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Showing 151 - 160 of 949 results for "Representatives 221"

Brighter Super revamps board structure

JAMIE WILLIAMSON  |  TUESDAY, 24 JAN 2023
Having maintained a 15-person board to oversee the integration of Energy Super and Suncorp's superannuation business, Brighter Super kicked off 2023 with a new board composition including a new appointment. As of this month, Brighter Super's ...

AAT upholds AFSL cancellation

CHLOE WALKER  |  THURSDAY, 12 JAN 2023
The Administrative Appeals Tribunal (AAT) has supported ASIC's decision to cancel the AFSL of Olive Financial Markets Pty Ltd (Olive). Between 2013 and 2018, Olive operated both a managed discretionary account (MDA) service and a superannuation rollover ...

DASS clients pushed to accept paltry recoupment

ANDREW MCKEAN  |  FRIDAY, 2 DEC 2022
Dixon Advisory and Superannuation Services administrators have said it's in the best interest of the failed group's creditors to vote in favour of a proposed deed of company arrangement that would see them receiving as little as 3.1 cents on ...

Advisers must register for FSCP: ASIC

CASSANDRA BALDINI  |  THURSDAY, 24 NOV 2022
Appearing at the FPA Congress today, ASIC senior executive leader Leah Sciacca explained that all financial advisers will need to register with the ASIC Financial Services and Credit Panel, in addition to being registered on the Financial Advisers Register. ...

ASIC accepts EU firm from advice firm

CASSANDRA BALDINI  |  TUESDAY, 15 NOV 2022
ASIC has accepted a court enforceable undertaking from financial advice firm Lasarith and its sole director and responsible manager Adam Smith. Lasarith, trading as Succession Matters, will cease operating its financial services business under its AFSL ...

CALI backed by industry

CASSANDRA BALDINI  |  MONDAY, 7 NOV 2022
The Council of Australian Life Insurers (CALI) has been backed by the industry with 19 life insurers and reinsurers joining its membership. CALI's membership now represents 99% of the life insurance industry and 100% of the reinsurance industry in Australia. ...

Regulators to face committee scrutiny

JAMIE WILLIAMSON  |  MONDAY, 10 OCT 2022
The ACCC, APRA and ASIC will front the House of Representatives Standing Committee on Economics tomorrow to discuss super fund underperformance, greenwashing and the rise of finfluencers. In what will be the committee's first public hearings into the ...

Dixon Advisory pays $7m for poor advice

JAMIE WILLIAMSON  |  TUESDAY, 20 SEP 2022
Dixon Advisory will pay $7.2 million for providing inappropriate advice and not meeting client best interests obligations. The Federal Court found that six Dixon Advisory representatives did not act in the best interests of eight clients on 53 occasions. ...

Active Super reaffirms commitment to regional members

JAMIE WILLIAMSON  |  FRIDAY, 2 SEP 2022
Home to more than 12% of its members, Active Super has opened a new office to service Newcastle and the Central Coast, with chief executive Phil Stockwell saying the importance of regional and rural New South Wales to the fund can't be downplayed. ...

ASIC issues warning over brokers' high-risk offers

JAMIE WILLIAMSON  |  WEDNESDAY, 31 AUG 2022
ASIC has told brokers to be careful about or to reconsider offering high-risk products and services to retail investors as an increasing number offer securities trading. ASIC said it has seen increased instances of brokers offering securities trading ...