow compensation for their trustees as anger mounts over the Trio fraud case. Affected SMSF trustees are outraged that APRA-managed super fund members will be fully compensated ...

AFS rebuff takeover offers to go it alone

ELISE BURGESS  |  FRIDAY, 8 APR 2011
Dealer group Australian Financial Services Group (AFS) will remain independent after confirming that it will no longer hold takeover discussions. AFS has said ownership will remain with its advisers and will retain open architecture, practical compliance ...

ASIC new guidance for AFSL

ELISE BURGESS  |  MONDAY, 4 APR 2011
Holders of an Australian Financial Services Licence (AFSL) now face updated guidance including guides on margin lending facilities, simple managed investment schemes and certain superannuation products. Australian Securities and Investments Commission ...

Guardian FP eyes risk advisers

ELISE BURGESS  |  FRIDAY, 1 APR 2011
Guardian Financial Planning hopes to grow its adviser network by 10 per cent this financial year and wants to attract more risk insurance specialist advisers. The financial planning firm is using referrals to attract interest while talking to potential ...

Rogue trader banned for four years

ALISON BEVEGE  |  FRIDAY, 25 MAR 2011
A rogue forex trader has been banned for four years by Australia's corporate watchdog after fleecing the savings of six Gold Coast residents through a pooled fund. Andrew Mark Perkin must not provide any financial products or services under the enforceable ...

AMP positions senior AXA staff

MATT WOODINGTON  |  TUESDAY, 8 MAR 2011
... joins AMP Capital Investors leadership team, under the direction of managing director Stephen Dunne. AMP Financial Services (AFS) will be responsible for the combined AXA and AMP superannuation, investments, banking, insurance and financial adviser businesses. ...

ASIC withdraws property fund licence

MATT WOODINGTON  |  THURSDAY, 3 MAR 2011
... complete investors were supposed to pay the balance and in doing so would take ownership of the land and house. "ASIC expects AFS licensees to meet the conditions of their licence on an ongoing basis and will take steps to cancel a licence if a licensee ...

Poor advice fine to reach $200k

ELISE BURGESS  |  MONDAY, 21 FEB 2011
Financial advisers who break the law could face up to five years in jail and up to $200,000 in fines, based on proposed changes to industry laws. Currently a financial adviser that is found guilty of breaching their fiduciary duty could be charged a ...

ASIC rules to fix disputes faster

ELISE BURGESS  |  WEDNESDAY, 16 FEB 2011
The Australian Securities and Investments Commission (ASIC) has released new regulatory guidance that will help financial planners and insurers settle simple disputes with their clients. The guidance issued today will affect financial services licensees ...

ASIC catches Camelot Derivatives

ASIC RELEASE  |  TUESDAY, 8 FEB 2011
Melbourne-based derivatives dealer, Camelot Derivatives (Camelot) and its sole director, Neil Walter King, consent to interim injunctions brought by Australian Securities and Investments Commissions (ASIC). Camelot is a dealing company specialising ...