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Showing 91 - 100 of 4230 results for "LIC"

Centrepoint offloads lending solutions business

KARREN VERGARA  |  TUESDAY, 17 FEB 2026
Centrepoint Alliance will offload its lending solutions business to Astute Financial Management to solely focus on licensee services, financial advice, managed accounts and platforms. Under the agreement, Centrepoint said it will retain the lending-as-a-service ...

ASIC cancels AFSL of Qld securities dealer

MATTHEW WAI  |  MONDAY, 16 FEB 2026
ASIC has cancelled the Australian financial services licence (AFSL) of Pulse Markets, a wholly owned subsidiary of BIR Financial, for providing incompetent financial services, including inadequate supervision of its corporate authorised representatives ...

Senate questions APRA's role in Shield, First Guardian disaster

KARREN VERGARA  |  FRIDAY, 13 FEB 2026
APRA's role as prudential regulator in the wake of the First Guardian Master Fund and Shield Master Fund collapses came under the spotlight at a recent parliamentary hearing. APRA chair John Lonsdale told the Senate Economics Legislation Committee that ...

ASIC imposes licence conditions on Cambridge Mercantile

ANGELIQUE MINAS  |  THURSDAY, 12 FEB 2026
ASIC has imposed additional conditions on the Australian financial services licence (AFSL) of Cambridge Mercantile's local branch, following ongoing compliance failures in its foreign exchange derivatives business. The Corpay subsidiary misclassified ...

Another MWL Financial Services adviser banned

ANGELIQUE MINAS  |  THURSDAY, 12 FEB 2026
Effective February 5, ASIC banned former MWL Financial Services (MWL) adviser Neil McPherson for giving advice to certain clients that was not in their best interests. An investigation found that during his tenure with MWL, McPherson recommended some ...

FIIG Securities fined $2.5m for lengthy cyber failures

JAMIE WILLIAMSON  |  TUESDAY, 10 FEB 2026
FIIG Securities will pay $2.5 million over cybersecurity failures that went on for years and saw the private data of clients compromised and, in some cases, leaked. ASIC brought its case against FIIG Securities in March 2025 after it found the firm ...

Aged care advice needs regulatory intervention: Research

ANGELIQUE MINAS  |  TUESDAY, 10 FEB 2026
In a new report, The risk of unrelated aged care advice: protecting older Australians and ensuring quality advice paper, Aged Care Steps identifies key issues with how aged care advice is being provided in Australia, calling for reform. Older Australians ...

Commonwealth Super Corp to consolidate legacy IT systems

MATTHEW WAI  |  MONDAY, 9 FEB 2026
Commonwealth Superannuation Corporation (CSC) is undergoing its biggest technology transformation in about a decade, with the fund focused on automation and improved system integration. CSC will consolidate its legacy systems to improve member experience ...

Drummond steps up governance and adviser support

ELIZABETH FRY  |  THURSDAY, 5 FEB 2026
Drummond Capital Partners is strengthening its governance and implementation functions with a senior hire, as the firm scales its adviser support platform. Cameron Mitchell joins the business with more than 14 years' experience in Australian financial ...

Former AMP adviser banned over false documents

JAMIE WILLIAMSON  |  THURSDAY, 5 FEB 2026
A Melbourne-based financial adviser is permanently banned from the industry after signing documents on clients' behalf without their knowledge. Patrick Nong was found to have engaged in conduct in misleading or deceptive conduct in relation to a financial ...