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Showing 511 - 520 of 940 results for "AFSL"

ASIC appoints receiver for derivatives issuer

ELIZABETH MCARTHUR  |  FRIDAY, 26 APR 2019
ASIC has cancelled the AFSL of an OTC derivatives issuer and helped appoint a receiver to the firm and its related companies. ASIC has successfully applied to the Federal Court to appoint receivers to Berndale Capital Securities, Berndale Capital Securities ...

Former Dover, Securitor adviser banned

ELIZABETH MCARTHUR  |  THURSDAY, 18 APR 2019
... licensed by Dover from May 2016 to October 2017 and was most recently with Lifestyle Asset Management, a boutique Sydney AFSL. ASIC was notified by Securitor Financial Group, which he was licenced by from 2006 to 2010. ASIC found Chigwidden consistently ...

Superannuation bills on hold

KARREN VERGARA  |  MONDAY, 15 APR 2019
... 12-month amnesty period. Treasury Laws Amendment (2018 Measures No 2) Bill 2018 This Bill provides certain exemptions to AFSL and Australian Credit Licence requirements when testing financial and credit products and services. It provides a framework ...

CBA, ASIC move to resolve AFSL conditions

KANIKA SOOD  |  WEDNESDAY, 10 APR 2019
ASIC has released the final compliance report on the conditions it placed on Commonwealth Financial Planning and Financial Wisdom in 2014. Commonwealth Bank has paid a further $2.3 million to 232 clients advised by five of its advisers, according to ...

Platform provider wins mandate

KANIKA SOOD  |  WEDNESDAY, 10 APR 2019
... construction Paul Saliba, and former AMP Advice head of investment strategy Brad Matthews. Robson set up the firm after acquiring an AFSL when Macquarie closed its Noosa office.

Financial advice exit a boon for the industry: Poll

KARREN VERGARA  |  MONDAY, 8 APR 2019
... industry more broadly. This is despite Hayne recognising that conflicts of interest would likely be reduced by separating AFSL holders authorised to issue financial products and AFSL holders authorised to give financial product advice. The new poll asks ...

AMP overhauls wealth leadership

ELIZABETH MCARTHUR, JAMIE WILLIAMSON  |  THURSDAY, 4 APR 2019
... forfeiting long and short term incentives. On the same day, ASIC imposed additional conditions on the AMP Financial Planning's AFSL. ASIC granted AMPFP's application to vary its AFS licence to provide managed discretionary account (MDA) services ...

Major advice licensee in possible best interest breach

JAMIE WILLIAMSON  |  THURSDAY, 4 APR 2019
Extra conditions have been placed on the AFSL of one of Australia's biggest financial advice licensees following an investigation sparked by phenomenal growth in adviser numbers in just six months. SMSF Advisers Network has had additional licence ...

ClearView defends risk advice commissions

KARREN VERGARA  |  TUESDAY, 26 MAR 2019
... 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 ...

Federal Court shuts down Linchpin and Endeavour Securities

KARREN VERGARA  |  TUESDAY, 26 MAR 2019
... not identify the nature of such transactions. The Federal Court said Linchpin operated the fund unlawfully and without an AFSL. The directors' conduct was likely to mislead or deceive, it said. Former Association of Independently Owned Financial Professionals ...