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Showing 231 - 240 of 880 results for "Australian Financial Services"

ASIC catches illegal dual licensees

ELIZABETH MCARTHUR  |  MONDAY, 13 MAY 2019
Fifty-eight Australian financial services (AFS) licensees have had their authorisation revoked after ASIC found they were also authorised representatives of other AFS licensees. ASIC has revoked authorisation of these dual licence holders after an investigation ...

AMP leaks $1.8bn, names new CFO

HARRISON WORLEY  |  THURSDAY, 2 MAY 2019
... chair. "It's clear that people want and expect us to re-establish AMP as a strong player in the Australian financial services landscape. We will put the past behind us and build the new AMP," he said. Also speaking at the AGM, AMP chief executive ...

ASIC suspends advice group AFSL

ELIZABETH MCARTHUR  |  THURSDAY, 2 MAY 2019
ASIC has suspended the Australian financial services licence of a Sydney-based financial advice group. Australasia Wealth Services and Management failed to obtain membership of the Australian Financial Complaints Authority (AFCA), therefore breaching ...

SG Hiscock, DMP Asset Management to merge

HARRISON WORLEY  |  WEDNESDAY, 27 MAR 2019
... offering respective existing solutions to investors. Both SG Hiscock and DMP will retain separate Australian Financial Services Licenses, enabling the merged entity to operate on two fronts, using the brands of both businesses simultaneously. SGH will ...

ClearView defends risk advice commissions

KARREN VERGARA  |  TUESDAY, 26 MAR 2019
... majority of financial advisers can only choose from a narrow menu of products dictated by their Australian Financial Services Licensee (AFSL)." Under the LIF, which was introduced on 1 January 2018, the first year's premium is capped at 80% with ...

Morgans Financial licence conditions lifted

ELIZABETH MCARTHUR  |  MONDAY, 25 MAR 2019
... implementing responses to the recommendations. As a result of the report, ASIC has updated Morgans' Australian financial services licence conditions.

New ethics test for bankers

KANIKA SOOD  |  MONDAY, 25 MAR 2019
... executive Simon Culhane said: "The CISI Is delighted to work with this leading professional body in Australian Financial Services which already has a strong focus of professionalism, a core part of which is ethics and integrity." "Such programs contribute ...

Former adviser cops 10-year prison sentence

JAMIE WILLIAMSON  |  MONDAY, 18 MAR 2019
... decision handed down today," ASIC Commissioner Sean Hughes said. Nakhl is a former representative of Australian Financial Services Limited which has since gone into liquidation. He was the sole director of SydFA. The regulator's action against Nakhl ...

ASIC releases AFSL approval data

JAMIE WILLIAMSON  |  FRIDAY, 1 MAR 2019
Of the 1728 new Australian Financial Services Licence applications ASIC considered last financial year, 758 were approved. Close to 200 AFSLs were cancelled in the same period. Latest statistics from ASIC show that of the 758 approvals, 303 comprised ...

AFCA hears legacy complaints

KANIKA SOOD  |  THURSDAY, 21 FEB 2019
... this timeframe is reduced to two years." In his final report Commissioner Hayne recommended that Australian financial services licence (AFSL) holders should be obliged to take reasonable steps to co-operate with AFCA in its resolution of particular disputes ...