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Showing 21 - 30 of 1073 results for "Representatives"

Industry fund insurance bungle adds fuel to mounting outrage

ANDREW MCKEAN  |  THURSDAY, 13 FEB 2025
... insurance payouts for a terminally ill loved one with weeks to live. "... there was no compassion from a couple of representatives I spoke to at Rest, so much so that I had to ask them to put themselves in the customer's position. They told me not to ...

ASIC updates on SMSF advice review

ELIZA BAVIN  |  THURSDAY, 13 FEB 2025
... and related obligations. In addition, ASIC is observing the role of AFS licensees in monitoring and supervising representatives who are providing SMSF establishment advice. ASIC said this includes considering information obtained from licensees about ...

Natixis, Generali merger creates $3.2tn fund manager

KARREN VERGARA  |  WEDNESDAY, 22 JAN 2025
... the US would remain operational hubs of the combined business. The new board will comprise an equal number of representatives from BPCE and Generali, along with three independent directors. BPCE chief executive Nicolas Namias will be appointed chair ...

Morgans Financial crowned largest licensee

KARREN VERGARA  |  WEDNESDAY, 8 JAN 2025
... comprise the top 10. Rainmaker data shows AMP FP has long led the pack in terms of employing the largest number of representatives. It had as many as 1800 advisers in May 2015, for example, while Charter Financial Planning had 800. AMP FP, Hillross ...

Sanlam Private Wealth breaches licensee obligations, hit with enforceable undertaking

MATTHEW WAI  |  MONDAY, 6 JAN 2025
... Sanlam Group, has admitted to breaching licensee obligations by "failing to adequately supervise" its authorised representatives and corporate authorised representatives (CARs), following an ASIC investigation. Sanlam has subsequently entered a court ...

Court finds CFD issuers engaged in 'unconscionable conduct'

ELIZA BAVIN  |  MONDAY, 23 DEC 2024
... for difference (CFD) issuer, Union Standard International Group (USG) and two of its former corporate authorised representatives, BrightAU Capital (trading as TradeFred) and Maxi EFX Global AU (trading as EuropeFX), engaged in systemic unconscionable ...

ASIC issues new guidance on DBFO reforms

KARREN VERGARA  |  FRIDAY, 22 NOV 2024
... disclosure information includes references to ASIC's recently made instrument that allows AFS Licensees or their representatives dealing in a financial product for the purposes of implementing financial product advice to rely on website disclosure information ...

Liberal MP calls for SoA replacement

KARREN VERGARA  |  TUESDAY, 5 NOV 2024
... base because of the regulatory impost and they are no longer able to take on new clients," he told the House of Representatives. The bill proposes to provide a clear and concise letter of engagement, which will be given to the client prior to receiving ...

JP Morgan subsidiaries fined $230m by regulator

JAMIE WILLIAMSON  |  FRIDAY, 1 NOV 2024
... despite significantly cheaper ETFs that offered the same portfolios being available. The SEC said JPMS and its representatives failed to consider the cost savings and had no reason to believe their recommendations were in the best interests of the clients. ...

APRA questioned on super performance test

ELIZA BAVIN  |  FRIDAY, 25 OCT 2024
APRA has been questioned by the House of Representatives around how it monitors superannuation fund performance and whether there should be more focus on fees over returns. Independent MP Allegra Spender questioned APRA deputy chair Margaret Cole on ...