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Showing 111 - 120 of 1940 results for "licensee"

Clime shutters two funds, offloads retail book

KARREN VERGARA  |  TUESDAY, 25 NOV 2025
... Fund," he said. With respect to the divestment, three staff members attached to the retail business will move to a new licensee. Clime managing director Michael Baragwanath said the group will focus on the high-net-worth segment. "Our core strength remains ...

Two financial services directors fined $15k over reporting failures

MATTHEW WAI  |  TUESDAY, 25 NOV 2025
Directors of Sheffield Insurance Pty Ltd (trading by the name of Sheffield Insurance Services), Phillip Bird and Daniel Holmes, have been convicted of two offences and fined $15,000 over failure to lodge financial statements and auditors' reports with ...

MLC platform adds retirement specialist

ELIZABETH FRY  |  THURSDAY, 20 NOV 2025
... MLC Expand chief executive Liz McCarthy said the firm had been pleased with the feedback and demand from advisers and licensee groups since launching MLC Retirement Boost. The product operates like a standard superannuation account but allows customers ...

Why risk advice is on the verge of collapse: Experts

MATTHEW WAI  |  WEDNESDAY, 19 NOV 2025
... their advice. That would mean that if those people were in place, whether it's as part of a broader financial service licensee or whatever, they wouldn't have that same flexibility to receive remuneration," Ross said. "They'd need to be remunerated ...

FAAA launches digital client identification tool

KARREN VERGARA  |  WEDNESDAY, 19 NOV 2025
The Financial Advice Association Australia (FAAA) will launch a digital client identification tool to assist advisers identify and verify their clients for anti-money laundering and counter-terrorism financing (AML/CTF) purposes. FAAA SafeID, an end-to-end ...

HUB24 takes stake in Finura Digital

ELIZA BAVIN  |  WEDNESDAY, 19 NOV 2025
HUB24 has taken an equity stake in Finura Digital, the parent company to Advice Designer, a SaaS platform that helps financial advisers automate their advice production processes. In addition, HUB24 will introduce myhub, an "ecosystem concept" being ...

ASIC acts against MWL, its director and lead generator

ANGELIQUE MINAS  |  THURSDAY, 13 NOV 2025
... promotion of Shield. ASIC believes Maikousis, as MWL director, was directly involved in alleged contraventions of its general licensee obligations, namely its obligation to ensure authorised representatives act in the client's best interests, and related ...

Interprac sued over Shield, First Guardian failures

JAMIE WILLIAMSON  |  THURSDAY, 13 NOV 2025
... the 3.75 stars it gave Shield. The regulator has also now commenced proceedings against SQM for its involvement. The licensee also failed to respond appropriately to the use of lead generators, namely Imperial Capital Group Australia and AGAT Business ...

ASIC cracks down on adviser CPD failures

ELIZA BAVIN  |  FRIDAY, 7 NOV 2025
Five financial advisers have been brought before the Financial Services and Credit Panel (FSCP) for failing to comply with their continuing professional development (CPD) requirements, ASIC said. The financial regulator convened multiple sitting panels ...

HESTA pays $40k fine for greenwashing

ELIZA BAVIN  |  THURSDAY, 6 NOV 2025
HESTA has paid $37,560 to comply with two infringement notices issued by ASIC for misleading statements. ASIC alleged the $100 billion super fund made misleading statements in paid advertisements about its commitment to removing carbon emissions investments. ...