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Showing 181 - 190 of 880 results for "Australian Financial Services"

Financial services complaints rise

ELIZA BAVIN  |  MONDAY, 9 NOV 2020
... Locke said. "It has had a significant impact on Australian consumers, small businesses, and the Australian financial services industry."

The platforms with the most advisers

KANIKA SOOD  |  TUESDAY, 3 NOV 2020
... share, according to latest Rainmaker estimates. CBA's platform is used by 9835 advisers and 1085 Australian financial services licence. It is followed by AMP Flexible Lifetime with 6.9% market share by advisers -- 6240 advisers use it across 780 ...

Federal Court freezes investment scam, winds up SMSF operator

ANNABELLE DICKSON  |  TUESDAY, 27 OCT 2020
... Naseeruddin breached the Corporations Act by operating a financial services business without holding an Australian financial services licence (AFSL). ASIC alleges Beresford established Maxwell Financial Services in 2019 and offered investors financial ...

Financial services firm names new directors

ALLY SELBY  |  WEDNESDAY, 7 OCT 2020
... and was previously a director of Gilpear Investment Group. In early 1991, Parker joined Western Australian financial services firm Hartleys as a private client adviser and would go on to become a senior member of the firm's team. He was a member ...

Advice group flees MLC after IOOF takeover

ANNABELLE DICKSON  |  TUESDAY, 1 SEP 2020
HFM & Partners has made the decision to change its Australian financial services licence from MLC-owned GWM Adviser Services in light of the acquisition by IOOF. The announcement by IOOF to acquire MLC's advice business will see the creation of ...

Calls for consent forms, opt-ins to be scrapped

ELIZABETH MCARTHUR  |  TUESDAY, 18 AUG 2020
... at suggestions from the Financial Planning Association of Australia (FPA) that an overhaul of the Australian financial services licence (AFSL) system could be the solution to the industry's woes. "By killing a system where advisers can join an AFSL which ...

IOOF divests Australian Ethical

ELIZABETH MCARTHUR  |  FRIDAY, 7 AUG 2020
... profit after tax is immaterial. Australian Ethical has campaigned against unethical behaviour in the Australian financial services industry in the past. It divested its $8.8 million stake in IOOF in January 2019, saying the decision was driven by IOOF's ...

Debt vulture crackdown welcome

ELIZABETH MCARTHUR  |  WEDNESDAY, 29 JUL 2020
... they care about their customers." Many for-profit debt assistance providers do not hold a current Australian financial services (AFS) licence or Australian credit licence from ASIC, despite often appearing to provide services that require a license. ...

ASIC suspends OTC derivatives issuer

ANNABELLE DICKSON  |  TUESDAY, 21 JUL 2020
The corporate regulator has suspended the Australian financial services licence of Union Standard International Group. The Sydney-based retail over-the-counter derivatives issuer operating as USGFX is suspended until September 23 under 915B of the Corporations ...

Forex Capital to face Federal Court

ALLY SELBY  |  FRIDAY, 17 JUL 2020
... seeks declarations that Forex CT engaged in misleading or deceptive conduct and, as the holder of an Australian Financial Services (AFS) licence, contravened its obligations under s912A of the Corporations Act," the corporate watchdog said. "This includes ...