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Showing 281 - 290 of 1222 results for "Licensees"

ASIC releases estimate cost recovery levies for 2021/22

ANDREW MCKEAN  |  TUESDAY, 7 JUN 2022
... its latest cost recovery implementation statement, ASIC proposed a minimum levy of $1500 plus $1142 per adviser for licensees that provide personal advice to retail clients on relevant financial products. The $1500 flat per licensee charge remains unchanged ...

ASIC outlines cybersecurity expectations

JAMIE WILLIAMSON  |  FRIDAY, 13 MAY 2022
Following on from RI Advice's Federal Court loss, the corporate regulator has laid out its expectations of licensees when it comes to cybersecurity. Just last week, in what was an Australian-first, the Federal Court found RI Advice failed its obligations ...

Federal Court rules against RI Advice in cybersecurity case

JAMIE WILLIAMSON  |  THURSDAY, 5 MAY 2022
... to determine if any further measures are necessary. Justice Rofe said cybersecurity should be front of mind for all licensees, adding: "Cybersecurity risk forms a significant risk connected with the conduct of the business and provision of financial ...

abrdn hires from State Street

CHLOE WALKER  |  MONDAY, 2 MAY 2022
... he added. "abrdn Australia currently has a suite of over 20 separately managed account solutions for financial advice licensees and advisers to tap into, and is a core growth pillar for the Australian business," Jollie said.

Six cases brought against Westpac now finalised

JAMIE WILLIAMSON  |  FRIDAY, 22 APR 2022
... shy of 10,000 members. Another of the cases involved inadequate fee disclosure by the Westpac, Securitor and Magnitude licensees regarding the ongoing charging of contribution fees. Over eight years it's estimated at least 25,000 clients were charged ...

'No easy answer' to ESG disclosures by super fund trustees

ANDREW MCKEAN  |  THURSDAY, 21 APR 2022
... responsible ESG investment principles. On super fund trustees' ESG disclosures, the report asserted: "In our experience, RSE licensees engage with the risks from climate change in multiple ways across their investment portfolios, and in their business ...

Former ClearView executive in new role

CHLOE WALKER  |  WEDNESDAY, 13 APR 2022
... as Lifespan's national practice consultant and head of Lifespan Partnership, a broad ranging support service for self-licensees. Melbourne-based Mantineo has a financial services career spanning 30 years, much of which was spent with major financial ...

3000 advisers left industry last year

ELIZABETH MCARTHUR  |  WEDNESDAY, 13 APR 2022
... to end March 2022 to reach 17,602. This implies 3075 advisers exited the industry in the period. There are now 2090 licensees operating, 79 less than the same time in 2021. The number of financial advisers is now back to where it was over seven years ...

ASIC issues warning to finfluencers

JAMIE WILLIAMSON  |  MONDAY, 21 MAR 2022
The corporate regulator has issued information for social media influencers who discuss financial products and the licensees who use them, warning they face substantial penalties if their content contravenes financial services law. The information sheet ...

Managed accounts FUM at $131bn

CHLOE WALKER  |  TUESDAY, 15 MAR 2022
... billion. Participants in the census ranged from the large platforms, banks, and MDA Providers through to individual licensees. IMAP chair Toby Potter said that the growth rate in managed accounts is almost approaching 40% per year. "This growth is up ...