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Showing 31 - 40 of 86 results for "Australian Financial Services Licensee"

ASIC nudges robo-adviser to shutter

ELIZABETH MCARTHUR  |  FRIDAY, 18 OCT 2019
... voluntarily shut down two robo-advice tools after ASIC raised concerns. Lime FS, a Sydney-based Australian financial services licensee, was running corporate authorised representatives Plenty Wealth, Plenty Plus and Lime Wealth as digital advice providers ...

Sam Henderson cops ASIC ban

KANIKA SOOD, JAMIE WILLIAMSON  |  WEDNESDAY, 24 JUL 2019
... Henderson Maxwell, was also involved in Henderson Maxwell breaching its obligation as an Australian Financial Services licensee to disclose information about relationships or associations that could influence the financial advice provided. The regulator ...

ClearView defends risk advice commissions

KARREN VERGARA  |  TUESDAY, 26 MAR 2019
... of financial advisers can only choose from a narrow menu of products dictated by their Australian Financial Services Licensee (AFSL)." Under the LIF, which was introduced on 1 January 2018, the first year's premium is capped at 80% with a 20% trailing ...

AFSL to begin independent review

DARREN SNYDER  |  WEDNESDAY, 16 JAN 2019
ASIC ordered that an Australian Financial Services Licensee appoint an independent expert to review the implementation of its compliance framework. The regulator said it is concerned with the adequacy and effectiveness of Kaz Capital's compliance framework ...

AFSL super options under the lens

KANIKA SOOD  |  THURSDAY, 10 JAN 2019
The final report recommends ASIC should have greater oversight of the superannuation products sitting on the approved product lists of AFSLs. The Productivity Commission calls for all Australian Financial Services Licensees (AFSL) to "immediately" be ...

AFCA membership deadline arrives

JAMIE WILLIAMSON  |  FRIDAY, 21 SEP 2018
Financial services firms have until close of business today to register for membership of the Australian Financial Complaints Authority. ASIC has issued a warning to all Australian financial services licensees, superannuation trustees and authorised ...

Fees for no service remediation passes $250 million

DARREN SNYDER  |  WEDNESDAY, 8 AUG 2018
Financial institutions outside the big four banks and AMP have been integrated into ASIC's fees for no service remediation programs, with total provisions likely to exceed $850 million. Updating the financial services industry and consumers on its oversight ...

Advice fintech reshuffles leadership

JAMIE WILLIAMSON  |  THURSDAY, 31 MAY 2018
The managing director of an ASX-listed financial advice fintech is stepping aside and an interim chief executive has been appointed. Intiger announced managing director Mark Fisher will hand over leadership of the software developer to global head of ...

Advice fintech shutters Sydney office

ALEX BURKE  |  TUESDAY, 15 MAY 2018
As part of a strategic review, an ASX-listed Australian fintech targeting the financial advice market will close its Sydney office and reduce three sales and customer service staff. Intiger said the decision came about because the review "reaffirmed ...

ASIC cancels AFSL, accepts EU

DARREN SNYDER  |  TUESDAY, 16 JAN 2018
... its advisers, the regulator had concerns regarding both the conduct of Breakaway as an Australian financial services licensee and of Roberts as an adviser. ASIC's concerns were that Breakaway did not sufficiently tailor several key policies and procedures ...