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Showing 111 - 120 of 1138 results for "Representatives"

Former wealth management chief ousted from financial services

ANDREW MCKEAN  |  FRIDAY, 2 AUG 2024
... UGC's AFS licence was revoked following a damning ASIC investigation which revealed that the firm's authorised representatives had contacted prospective clients, urged them to establish a self-managed superannuation fund (SMSF), rollover their existing ...

Court rejects former fund manager's appeal

KARREN VERGARA  |  WEDNESDAY, 31 JUL 2024
... and that he operated a financial services business without as AFS licence (AFSL). On 10 August 2021, his legal representatives filed an application seeking orders that the pleas of guilty be set aside. On 8 April 2022, the District Court dismissed the ...

Build Your Wealth adviser cops ban

KARREN VERGARA  |  FRIDAY, 26 JUL 2024
... provided were done so efficiently, honestly and fairly and that it failed to take reasonable steps to ensure its representatives complied with financial services laws," the regulator said. Many of the clients were in a self-managed superannuation fund ...

Industry funds defend CFMEU board ties

ANDREW MCKEAN  |  FRIDAY, 19 JUL 2024
Industry funds BUSSQ and Cbus have defended their respective boards' close ties to the CFMEU, saying all representatives satisfy the fit and proper standards outlined by APRA. This week the Victorian branch of the Construction, Forestry and Maritime ...

ASIC bans 'incompetent' financial services directors

ANDREW MCKEAN  |  FRIDAY, 19 JUL 2024
... were responsible for ensuring XTrade complied with financial services laws and monitoring the supervision of its representatives. However, ASIC found that they failed to manage conflicts of interests, which led to aggressive sales tactics by XTrade's ...

ASIC, APRA provide FAR update

ELIZA BAVIN  |  FRIDAY, 12 JUL 2024
... planning; reinsurance management; scam management; technology management; training and monitoring of relevant representatives and staff; underwriting; and whistleblower policy and process. New information in the package also includes a joint ASIC and ...

AWAG invests in advice firm, adds to network

KARREN VERGARA  |  MONDAY, 8 JUL 2024
... billion. "AWAG has an active pipeline of both EPS investments as well as the planned onboarding of authorised representatives into our wealth management advisory services business, CHPW Financial," AWAG chair Lee IaFrate said. "As the advice market continues ...

AIA Australia releases new member insurance portal

ANDREW MCKEAN  |  MONDAY, 1 JUL 2024
... claims decisions. Additionally, it provides secure digital access for solicitors, carers, and other third-party representatives, which AIA claims will allow them to efficiently handle and track claims on behalf of members. Members can also access content ...

ASIC takes action against Guildfords FM, director

KARREN VERGARA  |  FRIDAY, 28 JUN 2024
... liquidation - Magnolia Investment Management (MIM)and Magnolia Asset Management (MAM) - were also corporate authorised representatives of Guildfords. Last November, ASIC disqualified Atkins from managing corporations for five years and banned him for ...

Super account advice fees a sticking point for advice bill: Senate inquiry

KARREN VERGARA  |  FRIDAY, 21 JUN 2024
... Amendment (Delivering Better Financial Outcomes and Other Measures) Bill 2024, was introduced in the House of Representatives and read for a first time on March 27. The committee discussed 11 recommendations from the DBFO's predecessor, Michelle ...