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Showing 541 - 550 of 1224 results for "Licensees"

Beware adviser conflicts of interest: Lonsec

ELIZABETH MCARTHUR  |  WEDNESDAY, 28 AUG 2019
... advisers to be able to prove how an MDA is in the best interest of their clients. "ASIC also expects advisers and AFS licensees to monitor the performance and ongoing appropriateness of the MDA service for their clients," the spokesperson said.

Down but not out: Top advisers adapt

ELIZABETH MCARTHUR  |  MONDAY, 26 AUG 2019
... dropped 40 advisers in the six months and MLC Wealth has now said it will consolidate the Apogee, Meritum and Garvan licensees, indicating further possible exits. Meanwhile, NAB itself dropped 32 advisers, to bring its total to 478, while JBWere lost ...

IOOF advice remediation hits $235m

KARREN VERGARA  |  MONDAY, 26 AUG 2019
... continues, the banks exit the industry, and as client and adviser needs evolve," he said. The integration of former ANZ licensees has completed, Mota said, but the process of acquiring ANZ's pension and investments arm continues. Mota also announced ...

ASIC to crack down on platform fees

ELIZABETH MCARTHUR  |  WEDNESDAY, 14 AUG 2019
... for that task. It also asked how fee disclosure statements are reviewed before they are given to clients and whether licensees had taken steps to standardise the date that most clients are given their fee disclosure statements. Further, ASIC wanted to ...

APRA hits Allianz over risk

HARRISON WORLEY  |  WEDNESDAY, 14 AUG 2019
... inquiry, APRA hit CBA with an additional $1 billion capital requirement, and asked 36 banks, insurers and superannuation licensees to undertake self-assessments to determine whether the governance weaknesses found at CBA existed within other APRA-regulated ...

AFA names education award finalists

KRISTI CHENG  |  WEDNESDAY, 14 AUG 2019
... education inspires greater adviser confidence in their ability and greater consumer trust in advice," he added. TAL head of licensees and partnerships Beau Riley said TAL is proud to continue sponsorship of the AFA Excellence in Education Award, and ...

Ex-ANZ adviser goes solo

ELIZABETH MCARTHUR  |  TUESDAY, 13 AUG 2019
... to survive in the new world. With ASIC 515 and all the extra requirements I had a few people warn me off the smaller licensees who may not be able to," she said. While Laird is fully qualified with a relevant degree, she does have to do the FASEA ethics ...

AMP MDA constraints frustrate advisers

ELIZABETH MCARTHUR  |  MONDAY, 5 AUG 2019
... and the imposition of additional licence conditions is part of ongoing efforts to make our expectations clear to AFS licensees." She added that new licence applicants and licensees seeking variations can expect ASIC to tailor licence conditions more ...

Managed accounts hit milestone

ELIZABETH MCARTHUR  |  WEDNESDAY, 31 JUL 2019
... ahead of the FASEA deadline. Non-aligned advisers are now well in the majority with 58% using non-institutionally owned licensees. The five largest groups associated with non-institutionally owned licensees at the end of March represented 1860 advisers. ...

Spectrum Wealth representatives find new homes

ELIZABETH MCARTHUR  |  MONDAY, 29 JUL 2019
... to cancel its licence and is no longer providing financial services, with many representatives having now joined new licensees. ASIC recently advised clients of Spectrum Wealth Advisers and the advisers registered under Spectrum's licence that the company ...