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Showing 131 - 140 of 784 results for "Australian Financial Services"

Advice dealer group shutters

HARRISON WORLEY  |  FRIDAY, 31 MAY 2019
... close earlier than originally intended as it can no longer meet a "key person" requirement of its Australian Financial Services License, following the departure of a number of personnel within its financial services business. "Spectrum is unable to continue ...

Former Kaz Capital adviser banned

ELIZABETH MCARTHUR  |  FRIDAY, 17 MAY 2019
... for, or the price of trading in, shares. ASIC found Cornford provided a financial service when the Australian financial services licence of Kaz Capital did not cover the provision of the service. ASIC imposed licence conditions on Kaz Capital in January ...

ASIC pushes regtech adoption

ELIZABETH MCARTHUR  |  TUESDAY, 14 MAY 2019
... regtech events in conjunction with industry and other stakeholders to promote regtech adoption among Australian financial services organisations. These events are an opportunity for regtech startups and financial services organisations' in-house development ...

ASIC catches illegal dual licensees

ELIZABETH MCARTHUR  |  MONDAY, 13 MAY 2019
Fifty-eight Australian financial services (AFS) licensees have had their authorisation revoked after ASIC found they were also authorised representatives of other AFS licensees. ASIC has revoked authorisation of these dual licence holders after an investigation ...

AMP leaks $1.8bn, names new CFO

HARRISON WORLEY  |  THURSDAY, 2 MAY 2019
... chair. "It's clear that people want and expect us to re-establish AMP as a strong player in the Australian financial services landscape. We will put the past behind us and build the new AMP," he said. Also speaking at the AGM, AMP chief executive ...

ASIC suspends advice group AFSL

ELIZABETH MCARTHUR  |  THURSDAY, 2 MAY 2019
ASIC has suspended the Australian financial services licence of a Sydney-based financial advice group. Australasia Wealth Services and Management failed to obtain membership of the Australian Financial Complaints Authority (AFCA), therefore breaching ...

SG Hiscock, DMP Asset Management to merge

HARRISON WORLEY  |  WEDNESDAY, 27 MAR 2019
... offering respective existing solutions to investors. Both SG Hiscock and DMP will retain separate Australian Financial Services Licenses, enabling the merged entity to operate on two fronts, using the brands of both businesses simultaneously. SGH will ...

ClearView defends risk advice commissions

KARREN VERGARA  |  TUESDAY, 26 MAR 2019
... majority of financial advisers can only choose from a narrow menu of products dictated by their Australian Financial Services Licensee (AFSL)." Under the LIF, which was introduced on 1 January 2018, the first year's premium is capped at 80% with ...

Morgans Financial licence conditions lifted

ELIZABETH MCARTHUR  |  MONDAY, 25 MAR 2019
... implementing responses to the recommendations. As a result of the report, ASIC has updated Morgans' Australian financial services licence conditions.

New ethics test for bankers

KANIKA SOOD  |  MONDAY, 25 MAR 2019
... executive Simon Culhane said: "The CISI Is delighted to work with this leading professional body in Australian Financial Services which already has a strong focus of professionalism, a core part of which is ethics and integrity." "Such programs contribute ...