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Showing 271 - 280 of 424 results for "Financial Services business"

ASIC cracks down on advisers over PI insurance

LAURA MILLAN  |  THURSDAY, 7 AUG 2014
... also prompted 17 entities to voluntarily cancel their AFS licences as they were no longer operating a financial services business and confirmed the professional indemnity insurance arrangements of the remaining licensees. ASIC deputy chairman Peter Kell ...

ASIC to renew focus on misleading advertising

LAURA MILLAN  |  THURSDAY, 31 JUL 2014
... enforceable undertakings. "Advertising is often a consumer's first contact with a financial product or financial services business, and plays a significant role in the consumer's perceptions and expectations. It is imperative that such advertisements ...

ASIC cancels 8 AFSLs after review

LAURA MILLAN  |  TUESDAY, 22 JUL 2014
... documents. Seventeen entities elected to voluntarily cance their AFS licences and are no longer operating a financial services business. A further seven licensees face possible suspension or cancellation for failing to lodge audited annual statements. ...

SMSFs stung by $1M property Ponzi scheme

LAURA MILLAN  |  FRIDAY, 18 JUL 2014
... of obtaining property by deception, obtaining financial advantage by deception, theft and running a financial services business without a licence. An investigation by the Australian Securities and Investments Commission (ASIC) found that Patrick often ...

FSI asks industry to consider greater ASIC powers

MARK SMITH  |  TUESDAY, 15 JUL 2014
... and technology service providers, and giving ASIC greater power to ban individuals from managing a financial services business. It also raised the possibility of providing the regulator with greater product intervention and product banning powers. Looking ...

Industry funds must learn from banks: Equip

JAMES FERNYHOUGH  |  MONDAY, 12 MAY 2014
... just super. "The future of super is not just in super for super funds. We believe we're becoming a financial services business. We've got a financial advice arm, and a lot of the member relationship is going to be built around education and advice." ...

Regulation holding financial services back: Brogden

MARK SMITH  |  TUESDAY, 11 FEB 2014
... Brogden has blamed "out-dated" regulation and taxation for Australia's failure to effectively export its financial services business. In the FSC's Budget submission, Brogden pointed out that at 8.7% of GDP, financial services is the largest sector in ...

Mercer wins Mercy Super admin gig

JAMES FERNYHOUGH  |  MONDAY, 3 FEB 2014
... and funds under management of $900 million, making it Mercer's largest Queensland client. Mercer's financial services business leader Ben Walsh said of the deal: "We are looking forward to working closely with Mercy Super to support them in building ...

NGS Super launches direct investment platform

MARK SMITH  |  THURSDAY, 30 JAN 2014
... program with Mercer so they can advise members on how to use the platform. Ben Walsh, leader of Mercer's Financial Services Business for the Pacific region said that the platform's design sought to gain economies of scale while still tailoring the product ...

Accountant guilty of operating 21 unregistered schemes

LAURA MILLAN  |  THURSDAY, 30 JAN 2014
... using his position as a director using investor funds totaling almost $550,000 and of carrying on a financial services business without an Australian financial services (AFS) licence. Between 1998 and 2010 more than 1000 investors placed more than $100 ...