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Showing 1111 - 1120 of 1277 results for "AFS"

PI insurers face $300m in claims

RUTH LIEW  |  THURSDAY, 30 JUL 2009
Advisers could face tougher hurdles to get professional indemnity cover as insurers expect a $300 million claims bill in the next three years resulting from collapses such as Storm Financial, said an industry expert. Christina Kalantzis, principal of ...

EC's reforms could be fatal to hedgies

RUTH LIEW  |  TUESDAY, 28 JUL 2009
The European Commission's draft directive to police hedge funds more threatens the future of Aussie fund managers and investors in Europe, warns a key industry association. The Australian arm of the Alternative Investment Management Association is waving ...

ASIC charts margin lending requirements

MICHAEL HOBBS  |  TUESDAY, 14 JUL 2009
The regulator has released two proposals on the training conditions for financial advisers and requirements for firms dealing in margin lending products. The Australian Securities and Investments Commission (ASIC) released the Consultation Paper 108 ...

BGL signs on to OneVue SMA

COMPANY RELEASE  |  MONDAY, 13 JUL 2009
More than 250,000 SMSFs can now more easily access SMAs after OneVue scored a major deal with BGL Financial Services. The white-labelled product will be known as SMSF Invest, and will be distributed by SMSF software provider BGL Corporate Solutions. ...

ASIC lifts restrictions on intra-fund advice

MICHELLE BALTAZAR  |  FRIDAY, 10 JUL 2009
Australians can access superannuation-related financial advice more easily under regulatory changes announced yesterday, but the industry is split between those that believe ASIC's move benefits the public while others predict it's a "disaster in the ...

Broker gets permanent ban from ASIC

COMPANY RELEASE  |  THURSDAY, 25 JUN 2009
ASIC has permanently banned Mark William Clough from providing financial services after conducting business without an AFSL and pocketing $43,500 of his client's funds. This follows an ASIC investigation into Clough's dealings when he operated an insurance ...

E*TRADE fee hits planners

MICHAEL HOBBS  |  MONDAY, 25 MAY 2009
ANZ owned broking firm E*TRADE changed the pricing on one of its direct share packages - a move which could mean some financial planners will have to pay $1,250 per month for services that were previously free. The pricing changes affect a package the ...

Plus Capital eyes offshore managers

MICHAEL HOBBS  |  WEDNESDAY, 20 MAY 2009
Third party marketer, Plus Capital, is in talks with three offshore alternative investment managers to provide Australian institutional investors with access to their strategies. Plus Capital represents offshore investment managers that don't have a ...

Salisbury beats FP recruitment targets

COMPANY RELEASE  |  FRIDAY, 15 MAY 2009
... demand for affordable and flexible service and fee structures. "Together with the economies of scale generated through the AFS Group relationship that are passed onto our advisers, The Salisbury Group will continue to grow and attract advisers in growing ...

Court convicts unlicensed Westpoint planner

PRESS RELEASE  |  MONDAY, 20 APR 2009
A New South Wales court has sentenced, Keith Rowntree, to 80 hours community service for providing financial advice, which led to clients investing in Westpoint products, without a licence. The Australian Securities and Investments Commission (ASIC) ...