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Showing 121 - 130 of 1220 results for "Licensees"

APRA prioritises supervision of trustee spending

JAMIE WILLIAMSON  |  TUESDAY, 22 OCT 2024
... identified "deficient" and "questionable" practices among funds. APRA deputy chair Margaret Cole has informed all RSE licensees that it will be intensifying its supervision of their expenditure as it looks to curb spending that is not in the best financial ...

AMP's MyNorth sees inflows rise 76%

ELIZA BAVIN  |  THURSDAY, 17 OCT 2024
... update on the group's divestment of its advice business. AMP announced back in August that it would sell its advice licensees and support services business to Entireti and AZ NGA and offload its minority stakes in 16 individual practices. "The new partnership ...

Expand bolsters SMA offerings amid $10bn milestone

MATTHEW WAI  |  WEDNESDAY, 16 OCT 2024
... different lenses. "Our continued commitment to the growth, innovation and development of the Expand platform will support licensees and advisers to access simpler, faster and more intuitive investment solutions, helping them to achieve better outcomes ...

ASIC cancels fewer AFSLs in FY24

KARREN VERGARA  |  FRIDAY, 11 OCT 2024
... Kirkland said: "ASIC's licensing and professional registration function plays a key gatekeeping role by ensuring new licensees and registered professionals meet the necessary thresholds." "This year we are continuing to improve ASIC's licensing ...

Netwealth FUA soars, names new chief financial officer

ELIZA BAVIN  |  THURSDAY, 10 OCT 2024
... Netwealth said it will work with the Flux team to extend the reach of Netwealth products and services to advisers and licensees looking to deliver new services to younger clients. "We are pleased to welcome the Flux team to Netwealth. They have achieved ...

Fund manager splashes $240m on AZ NGA

KARREN VERGARA  |  TUESDAY, 1 OCT 2024
... accounting businesses. The group collectively has $15.1 billion in assets under advice. AMP is currently divesting its advice licensees and support services businesses to Entireti and AZ NGA for $10.2 million. AZ NGA is acquiring AMP's minority stakes ...

ASIC extends two advice instruments

KARREN VERGARA  |  WEDNESDAY, 25 SEP 2024
... Situations) Instrument 2024/620 and ASIC Corporations Record-Keeping Requirements for Australian Financial Services Licensees when Giving Personal Advice) Instrument 2024/508 for the purpose of extending reliefs that were due to expire in October. They ...

ASIC updates and reissues RG 121

ELIZA BAVIN  |  MONDAY, 23 SEP 2024
... the new guidance has updated descriptions of, or references to, financial products and services, obligations of AFS licensees, legislation administered by ASIC, other applicable rules and legislation, and ASIC's regulatory documents to reflect the current ...

ASIC cancels AFSL of foreign exchange contracts issuer

ELIZA BAVIN  |  THURSDAY, 5 SEP 2024
... breaches of its core obligations. The regulator said that by cancelling the licence it also aimed to deter other AFS licensees from failing to "comply with their obligations, promote the objects of fairness, honesty and professionalism by those who provide ...

ASIC launches new AFSL portal

ELIZA BAVIN  |  THURSDAY, 29 AUG 2024
... services licences (AFSL). The new AFSL portal was launched on August 12 for a limited, invitation-only group. All AFS licensees and applicants will transition to the new AFSL portal in the first quarter of 2025. ASIC said the portal aims to simplify ...