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Showing 191 - 200 of 335 results for "Cancelled"

Dover AFSL cancelled, McMaster exits industry

JAMIE WILLIAMSON  |  FRIDAY, 29 JUN 2018
... dealer group informed ASIC it would cease operating its financial services business and would request to have its licence cancelled. Due to McMaster's significant involvement in this conduct, ASIC stated McMaster is not of good fame and character and ...

ASIC issues warning over Dover advisers

JAMIE WILLIAMSON  |  WEDNESDAY, 13 JUN 2018
... for a period of time. However, Dover advisers were given less than 30 days' notice that their authorisation would be cancelled on 6 July 2018 - a period for action made shorter by a long weekend across most of Australia. Yesterday Association of Financial ...

Industry responds to Dover shutdown

JAMIE WILLIAMSON  |  TUESDAY, 12 JUN 2018
... clients and giving advisers less than 30 days to make transitional arrangements before the dealer group's AFSL is cancelled by ASIC on 6 July 2018. According to Rainmaker data, Dover is the second largest non-institutionally aligned dealer group ...

Chief economist update: Italy and Spain an emerging ECB problem

BENJAMIN ONG  |  MONDAY, 28 MAY 2018
... rolling circus again came to the fore with his flip-flop-flip over the US-North Korean summit - just a day after Trump cancelled the summit, he declared it back on again. Make what you will of it, but I think Trump has more to lose - like the Nobel Peace ...

ASIC cancels Melbourne firm's AFSL

KANIKA SOOD  |  THURSDAY, 17 MAY 2018
ASIC has cancelled the Australian financial services (AFS) licence of a Melbourne-based advice firm, which was among a trio of companies that copped a $7.2 million fine from the corporate regulator in February. ASIC took Wealth & Risk Management Pty ...

ASIC deregisters 117 SMSF auditors

KANIKA SOOD  |  WEDNESDAY, 2 MAY 2018
The corporate regulator cancelled the registrations of 117 SMSF auditors after they failed to lodge annual statements. The auditors stripped of their registrations will no longer be able to audit self-managed superannuation funds (SMSFs). "Conducting ...

RECAP: Advice in the Royal Commission spotlight (Days 6- 9)

KANIKA SOOD  |  FRIDAY, 27 APR 2018
... as Mr E. Mr E advised a husband and wife couple to rollover their superannuation balances to AMP's myNorth accounts, cancelled the husband's life insurance policy, leaving him uninsured for three months, and finally charged him an exit fees of $16,000. ...

AMP kept unsuspecting clients in the dark: RC

KARREN VERGARA  |  TUESDAY, 24 APR 2018
... balances of his TAL and MLC MasterKey superannuation accounts to AMP's MyNorth product to the tune of $125,000. He also cancelled the husband's life insurance policy leaving him uninsured for three months. This service mounted $16,000 of exit fees and ...

NAB details serious compliance concerns in RC advice submission

JAMIE WILLIAMSON  |  MONDAY, 16 APR 2018
... circumstances, including advice that resulted in a customer being uninsured. There were also cases of insurance being cancelled before new policies had taken effect and recommendations for insurance switching that didn't benefit the customer. Instances ...

ANZ issues last minute RC submission correction

JAMIE WILLIAMSON  |  MONDAY, 16 APR 2018
... of $4.5 million. At the same time, ANZ also continued to deduct fees from the accounts of certain customers who had cancelled their services, with the total number of customers involved still yet to be determined. At this stage, ANZ estimated 198 customers ...