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Showing 441 - 450 of 885 results for "Australian Financial Services"

Funding for the government's adviser register unclear

LAURA MILLAN  |  FRIDAY, 24 OCT 2014
... with the government saying that the money will come via a $5 hike in the annual lodgement fee for Australian Financial Services (AFS) licensees. A statement from Minister for Finance and Acting Assistant Treasurer Mathias Cormann said: "the register ...

FEATURE: Big data and financial services

LAURA MILLAN  |  FRIDAY, 10 OCT 2014
... predict consumer behaviour. According to Ludowyke, demand for these services is on the rise among Australian financial services companies, as they realise that "they have been lagging the world for quite a while and they need to catch up." In a market ...

One third of risk advisers non-compliant, ASIC says

JAMES FERNYHOUGH  |  THURSDAY, 9 OCT 2014
... Commission (ASIC) has said. ASIC reviewed more than 200 advice files from large, medium and small Australian financial services (AFS) licensees. It found that while the majority were compliant, 37% of the advice given failed to comply with laws relating ...

Damien Mu elected to FSC board

JAMES FERNYHOUGH  |  WEDNESDAY, 8 OCT 2014
... Union. FSC chairman Greg Cooper said of Mu's election: "With more than 17 years' experience in the Australian financial services industry, spanning operations, claims and underwriting, superannuation, investments, distribution, product, pricing and marketing ...

Accountant pays $10,000 fine for $100,000 fraud

LAURA MILLAN  |  FRIDAY, 3 OCT 2014
... fraudulently inducing the investor to deliver $100,000 to his company, Andean Securities. Lim held an Australian financial services licence (AFSL) from May 2010 until March 2013, when he voluntarily cancelled it and refunded $100,000 to the investor. ...

ASIC suspends advice firm for three months

LAURA MILLAN  |  WEDNESDAY, 1 OCT 2014
... with its compliance obligations. Protect Ensure, with offices in Brisbane and Sydney, has had its Australian financial services licence (AFSL) suspended from September 23, 2014, to December 19, 2014. Following surveillance, ASIC found that the firm failed ...

ASIC bans person who made false Facebook investment claims

JAMES FERNYHOUGH  |  THURSDAY, 25 SEP 2014
... approximately US$200,000. According to the regulator, at the time of the conduct, Sappideen did not hold an Australian financial services (AFS) licence and was an authorised representative of an AFS licensee.

Forget about national advice exam, focus on training: CPA

LAURA MILLAN  |  THURSDAY, 11 SEP 2014
... sector and consequently by many training providers." It said that "ASIC has placed the onus on the Australian Financial Services (AFS) licensee to determine what training its representatives will need to complete to meet the training requirements." CPA ...

Retirement phase top issue for super in FSI

JAMES FERNYHOUGH  |  FRIDAY, 29 AUG 2014
... 'to-retirement' view. The Financial Services Council, however, put all the emphasis on the exporting of Australian financial services overseas. It called on the FSI to consider the appointment of a new ASIC commissioner to deal with international regulatory ...

Macquarie forced to contact all advice clients for remediation

LAURA MILLAN  |  FRIDAY, 15 AUG 2014
... required to send letters to more than 160,000 people who have been clients of MPW since it obtained its Australian financial services (AFS) license on March 1, 2004. The EU, imposed by the Australian Securities and Investments Commission (ASIC), forces ...