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Showing 421 - 430 of 1224 results for "Licensees"

Self-licensing on the horizon

KARREN VERGARA  |  MONDAY, 19 OCT 2020
... that finding the right licensee to align with means advisers need to apply more scrutiny, including probing as to how licensees are adapting to the changing regulatory environment. With grandfathered commissions ceasing from 1 January 2021, Cullen said ...

APRA advises funds to review ownership structures

ELIZA BAVIN  |  FRIDAY, 16 OCT 2020
The prudential regulator has issued a letter to superannuation licensees reinforcing their obligations under the controlling stake requirements. APRA said after undertaking a review of the implementation by RSE licensees its focus has been on the interaction ...

A new model is coming: Licensees

ELIZABETH MCARTHUR  |  THURSDAY, 15 OCT 2020
... financial advice for ordinary Australians, not just the extremely wealthy. Dummett was asked about the regulatory burden on licensees. She said she wished more of licensee's investment could go towards "making advice more creative" but instead it has ...

ASIC reviewing risk advice, pushes for scaled advice

ANNABELLE DICKSON  |  WEDNESDAY, 14 OCT 2020
... 2017 despite delays from COVID-19. "We have already started on that work, but we have now served notices on about 130 licensees that is calling for 2017 advice files. In most cases we have asked licensees for one or two files," she said. Metz said the ...

Financial advice more important than ever: HUB24

ELIZA BAVIN  |  TUESDAY, 13 OCT 2020
HUB24 said financial advice is more important than ever as it posts record inflows and signs close to 30 new licensees in the September quarter. Staging a $260 million bounce back after it suffered from the impacts of COVID-19, funds under administration ...

APRA rolls out new assessment model

ANNABELLE DICKSON  |  WEDNESDAY, 7 OCT 2020
... that will better guide the intensity of the regulator's supervision. In a letter to banks, insurers and superannuation licensees, the prudential regulator announced the Supervision Risk and Intensity Model (SRI) will be rolled out this month, replacing ...

Another MLC advice firm exits group

KARREN VERGARA  |  TUESDAY, 6 OCT 2020
... director Scott Haywood said being part of the biggest group of advisers was one of the main reasons he decided to change licensees to Sequoia Financial subsidiary InterPrac. FYG managing director Peter Mancell commented: "In discussions with Kevin we ...

Adviser charged with stealing super

ELIZABETH MCARTHUR  |  FRIDAY, 2 OCT 2020
A West Australian financial adviser who has worked across some of Australia's largest licensees could face 15 years in jail after being charged with four counts of dishonest conduct in relation to hardship superannuation requests. Rahul Goel is ...

ASX director retires

ALLY SELBY  |  WEDNESDAY, 30 SEP 2020
... that Warne will remain the chair of Austraclear and a director of ASX Clear (Futures), the ASX clearing and settlement licensees for Australia's derivatives, OTC and debt markets. He will also remain a director of the exchange's intermediate ...

ASIC, IOSCO report on debt capital raisings

ALLY SELBY  |  THURSDAY, 24 SEP 2020
... insuring information provided to investors is not misleading. ASIC commissioner Cathie Armour recommended that "all licensees should review ASIC's findings and consider whether their controls for the allocation process in DCM transactions - including ...