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Showing 381 - 390 of 1904 results for "licensee"

ASIC suspends, cancels AFSLs

CHLOE WALKER  |  WEDNESDAY, 7 DEC 2022
The corporate regulator suspended Quantum Funds Management Limited (QFML)'s AFSL and cancelled that of AFSL Group. The suspension of QFML follows the ban of its managing director Peter Gribble for failing to pay $2.5 million in Australian Financial ...

Diverger acquires licensee support firm

CASSANDRA BALDINI  |  THURSDAY, 1 DEC 2022
Diverger has acquired AFSL Compliance, a licensee support business, with a focus on delivering market leading solutions to self-licensed firms. The financial services company explained although it already provides services to both licensed and self-licensed ...

2023 adviser exam dates released

CHLOE WALKER  |  THURSDAY, 1 DEC 2022
... exam. "To make sure new financial advisers are issued an exam eligibility number in time to book for an exam, their AFS licensee should apply for an exam eligibility number through the ASIC Regulatory Portal no later than 15 days before the last day ...

ASIC case against Commonwealth Bank dismissed

CASSANDRA BALDINI  |  WEDNESDAY, 30 NOV 2022
... conduct, made false or misleading representations and contravened its obligations as an Australian financial services licensee by incorrectly charging monthly access fees to customers. The regulator alleged that, between June 2010 and September 2019 ...

Advisers must register for FSCP: ASIC

CASSANDRA BALDINI  |  THURSDAY, 24 NOV 2022
... already be deemed registered because of being registered with the Tax Practitioners Board, but others will need their licensee to register them. When Marshan asked the crowd to raise their hand if they were aware of this requirement, almost no hands ...

Colonial First State debuts 'major wealth platform innovation'

ANDREW MCKEAN  |  WEDNESDAY, 23 NOV 2022
... work with a range of clients from mass affluent through to high-net-worth. This cohort also comprised of advisers from licensee groups and self-licensed advisers, both users and non-users of managed accounts. "The consultation process revealed that advisers ...

Iress unveils Connectivity Network

CHLOE WALKER  |  WEDNESDAY, 23 NOV 2022
The Connectivity Network aims bring participants together to streamline and simplify the advice execution process, thereby increasing the number of clients advisers can serve. It will directly connect platforms and insurance providers with advice softwares. ...

Fortnum launches new adviser support service

CASSANDRA BALDINI  |  TUESDAY, 22 NOV 2022
... responsibilities and timeframes. According to Fortnum's group chief executive and managing director Neil Younger, traditional licensee services are fast becoming "commoditised" forcing licensees to "innovate and differentiate" to meet the changing needs ...

Super funds told to report asset valuations more frequently

ANDREW MCKEAN  |  FRIDAY, 18 NOV 2022
... additional guidance on liquidity management, stress testing, and valuations practices. APRA said it expects that an RSE licensee would demonstrate adequate liquidity management practices equal with the nature, risk, and complexity of investments and ...

APRA proposes safeguards against risk events in super

ANDREW MCKEAN  |  TUESDAY, 15 NOV 2022
... costs, APRA proposes to introduce the baseline component requirements," the discussion paper said. "This means that an RSE licensee will have to maintain access to a specific pool of financial resources to enable these actions to take place." Meanwhile ...