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Showing 121 - 130 of 162 results for "AFS Licensee"

ClearView slams APL standard

KARREN VERGARA  |  TUESDAY, 18 APR 2017
Listed financial advice firm ClearView criticised the Financial Services Council's life insurance approved product list draft standard as superficial and ineffectual, saying it will only allow sub-par practices to continue. ClearView managing director ...

Sydney firm sees AFSL cancelled

EMMA RAPAPORT  |  WEDNESDAY, 18 JAN 2017
ASIC cancelled the Australian Financial Services Licence of Sydney based insurance company Core Insurance for failing to lodge financial statements and auditor reports for two years. Core Insurance, which trades as Ferme, has held its AFSL since October ...

Regulator finalises ANZ compliance review

ALEX BURKE  |  FRIDAY, 23 DEC 2016
ASIC confirmed the completion of ANZ's independent compliance review. The review, which was conducted by PwC, investigated compliance functions of ANZ's life and general insurance, superannuation and funds management businesses within the OnePath group. ...

Advisers to foot $24m bill

KERRIE SYDEE  |  TUESDAY, 8 NOV 2016
The financial advice industry will pay more than $20 million in levies to ASIC under the proposed industry model to fund the regulator. The figure was released in ASIC's consultation paper on the proposed industry funding model. ASIC forecasts its effort ...

Adviser Ratings makes two senior hires

KERRIE SYDEE  |  TUESDAY, 20 SEP 2016
Adviser Ratings has expanded its business with two senior hires. Jaime Brands joins as chief operating officer, bringing with her 10 years of industry experience, six of which were at Google Australia and New Zealand as head of external telesales operations ...

ASIC cancels AFSL, bans responsible managers

DARREN SNYDER  |  FRIDAY, 9 SEP 2016
ASIC recently cancelled the Australian financial services licence of Brisbane-based education and training business, The Sharemarket College. ASIC said the Sharemarket College failed to comply with a number of its obligations as a financial services ...

PMIIG licence cancelled

MARK SMITH  |  FRIDAY, 5 AUG 2016
ASIC has cancelled the Australian financial services licence of Pacific Millennium International Investment Group (PMIIG), with effect on 28 July, after it breached its obligations. PMIIG was authorised under its AFSL to provide general financial advice ...

ASIC makes two permanent bans

KERRIE SYDEE  |  FRIDAY, 13 MAY 2016
ASIC has permanently banned a former AFS licensee employee and former chairman of collapsed lender Wickham Securities and founder of Sherwin Financial Planners (in liquidation), from providing financial services. Former AFS licensee employee Nicolai ...

ASIC financial services enforcements down 10%

ALEX BURKE  |  THURSDAY, 6 AUG 2015
... regulatory guide on remediation programs by Australian financial services licensees. "We want to ensure that if an AFS licensee needs to provide remediation, they do so in a way that is fair, honest and efficient. Consumers will have greater trust if ...

ASIC bans incompetent adviser

MARK SMITH  |  THURSDAY, 30 APR 2015
... imposed licence conditions on Lionsgate due to concerns that it was not complying with its general obligations as an AFS licensee, with particular concerns about record keeping.