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Showing 181 - 190 of 1092 results for "AFS"

Complaints filed against ASIC lawyers

JAMIE WILLIAMSON  |  FRIDAY, 19 NOV 2021
Mayfair 101's James Mawhinney has lodged a formal complaint against ASIC's lawyers after they allegedly sent a press release about contempt charges brought against him before he was properly served with proceedings. Mawhinney has filed complaints with ...

Sequoia buys general insurance book

JAMIE WILLIAMSON  |  THURSDAY, 18 NOV 2021
The ASX-listed wealth group is expanding its offering, obtaining a new general insurance AFSL and acquiring the customer book of a brokerage firm. Sequoia Financial Group has acquired the customer book of Tag Insurance Brokers, its associated business ...

ASIC launches remediation review

KARREN VERGARA  |  WEDNESDAY, 17 NOV 2021
... and compensate consumers sooner. The corporate watchdog launched a new consultation with the advice industry to ensure that AFS licensees act efficiently, honestly, and fairly when remediating consumers. ASIC deputy chair Karen Chester said one of the ...

BT Practice Principals' Community goes independent

ELIZABETH MCARTHUR  |  TUESDAY, 16 NOV 2021
Former BT executive Kon Costas has spun out the institution's self-licensee offering, launching his own business. Now known as the Principals' Community, Costas has formed it as an independent and dedicated self-licensed offer with the objective ...

Demand for niche advice firms increases

KARREN VERGARA  |  TUESDAY, 16 NOV 2021
... of any size that generate $100,000 to $1 million of recurring revenue. Those looking to acquire express strong interest in AFS licences. These could be a plain vanilla-type AFSL with the standard authorisations such as superannuation, risk insurance ...

BTC Markets adds to advisory board

ANNABELLE DICKSON  |  TUESDAY, 16 NOV 2021
The digital assets exchange appointed two new senior additions to its advisory board, hiring from ASX and Tyro. David Raper and Garry Duursma joined the advisory board following the release of the final report of the Parliamentary Committee on Australia ...

ASIC cancels AFSL of Future Asset Management

ELIZABETH MCARTHUR  |  FRIDAY, 12 NOV 2021
The regulator has stripped Future Asset Management International of its licence to operate. ASIC cancelled the firm's Australian financial services licence because it is in liquidation. Future AM International is the responsible entity for Future Asset ...

Government advances adviser levy drop

KARREN VERGARA  |  THURSDAY, 11 NOV 2021
... whopping 36% drop on the variable amount of $3138 based on earlier estimates. The new levy of $25.8 million is split among 2934 AFS licensees with 18,750 advisers. For advisers who provide retail advice for products that are not relevant financial products ...

ASIC issues warning to finfluencer sponsors

KARREN VERGARA  |  WEDNESDAY, 10 NOV 2021
... regulatory risks," she said. The warning follows ASIC's deep dive into finfluencers, the majority of which do not hold an AFS licence and meet educational requirements. It is also currently engaging with social media platforms and their moderators. ...

BOQ divests St Andrew's Insurance

KARREN VERGARA  |  WEDNESDAY, 27 OCT 2021
Bank of Queensland will offload St Andrew's Insurance for $23 million after receiving approval from APRA. BOQ announced on 14 October 2020 that it entered into an agreement with Farmcove Investment Holdings to sell St Andrew's subject to APRA's ...