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Showing 451 - 460 of 1224 results for "Licensees"

Super funds face fresh data requirements

ALLY SELBY  |  WEDNESDAY, 24 JUN 2020
... conduct an ongoing assessment of the impact of the coronavirus and the government's early release scheme on superannuation licensees. "APRA understands that RSE licensees have been under considerable pressure during the COVID-19 pandemic, however APRA ...

Platform prototypes compliance capability

ALLY SELBY  |  THURSDAY, 18 JUN 2020
... which it says will identify compliance issues before they happen. The specialist platform is currently working with five licensees to build the tool, including its subsidiary Paragem, which will use machine learning and AI to recognise any irregularities ...

ASIC cracks down on investment manager

ALLY SELBY  |  MONDAY, 15 JUN 2020
... involves SGSA receiving client money in Australia. The client money provisions separate client money from belonging to licensees, and protects the clients of AFSLs by "limiting the use of client money, limiting the circumstances in which client money ...

FPA accuses ASIC of price gouging

ELIZA BAVIN  |  MONDAY, 15 JUN 2020
... adviser, a 38% increase on the previous year. The corporate watchdog is looking to recoup $40.17 million from 3051 AFS licensees with 22,652 advisers. While ASIC states that the indicative levies for 2019-20 are an estimate, the FPA said a 38% cost increase ...

Former Fidelity wholesale head joins Sydney boutique

KANIKA SOOD  |  THURSDAY, 11 JUN 2020
... white-labelled SMAs to independent advisers across the country. "Clearly there has been a structural shift out of institutional licensees towards IFAs. Managed accounts were growing pre-COVID but they have become even more important for advisers since ...

ASIC mainly concerned with media releases: Lawyer

ELIZABETH MCARTHUR  |  TUESDAY, 9 JUN 2020
... process," he said. "It's all about the media release. And, yes, ASIC is on record (I have the emails!) where they have asked licensees to 'choose' or 'negotiate' their outcome, but on the condition that the outcome is one on which ASIC can issue a media ...

Dealer groups slam FPA policy

ELIZABETH MCARTHUR  |  THURSDAY, 4 JUN 2020
... Training, education and supervision are all roles of an AFSL that they say the FPA failed to consider. "Additionally, licensees provide capital protection in the event of poor advice or importantly, remediation when needed, in the event there is no recourse ...

Advice group acquires software business

ALLY SELBY  |  TUESDAY, 2 JUN 2020
... a natural fit for Centrepoint Alliance, Benbow said. "Centrepoint Alliance supports both self-licensed advisers and licensees - we already provide services to some of Enzumo's largest clients, so Enzumo's technology solutions are a natural complement ...

ASIC cancels two AFSLs

ELIZA BAVIN  |  MONDAY, 1 JUN 2020
... are required by law to prepare and lodge a profit and loss statement, balance sheet and an auditor's report annually. "Licensees must do this to prove that they have the financial resources to provide the services covered by their licence and to conduct ...

Former Cbus advice head launches referral program

KANIKA SOOD  |  FRIDAY, 8 MAY 2020
... firm, called the Financial Advice Services Institute (FASI), aiming to work with superannuation funds, dealer groups or licensees, professional associations, regulatory bodies and political stakeholders on developing better advice models. The firm has ...