Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 211 - 220 of 880 results for "Australian Financial Services"

Registration deadline extended: ASIC

ELIZABETH MCARTHUR  |  THURSDAY, 14 NOV 2019
ASIC has told Australian financial services licensees that they will not be in breach of the law because their financial advisers were not able to register with ASIC-approved compliances schemes. The original deadline for registering was 1 January 2020. ...

ASIC calls out accountants

ELIZA BAVIN  |  TUESDAY, 5 NOV 2019
... released by Treasury, the regulator said it does not believe accountants should be exempt from the Australian Financial Services license regime, but that the system does need simplifying. "While we do not consider that there is any justifications for ...

RI Advice faces ASIC action

JAMIE WILLIAMSON  |  THURSDAY, 31 OCT 2019
... Commission. According to the case study, Doyle was one of a number of advisers recruited by RI Advice from Australian Financial Services Pty Ltd because they held $677 million in funds under management in a product issued by an entity associated with ...

Whistleblower calls out approved product lies

ELIZA BAVIN  |  WEDNESDAY, 23 OCT 2019
... new paper on the consumer impact of Approved Product Lists (APLs) claims institutionally-aligned Australian Financial Services Licensees (AFSLs) are funneling new clients into in-house products, potentially in breach of Best Interest Duty obligations. ...

Dealer group shuts after advisers depart

KANIKA SOOD  |  FRIDAY, 18 OCT 2019
A dealer group boss decided to close down its Australian Financial Services License after finding it hard to restock advisers with the FASEA education requirements. Queensland-based Myonlineadvisers was started by James Sutherland in 2012 as a non-aligned ...

ASIC nudges robo-adviser to shutter

ELIZABETH MCARTHUR  |  FRIDAY, 18 OCT 2019
... voluntarily shut down two robo-advice tools after ASIC raised concerns. Lime FS, a Sydney-based Australian financial services licensee, was running corporate authorised representatives Plenty Wealth, Plenty Plus and Lime Wealth as digital advice providers ...

Elders in discussions over future

ELIZA BAVIN  |  TUESDAY, 8 OCT 2019
... this proposal," Elders said. Elders does not directly employ any advisers, but authorises use of it Australian Financial Services License to 63 advisers who operate their own independent businesses. Elders said it has been in discussions over the businesses ...

Licensee faces hefty remediation bill

ELIZABETH MCARTHUR  |  WEDNESDAY, 18 SEP 2019
Australian financial services license holder ClearView Financial Advice has been hit with a remediation bill for $730,000. ClearView's review and remediation program for over 200 clients who received poor life insurance advice resulted in the figure. ...

Senate creates committee on fintech, regtech

KRISTI CHENG  |  THURSDAY, 12 SEP 2019
... startups, which allows the companies to test certain products or services for up to 12 months without an Australian financial services licence or credit licence. The Financial Planning Association of Australia welcomed the creation of this committee ...

ASIC bans SMSF business director

HARRISON WORLEY  |  THURSDAY, 22 AUG 2019
... ASIC, Superfunded provided financial services and engaged in credit activities, but held neither an Australian financial services license, nor an Australian credit license, and was not acting as an authorised representative of another licensee. The regulator ...