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Showing 1091 - 1100 of 1226 results for "Licensees"

ASIC moves to protect OTC retail investors

MATT WOODINGTON  |  TUESDAY, 10 MAY 2011
... by issuers and a staged implementation process. "Currently, under the Corporations Act, Australian financial services licensees dealing in OTC derivatives are legally allowed to use client funds to hedge positions," said Andrew Merry, managing director ...

Count morphs into super entity with new AFSL

ELISE BURGESS  |  THURSDAY, 5 MAY 2011
... of its strategic platform offerings. The independent dealer group said the cut of volume related payments through to licensees and financial advisers had opened up payments through to platforms and grandfathering provisions, favouring planning groups ...

Licensee tests offer planners protection

MATT WOODINGTON  |  THURSDAY, 28 APR 2011
Financial planners will have protection against fiduciary problems as licensees are to be subject to the same best interest tests, according to the Government's FOFA reforms. The Financial Planning Association (FPA) said that one of its recommendations ...

Trustee fury prompts SMSF compo rethink

ALISON BEVEGE  |  FRIDAY, 15 APR 2011
... they could not expect to get bailed out when things go pear-shaped. He said members had legal recourse against AFSL licensees who hold indemnity insurance.

ASIC call to improve planner education

ELISE BURGESS  |  WEDNESDAY, 6 APR 2011
... participants and not just entry level is a significant shift and something that will no doubt cause concern for many licensees and advisers." Advisers can offer feedback on CP 153 until 1 June 2011.

AFA prep advisers for FOFA

MICHELLE BALTAZAR  |  TUESDAY, 5 APR 2011
... Roundtable on Ethics, Professionalism and Education. It represents over 7,000 members, including individual members and licensees.

AXA releases new North

ELISE BURGESS  |  TUESDAY, 29 MAR 2011
... director, AMP financial services. Meller said the AXA's North platform was a strong feature of the merger. A broad range of licensees currently uses the North platform, launched in 2007, with the platform's funds under management climbing 34 per cent ...

ASIC clampdown on poor business models in advice

ELISE BURGESS  |  MONDAY, 14 MAR 2011
... dispute resolution policies. Coming under fire this year, in what is referred to as a 'lite touch' business model, are licensees which: are using one-size-fits-all business model; have inadequate or poor quality compliance resources; are poorly resourced ...

AXA Aus preps for next phase of North

ELISE BURGESS  |  THURSDAY, 10 MAR 2011
... release the next generation of its successful North platform, gaining support from merger partner AMP. A broad range of licensees currently uses the North platform, launched in 2007, with the platform's funds under management climbing 34 per cent last ...

ASIC withdraws property fund licence

MATT WOODINGTON  |  THURSDAY, 3 MAR 2011
... 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 is unable ...