Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 91 - 100 of 1904 results for "licensee"

Feature: Compliance | Passing the buck

ELIZA BAVIN  |  WEDNESDAY, 15 OCT 2025
The retirement savings of thousands of Australians have been lost in the First Guardian and Shield failures and, while investigations are ongoing, the blame for their collapse and the misconduct that led to it is being passed around like a football ...

ASIC slams licensees' lax offshoring governance

KARREN VERGARA  |  FRIDAY, 10 OCT 2025
... audits of their representatives' use of OSPs. "Failing to adequately supervise outsourced functions could result in the licensee failing to meet its legal obligations and cause harm to consumers. The more critical the outsourced function, the greater ...

AWAG to snap up 20% stake in First Mutual

RIDDHIMA TALWANI  |  TUESDAY, 7 OCT 2025
ASX-listed Australian Wealth Advisors Group (AWAG) will acquire a 20% stake in licensee First Mutual, in a bid to expand its AFSL and licensing services. The investment is on a cash basis and First Mutual will retain its autonomy and ownership structure ...

Clime gains ground on culture, business model reset

KARREN VERGARA  |  FRIDAY, 3 OCT 2025
... But if he was successful in doing so, Madison would have been "a very low margin, very high risk, very scaled operation licensee." The group has managed to turn around consecutive losses of $3.8 million and $1.9 million in FY24 and FY23 respectively. ...

3500 advisers at risk as deadline looms

JAMIE WILLIAMSON  |  TUESDAY, 30 SEP 2025
... pathway. ASIC said of the remaining 3459 yet to meet the standard, 1371 may be eligible for the experience pathway but their licensee is yet to notify ASIC of this. Further, unless exempt, relevant providers have until the end of the year to complete ...

CSLR a 'shared responsibility' for all AFCA members: SMSFA

MATTHEW WAI  |  THURSDAY, 11 SEP 2025
Responding to the Treasury consultation on the Compensation Scheme of Last Resort (CSLR), the SMSF Association (SMSFA) agrees the most efficient and equitable way to fund the special levy is to spread it across all Australian Financial Complaints Authority ...

Advisers favour third-party support in product selection

MATTHEW WAI  |  MONDAY, 8 SEP 2025
... range of consultants and influencers from asset managers. "Adviser practices are leveraging a combination of research (licensee and external), asset consultants and in some cases platforms to support their decision making," Spittle said. "For asset managers ...

InterPrac wants super funds' reserves to remediate Shield, First Guardian victims

KARREN VERGARA  |  FRIDAY, 5 SEP 2025
InterPrac Financial Planning wants to rid itself of remediation obligations regarding the collapse of the Shield Master Fund and First Guardian Master Fund, saying that victims should be "fully compensated" via superannuation funds' reserves. InterPrac ...

ASIC culls red tape, sets sights on more

ELIZA BAVIN  |  WEDNESDAY, 3 SEP 2025
ASIC has culled more than 9240 pages of regulation since the start of the year and is calling for more ideas for regulatory simplification. A new report, aptly named Regulatory Simplification, seeks input on a range of initiatives aimed at making regulation ...

FAAA calls for other sectors to help pay $67m CSLR bill

ELIZA BAVIN  |  WEDNESDAY, 3 SEP 2025
In its submission to the Treasury consultation on the Compensation Scheme of Last Resort (CSLR) Special Levy for 2025/26, the Financial Advice Association Australia (FAAA) said financial advisers should not be expected to pay more than the $20 million ...