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Showing 391 - 400 of 953 results for "AFSL"

IOOF ups costs for self-employed advisers

ELIZA BAVIN  |  TUESDAY, 1 DEC 2020
... operated, break-even AFSLs and those who are self-licensed. Whereat said there are around 1000 advisers in the break-even AFSL space, which is set to increase to around 1300 with the addition of TenFifty. "We are going to make sure that our technology ...

ASIC cancels two AFSLs

ELIZA BAVIN  |  MONDAY, 30 NOV 2020
... the competence or resources to provide financial services as required under its licence. ASIC said under the terms of its AFSL, Jels was required to have a 'key person'. Following the death of its key person, Jels failed to appoint a new key person. ...

ASIC takes action against missing woman

ELIZABETH MCARTHUR  |  FRIDAY, 27 NOV 2020
... from leaving Australia. ASIC is investigating concerns that Maliver may have been providing financial services without an AFSL or may have used the AFSL of another company without authorisation. The regulator is also concerned investor funds may have ...

ASIC prepares industry for claims handling law

KARREN VERGARA  |  FRIDAY, 27 NOV 2020
... introduced in parliament on November 12, will force those providing claims handling and settling services to be covered by an AFSL. It also means that insurance-claims handling will be under the umbrella of "financial service", meaning insurers must ...

Exemptions to AFSLs explained by ASIC

ELIZA BAVIN  |  THURSDAY, 26 NOV 2020
... regulator stressed that a trustee which issues, varies or disposes of interests in an unregistered scheme must generally hold an AFSL authorising it to deal in a financial product by issuing, varying or disposing of interests in a managed investment ...

Financial adviser reference checks under scrutiny

ELIZABETH MCARTHUR  |  THURSDAY, 19 NOV 2020
ASIC has released a consultation paper seeking feedback on reference checking protocols for financial advisers and mortgage brokers. Requiring financial advisers to have reference checks was one of the recommendations to come out of the Royal Commission. ...

RC recommendations closer to legislation

KARREN VERGARA  |  FRIDAY, 13 NOV 2020
... the new law, insurance-claims handling will now be under the umbrella of "financial service", meaning insurers must hold an AFSL to be involved in the claims process. They must also handle claims efficiently, honestly and fairly, and must have an internal ...

AAT affirms SMSF adviser ban

JAMIE WILLIAMSON  |  WEDNESDAY, 11 NOV 2020
... responsible manager, director and owner of the company, and was also owner of Bateau Asset Management. ASIC suspended Ballast's AFSL in October until December 18 as it had ceased to carry on a financial services business. In 2015 another former authorised ...

The platforms with the most advisers

KANIKA SOOD  |  TUESDAY, 3 NOV 2020
... is used by 777 AFSLs. Next up was Asgard with 5401 advisers, 6% market share and 739 licensees. The results are based on AFSL-level data collected by Rainmaker. It is estimated the average adviser uses about five different platforms. Five platforms had ...

Fastest-growing AFSLs in the country

KANIKA SOOD  |  FRIDAY, 30 OCT 2020
... months to September end. And which AFSLs have the biggest market share. Overall, there were 19,357 advisers attached to an AFSL at September end, down 2597 from a year ago. In the 12 months, 2832 new names were registered while nearly twice the amount ...