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Showing 401 - 410 of 1235 results for "licensees"

Sequoia completes acquisitions

ANNABELLE DICKSON  |  TUESDAY, 2 FEB 2021
... latest in a set of strategic plans for Sequoia. In November it announced its plans to increase its adviser numbers and licensees to adjust to the shifting landscape of the financial advice industry.

RSE trustee board composition evolving

KANIKA SOOD  |  MONDAY, 1 FEB 2021
In the last six years, independent directors have gone from holding 5.2% of the total board positions at RSE licensees to 10.7% of them as at June 2020, says new APRA data. The total directorships at responsible superannuation entity licensees shrunk ...

Reference checks should cover all advice: FPA

KARREN VERGARA  |  MONDAY, 1 FEB 2021
... just financial advisers. The reforms emanate from the financial services Royal Commission, which recommends that AFS licensees should be required to comply with reference checking and information-sharing regulations like what the Australian Banking Association ...

AFCA forced into rule change

ELIZABETH MCARTHUR  |  FRIDAY, 22 JAN 2021
... outside authority. AFCA has now updated its rules, at ASIC's directions, to reflect the same statutory liability for licensees regarding their authorised representatives as set out in the Corporations Act and the National Consumer Credit Protection Act. ...

TAL continues successful FASEA course

ELIZABETH MCARTHUR  |  THURSDAY, 21 JAN 2021
... those advisers who have yet to sit the exam to consider the FASEA Exam Masterclasses in their preparation," TAL head of licensees partnerships Beau Riley said. "TAL Risk Academy's FASEA Exam Masterclasses are delivered in a virtual, on-demand format ...

MLC Life appoints executive

KANIKA SOOD  |  WEDNESDAY, 13 JAN 2021
... challenges we face as a business after a difficult 2020." "We need to work hard to restore trust amongst advisers and licensees and our team is ready to do that. I look forward to working with Rodney and the MLC Life Insurance leadership team." N AB ...

AMP adviser numbers shrivel

ELIZABETH MCARTHUR  |  TUESDAY, 12 JAN 2021
... leave the industry," Macdonald said. However, he said only a small portion of those AMP advisers could go and join other licensees - most were left with few options but to leave the industry entirely. Approximately 300 of the advisers that left AMP ceased ...

The barriers to limited advice: Licensees

ANNABELLE DICKSON  |  MONDAY, 11 JAN 2021
... financial advice coupled with lack of guidance and strategy documents are the major barriers to limited advice, according to licensees. The Australian Securities and Investments Commission's (ASIC) latest consultation paper, Promoting access to affordable ...

Almost 3000 advisers gone in 2020

ELIZABETH MCARTHUR  |  FRIDAY, 18 DEC 2020
... not a surprise that they would be the biggest. There was another smaller group that were allowed to go and join other licensees." He explained that the practices terminated by AMP were typically single-planner businesses with turnover of less than $300,000. ...

Regulators alert trustees of new obligations

KARREN VERGARA  |  TUESDAY, 15 DEC 2020
... in completing their first BPR. The DDO will commence on 5 October 2021 but significant preparation is needed by RSE licensees ahead of this date, Press warned. These obligations apply to trustees' choice product offerings and how they are designed ...