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Showing 21 - 30 of 51 results for %22Select AFSL%22

Whistleblower calls out approved product lies

ELIZA BAVIN  |  WEDNESDAY, 23 OCT 2019
... additional resources to ensure our advisers understand the way APLs are constructed...and have a process that enables them to select products that are not on the APL if it is not in the client's best interest to do so." "That process is actively ...

ASIC prepares to be primary super conduct regulator

ELIZABETH MCARTHUR  |  THURSDAY, 12 SEP 2019
... referrals and matters within the Office of Enforcement. It specifically mentioned court action ASIC has taken against Select AFSL, Dover and NAB as a result of the Royal Commission. ASIC chair James Shipton said: "As we have seen in recent weeks, a number ...

Managed accounts hit milestone

ELIZABETH MCARTHUR  |  WEDNESDAY, 31 JUL 2019
... are Synchron, Merit Wealth, Interprac, Capstone, and Shaw And Partners Limited. The number of advisers in non-institutional AFSL groups is growing almost three times faster than the advisers using institutionally-owned licensees. The average FUA per ...

Platform provider wins mandate

KANIKA SOOD  |  WEDNESDAY, 10 APR 2019
... construction Paul Saliba, and former AMP Advice head of investment strategy Brad Matthews. Robson set up the firm after acquiring an AFSL when Macquarie closed its Noosa office.

AFSL super options under the lens

KANIKA SOOD  |  THURSDAY, 10 JAN 2019
... on the approved product lists of AFSLs. The Productivity Commission calls for all Australian Financial Services Licensees (AFSL) to "immediately" be required by the government to report to ASIC the number of superannuation products on their APLs and ...

Financial Standard unwrapped: Our top stories in 2018

HARRISON WORLEY  |  WEDNESDAY, 19 DEC 2018
... completed a significant wind-down of its advice business, with just five financial advisers remaining according to ASIC's AFSL register. What the 2018 Budget means for you The 2018 Federal Budget brought more changes to the superannuation system ...

Advisers choose their own journey on BT hub

DARREN SNYDER  |  FRIDAY, 2 NOV 2018
The ability to select adviser services on an as needed basis will be the key ingredient to growth in BT Financial Group's newly-launched adviser hub. Commencing this week and first flagged in July, BT Open Services is a financial adviser hub set ...

Direct life insurance failing consumers: ASIC

KARREN VERGARA  |  THURSDAY, 30 AUG 2018
... NobleOak Life, Suncorp Life & Superannuation, TAL Life, and OnePath, St Andrew's Life Insurance and its distributor Select AFSL, and Hannover Life Re. After listening to more than 540 recorded sales calls, ASIC said four firms failed to provide adequate ...

Super funds countdown to Royal Commission

KARREN VERGARA  |  MONDAY, 9 JUL 2018
... heard about how life and funeral insurance providers mis-sold products to vulnerable members of remote communities, namely Select AFSL's sales practices following an ASIC investigation. Select terminated its agreement to distribute and promote St ...

Phone life insurance sales 'hawking' customers: Royal Commission

KARREN VERGARA  |  FRIDAY, 6 JUL 2018
... insurance which drove poor behaviour and a sales-driven culture, and effectively breached anti-hawking provisions. Select AFSL managing director Russell Howden was in the hot seat again; this time explaining to the Commission why ASIC had reason to believe ...