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Showing 291 - 300 of 1222 results for "Licensees"

Funds need retirement income strategy by July

ELIZABETH MCARTHUR  |  TUESDAY, 8 MAR 2022
... beneficiaries during the accumulation phase about potential income in retirement. "APRA and ASIC acknowledge that many RSE licensees will have a strong understanding of their members' needs already and may have already operated in the retirement income ...

NAB tops bad advice compensation bill

KARREN VERGARA  |  TUESDAY, 15 FEB 2022
... advice emanating from AMP Financial Planning, Charter Financial Planning, Hillross Financial Services and 14 other advice licensees reached $621.4 million and is due to complete compensations by end of the first quarter of 2022. Commonwealth Bank's ...

RI Advice slapped with $6m penalty

KARREN VERGARA  |  FRIDAY, 4 FEB 2022
... "'The $6 million penalty handed down by the Court against RI Advice sends a strong message to financial services licensees to properly monitor the advice given by their advisers to make sure consumers are protected." Justice Moshinsky determined ...

Synchron appoints compliance lead

ELIZABETH MCARTHUR  |  FRIDAY, 4 FEB 2022
... Certified Financial Planner (CFP) designation and has been a director and responsible manager for several financial services licensees.

APRA to continue scrutiny of trustees

JAMIE WILLIAMSON  |  WEDNESDAY, 2 FEB 2022
... unacceptable product performance. Released yesterday, APRA said it will continue to exercise its powers to ensure RSE licensees are doing right by members. Throughout the year, APRA's supervisors will target trustees identified in 2021 as having sub-standard ...

Insignia loses self-employed advisers

KARREN VERGARA  |  THURSDAY, 27 JAN 2022
... not to pursue. "The revised fee model removes historic subsidisation of fees and supports our target for ANZ aligned licensees to break-even on a run-rate basis by 30 June 2022. The reduction in advisers for the quarter is consistent with Insignia Financial's ...

Advice industry loses 800 over New Year period

KARREN VERGARA  |  FRIDAY, 21 JAN 2022
... continue to leave the profession, one interesting trend Rainmaker found is the rapid rate in which advisers moved between licensees. In 2021, nearly 13% switched to a new AFSL. Another finding was the shift towards the non-aligned sector, which is growing ...

Dramatic growth in non-aligned advisers: Research

KARREN VERGARA  |  THURSDAY, 20 JAN 2022
... represent 27% of the segment. Another growing trend Rainmaker found is the rapid rate in which advisers moved between licensees, with nearly 13% switching to a new AFSL. Morgans Financial has the largest superannuation advice business with 379 advisers. ...

Federal Court imposes $4m penalty on industry fund

CHLOE WALKER  |  TUESDAY, 18 JAN 2022
... to ASIC in a timely manner." Court added that breach reporting is integral to board oversight and risk management by licensees, and financial services companies have strict obligations to report contraventions of the law to ASIC, including time limits ...

DomaCom hits $100m in FUM

CHLOE WALKER  |  FRIDAY, 14 JAN 2022
... friends, DomaCom said. DomaCom chief executive Arthur Naoumidis expressed his thanks for the support among investors, licensees and their financial advisers for driving the fractional model forward. "It is this innovation coupled with advisers progressive ...