Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 481 - 490 of 940 results for "AFSL"

FASEA ethics pose risk to managed accounts

ELIZABETH MCARTHUR  |  MONDAY, 23 SEP 2019
... literally. "Drafted as it is, Standard 3 would prima facie preclude the recommendation of managed account services where the AFSL is in some way involved in the operation of the service or the development of the portfolios," he said. Potter maintained ...

ASIC prepares to be primary super conduct regulator

ELIZABETH MCARTHUR  |  THURSDAY, 12 SEP 2019
... referrals and matters within the Office of Enforcement. It specifically mentioned court action ASIC has taken against Select AFSL, Dover and NAB as a result of the Royal Commission. ASIC chair James Shipton said: "As we have seen in recent weeks, a number ...

Consultation opens on new ASIC powers

ELIZABETH MCARTHUR  |  WEDNESDAY, 11 SEP 2019
... search warrant powers, the legislation will also strengthen ASIC's licensing powers by increasing the standards required of AFSL holders. It also extends ASIC's powers to ban people from performing functions in a financial services or credit business ...

Queensland-based AFSL suspended

ELIZABETH MCARTHUR  |  TUESDAY, 10 SEP 2019
ASIC has suspended the AFS licence of a Queensland-based financial advice practice over concerns it was not meeting its obligations as a licensee. The regulator said Financial Options Pty Ltd failed to lodge its accounts and audit report for the year ...

Boutique AFSL acquires advice practice

JAMIE WILLIAMSON  |  THURSDAY, 5 SEP 2019
A boutique financial advice group has acquired a Parramatta-based firm focused on risk advice. Profile Financial Services has acquired Orion Financial Group, a risk-focused advice practice established 35 years ago in Parramatta. The Orion Financial ...

Perth adviser to face court

KANIKA SOOD  |  THURSDAY, 5 SEP 2019
... incident, Platinum Perpetual Global Private Wealth Pty Ltd has asked the Australian Securities and Investments Commission for its AFSL to be cancelled.

Suncorp pays $1.4m remediation bill

JAMIE WILLIAMSON  |  TUESDAY, 3 SEP 2019
... Suncorp undertook the program after the corporate regulator imposed additional licence conditions on the Guardian Advice AFSL in 2015 after it found the life insurance advice being provided to retail clients was defective. ASIC was concerned Guardian ...

Publisher slammed for Future Fund claim

HARRISON WORLEY  |  MONDAY, 2 SEP 2019
... law. Additionally, the court ordered a $50,000 fine for former director Kristan Sayce. According to ASIC, the company and AFSL holder published two documents - a promo letter and guide - in September 2017, and emailed the promo letter to around 200,000 ...

ASIC bans adviser again

HARRISON WORLEY  |  FRIDAY, 16 AUG 2019
... financial services, apply for either an Australian financial services licence or become an authorised representative of an AFSL for the full period. After the period ended, Aujla was authorised by Lifespan Financial Planning, before eventually becoming ...

Sequoia acquires dealer group

JAMIE WILLIAMSON  |  TUESDAY, 6 AUG 2019
... financial advisers. Under the arrangement, Libertas will remain separate to InterPrac and continue to operate under its own AFSL, brand and identity. It marks the eighth separate AFSL operating within Sequoia. Libertas was founded by managing director ...