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Showing 101 - 110 of 1233 results for "licensees"

APRA levy to cost $243m in FY26

KARREN VERGARA  |  FRIDAY, 28 MAR 2025
... other core areas of supervision. APRA warned it will "maintain intense scrutiny of fund-level expenditure to hold RSE licensees accountable for improving practices, reducing spending that is deemed not in members' best financial interests and promoting ...

Tranche 2 of DBFO dumps SOAs, enables 'nudges'

JAMIE WILLIAMSON  |  FRIDAY, 21 MAR 2025
... technologically-neutral record that is in plain English and supports the client to make an informed decision about the advice." "Licensees and authorised representatives will keep appropriate records on file to demonstrate their compliance with legislative ...

Former AMP licensees rebranded as Akumin

JAMIE WILLIAMSON  |  WEDNESDAY, 5 MAR 2025
Entireti has unveiled the go-forward name of its NewCo subsidiary, home to all the financial advice brands previously owned by AMP. The business will now be known as Akumin, "inspired by the professional judgement, discernment and acumen of the experienced ...

AZ NGA positions for growth with key appointment

JAMIE WILLIAMSON  |  MONDAY, 24 FEB 2025
... over the next three to five years. Also in December, AZ NGA finalised the deal with Entireti to acquire AMP's advice licensees. At the same time, AZ NGA acquired AMP's minority stakes in 16 of its practices.

ASIC proposes further breach reporting relief

ANDREW MCKEAN  |  WEDNESDAY, 19 FEB 2025
... addressing some problems, more work needs to be done. Briggs pointed to an FSC survey of 29 superannuation, financial advice licensees, and funds management members, which found that each minor breach reported to ASIC costs $3800 in documentation, senior ...

ASIC updates on SMSF advice review

ELIZA BAVIN  |  THURSDAY, 13 FEB 2025
... assess compliance with the best interest duty and related obligations. In addition, ASIC is observing the role of AFS licensees in monitoring and supervising representatives who are providing SMSF establishment advice. ASIC said this includes considering ...

FSCP deregisters adviser for two years

KARREN VERGARA  |  WEDNESDAY, 12 FEB 2025
... crack down on bad SMSF advice, particularly where it relates to their set up. "We're also reviewing information from licensees about their oversight and the application of their policies and procedures in the context of SMSF establishment advice. ...

Jones flags drafting of Tranche 2 legislation

KARREN VERGARA  |  TUESDAY, 11 FEB 2025
... focus more effort on reviewing client advice files related to SMSFs being set up. "We're also reviewing information from licensees about their oversight and the application of their policies and procedures in the context of SMSF establishment advice. ...

Government to scrap advisers' approved qualifications list

KARREN VERGARA  |  MONDAY, 10 FEB 2025
... changes." Jones said: "Financial advisers are already registered by their authorising Australian Financial Services licensees under Stage 1. Not proceeding with Stage 2 removes unnecessary red tape on individual advisers."

Generation Development Group buys Evidentia

MATTHEW WAI  |  MONDAY, 10 FEB 2025
... strengths, it will be positioned to provide bespoke end-to-end investment management and manage account solutions for licensees, financial advisers and their clients. Grant Hackett, who was named group chief executive at GDG in December last year, said ...