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Showing 101 - 110 of 1015 results for "Representatives"

ASIC bans adviser, cancels AFSL

ANNABELLE DICKSON  |  TUESDAY, 28 SEP 2021
... resources to carry out a financial services business, maintain competence to provide financial service and ensure representatives complied with the regulation. Pure Strategy also failed to comply with its licence condition to have a 'key person'. The ...

Super funds don't vote together: ACSI

ELIZABETH MCARTHUR  |  THURSDAY, 23 SEP 2021
The House of Representatives committee looking into common ownership of ASX companies has continued this week, with the super industry hitting back at suggestions that funds act in unison. Yesterday, Australian Council of Superannuation Investors (ACSI) ...

APRA intensifies scrutiny of underperformers

KARREN VERGARA  |  FRIDAY, 10 SEP 2021
... warned this morning. Last week, APRA named 13 super funds that failed its inaugural performance test. The House of Representatives Standing Committee on Economics inquiry heard that the 13 funds must provide a report to APRA identifying the causes of ...

Pain ahead for super trustees on unlisted valuations

KANIKA SOOD  |  MONDAY, 6 SEP 2021
... devaluations on the back of advice from external valuers and investment managers. In August 2020, the House of Representatives Standing Committee on Economics public hearing questioned APRA's Wayne Byres and Helen Rowell on what the regulator was ...

Adviser support services a boon for Sequoia

KARREN VERGARA  |  TUESDAY, 24 AUG 2021
... revenues in the last two years. Sequoia's wealth division, which provides licensee services to over 400 authorised representatives, generated $55.3 million in revenues in FY21, rising from $40.6 million in the year prior. Compared to FY19, revenues of ...

Bragg renews calls for Future Fund to manage super

KANIKA SOOD  |  FRIDAY, 20 AUG 2021
... labelled the idea "facile" and "illiberal". "This illiberal idea is inconsistent with the recently announced House of Representatives inquiry into concentration and common ownership in the Australian share market and would exacerbate the very issues ...

Single disciplinary body consultation opens

KARREN VERGARA  |  FRIDAY, 6 AUG 2021
... Better Advice) Bill 2021 (Better Advice Bill) was introduced in parliament on June 24. It passed the House of Representatives on August 4. It brings to life Recommendation 2.10 from the Hayne Royal Commission to establish a new disciplinary system for ...

Centrepoint names chief executive

KARREN VERGARA  |  WEDNESDAY, 4 AUG 2021
... services." As a provider of advice and business services to financial advisers, Centrepoint had over 70 authorised representatives at the end of FY21.

Former Millennium3 representatives cop ban

KARREN VERGARA  |  TUESDAY, 3 AUG 2021
... duo after an investigation found that they failed to ensure that NCFS complied with financial services law; its representatives also failed to abide by Millennium3's compliance manual. Further, ASIC determined they did not supervise and monitor the practice ...

Financial Masterplan advisers banned

ANNABELLE DICKSON  |  TUESDAY, 3 AUG 2021
... financial services and thus were not compliant with financial services laws. Allan and Urrutia were authorised representatives of Financial Masterplan from 24 June 2016 until 25 May 2021 and were involved in the activities of Vision Wealth Group, a corporate ...