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Showing 241 - 250 of 905 results for "Australian Financial Service"

Advice dealer group shutters

HARRISON WORLEY  |  FRIDAY, 31 MAY 2019
More than 30 financial advisers are left without a home as Spectrum Wealth Advisers shuts up shop. Freedom Insurance Group has today revealed Spectrum will close earlier than originally intended as it can no longer meet a "key person" requirement of ...

Former Kaz Capital adviser banned

ELIZABETH MCARTHUR  |  FRIDAY, 17 MAY 2019
A former Kaz Capital adviser has been banned by ASIC for six years. David Stephen Cornford has been banned from providing financial services for a period of six years following an ASIC investigation during which he was found to be buying and selling ...

ASIC pushes regtech adoption

ELIZABETH MCARTHUR  |  TUESDAY, 14 MAY 2019
ASIC has launched three regtech events in conjunction with industry and other stakeholders to promote regtech adoption among Australian financial services organisations. These events are an opportunity for regtech startups and financial services organisations' ...

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
AMP's wealth management arm saw net outflows of $1.8 billion last quarter. Announced as part of its annual general meeting today, the embattled wealth manager revealed outflows from its Australian wealth business tipped $1.8 billion in the first ...

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
Boutique fund manager SG Hiscock (SGH) and DMP Asset Management (DMPAM) have agreed to merge by the end of the month. In announcing the merger plans, the two firms said a union will see the formation of a new organisation based out of Melbourne, offering ...

ClearView defends risk advice commissions

KARREN VERGARA  |  TUESDAY, 26 MAR 2019
ClearView is countering Commissioner Kenneth Hayne's recommendation to reduce or eliminate commissions financial advisers earn from life insurance products. It is "way too early," ClearView wrote in an email to advisers, to consider tinkering with ...

Morgans Financial licence conditions lifted

ELIZABETH MCARTHUR  |  MONDAY, 25 MAR 2019
A full-service stockbroking and wealth management firm with over 60,000 active clients has had additional licence conditions lifted. Morgans Financial had the conditions imposed in November 2016. ASIC has now removed the conditions as at March 19. The ...

New ethics test for bankers

KANIKA SOOD  |  MONDAY, 25 MAR 2019
The Financial Services Institute of Australasia entered into an agreement to introduce an ethics test for Australian bankers and securities markets professionals. The test has been developed in partnership with the Chartered Institute for Securities ...