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Showing 121 - 130 of 784 results for "Australian Financial Services"

Licensee faces hefty remediation bill

ELIZABETH MCARTHUR  |  WEDNESDAY, 18 SEP 2019
Australian financial services license holder ClearView Financial Advice has been hit with a remediation bill for $730,000. ClearView's review and remediation program for over 200 clients who received poor life insurance advice resulted in the figure. ...

Senate creates committee on fintech, regtech

KRISTI CHENG  |  THURSDAY, 12 SEP 2019
... startups, which allows the companies to test certain products or services for up to 12 months without an Australian financial services licence or credit licence. The Financial Planning Association of Australia welcomed the creation of this committee ...

ASIC bans SMSF business director

HARRISON WORLEY  |  THURSDAY, 22 AUG 2019
... ASIC, Superfunded provided financial services and engaged in credit activities, but held neither an Australian financial services license, nor an Australian credit license, and was not acting as an authorised representative of another licensee. The regulator ...

ASIC bans adviser again

HARRISON WORLEY  |  FRIDAY, 16 AUG 2019
... conjunction with an undertaking from Aujla not to provide financial services, apply for either an Australian financial services licence or become an authorised representative of an AFSL for the full period. After the period ended, Aujla was authorised ...

Sam Henderson cops ASIC ban

KANIKA SOOD, JAMIE WILLIAMSON  |  WEDNESDAY, 24 JUL 2019
... manager at Henderson Maxwell, was also involved in Henderson Maxwell breaching its obligation as an Australian Financial Services licensee to disclose information about relationships or associations that could influence the financial advice provided. ...

Managed investment scheme operator AFSL canned

ELIZABETH MCARTHUR  |  FRIDAY, 12 JUL 2019
The Australian financial services licence of a Sydney-based managed investment scheme operator was cancelled by ASIC. The corporate regulator cancelled the licence of Australian Mutual, which operated a number of investment schemes. The cancellation ...

Small caps boutique shuts doors

KANIKA SOOD  |  WEDNESDAY, 10 JUL 2019
... returned to investors, a Mhor spokesperson said. Mhor Asset Management also filed to ASIC for its Australian Financial Services Licence to be cancelled. It charged a 1.5% p.a. management fee plus 15.38% performance fee on the amount by which it exceeded ...

ASIC boosts AFSL application requirements

HARRISON WORLEY  |  MONDAY, 8 JUL 2019
ASIC has altered the procedure it uses to assess Australian Financial Services Licence applicants, with many now required to provide more historic information to the corporate regulator. ASIC released information sheet 240 to help guide for AFSLs affected ...

ASIC to offer AFSL relief to overseas firms

HARRISON WORLEY  |  THURSDAY, 4 JUL 2019
... the need for foreign providers of funds management services to professional investors to hold an Australian Financial Services Licence. The corporate regulator released consultation paper 315, which outlines its proposal to provide funds management relief ...

Former Gold Coast adviser banned

HARRISON WORLEY  |  MONDAY, 3 JUN 2019
... Austplan's issues with home referrals for SMSFs are not new. Last year the firm was forced to forego its Australian financial services licence after ASIC said it was concerned about the its ability to "do all things necessary to ensure the advice provided ...