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Showing 131 - 140 of 162 results for "AFS Licensee"

ASIC imposes conditions on Guardian Advice

STAFF WRITER  |  WEDNESDAY, 7 JAN 2015
... said the company, which specialises in life insurance advice, was not complying with its general obligations as an AFS licensee, including failing to properly supervise its authorised representatives. Under the conditions, Guardian Advice must appoint ...

Government clarifies adviser register funding

LAURA MILLAN  |  MONDAY, 27 OCT 2014
... Financial Standard that the current lodgement fee of $38 will increase to $44 and that the $24 fee to update and remove AFS licensee's records will increase to $30. These additional costs are on top of the usual CPI increase to the current fees. Cormann's ...

Funding for the government's adviser register unclear

LAURA MILLAN  |  FRIDAY, 24 OCT 2014
How the public register of financial advisers will be funded remains unclear, with the government saying that the money will come via a $5 hike in the annual lodgement fee for Australian Financial Services (AFS) licensees. A statement from Minister ...

ASIC demands last resort compensation scheme

LAURA MILLAN  |  MONDAY, 20 OCT 2014
... System Inquiry (FSI). ASIC noted that the effectiveness of professional indemnity (PI) insurance "is limited where an AFS licensee is in external administration and more generally as a result of the limitations of PI insurance as a consumer protection ...

ASIC bans person who made false Facebook investment claims

JAMES FERNYHOUGH  |  THURSDAY, 25 SEP 2014
... Sappideen did not hold an Australian financial services (AFS) licence and was an authorised representative of an AFS licensee.

ASIC reviews FoFA progress

JAMES FERNYHOUGH  |  THURSDAY, 18 SEP 2014
The Future of Financial Advice (FoFA) reforms have had little effect on either adviser numbers or the type of financial advice AFS licensees provide, according to the Australian Securities and Investments Commission (ASIC). In its review on the implementation ...

CBA, ASIC unveil details of new compensation scheme

LAURA MILLAN  |  FRIDAY, 8 AUG 2014
Commonwealth Bank (CBA) has revealed the details of the new licensing conditions for its financial planning businesses after the original process to compensate victims of poor advice was found to be inconsistent. Commonwealth Financial Planning (CFPL) ...

ASIC cancels 8 AFSLs after review

LAURA MILLAN  |  TUESDAY, 22 JUL 2014
Eight advice businesses have had their Australian financial services (AFS) licenses cancelled after an Australian Securities and Investments Commission (ASIC) review into licensees that failed to lodge audited annual statement. The review has resulted ...

ASIC eyes fee for service funding model

LAURA MILLAN  |  TUESDAY, 8 APR 2014
The Australian Securities and Investments Commission (ASIC) asked the Financial System Inquiry (FSI) to consider changing the regulator's funding model to one partly based on fee for service. In a submission to the Murray inquiry, ASIC proposed to charge ...

ASIC asks for public adviser register to track "bad apples"

LAURA MILLAN  |  FRIDAY, 1 NOV 2013
The Australian Securities and Investments Commission (ASIC) has asked for a public register of financial advisers detailing licensee records so the regulator and investors can easily identify "bad apples." In a submission to the Senate inquiry about ...