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Showing 561 - 570 of 1224 results for "Licensees"

Financial tech firm refocuses strategy

ELIZABETH MCARTHUR  |  WEDNESDAY, 29 MAY 2019
... for its services. "We believe that awareness of the value of advice will increase, as will the need for advisers and licensees to have, and demonstrate, quality and compliance," Intiger said. "The only way to meet these competing demands at a price acceptable ...

Former Kaz Capital adviser banned

ELIZABETH MCARTHUR  |  FRIDAY, 17 MAY 2019
... report back to ASIC and Kaz Capital in June this year. ASIC commissioner Cathie Armour said of the licence conditions: "Licensees must have an adequate and appropriate compliance framework to govern the monitoring and supervision of their representatives. ...

CBA remediation bill crosses $2bn

KANIKA SOOD  |  MONDAY, 13 MAY 2019
... remediation spend relates to advice clients of advisers working under Financial Wisdom, Count Financial or CFP Pathway licensees. Of this, $374 million is in customer refunds (including $123 million in interest payments) and $160 million is in program ...

ASIC catches illegal dual licensees

ELIZABETH MCARTHUR  |  MONDAY, 13 MAY 2019
Fifty-eight Australian financial services (AFS) licensees have had their authorisation revoked after ASIC found they were also authorised representatives of other AFS licensees. ASIC has revoked authorisation of these dual licence holders after an investigation ...

Lonsec to acquire in-house managed account offerings

HARRISON WORLEY  |  TUESDAY, 7 MAY 2019
... acquiring their in-house managed portfolios. Lonsec is offering to purchase in-house managed portfolio solutions from advice licensees, allowing advisers to focus on providing advice to their clients without being conflicted. Lonsec's offer will see ...

APRA amends member outcomes standard

KARREN VERGARA  |  THURSDAY, 2 MAY 2019
... and analysing the results from the legislated outcomes assessment. "The overall substance of the requirements for RSE licensees in revised SPS 515 are unchanged, however they are expressed differently to more clearly delineate APRA's requirements from ...

Rush of advisers sign up before FASEA deadline

ELIZABETH MCARTHUR  |  FRIDAY, 26 APR 2019
... 27,211, Rainmaker's Advantage report read. Over the calendar year, the number of advisers from non-institutional owned licensees increased 38% while institutionally-aligned advisers grew just 6%. Despite the overall jump in advisers registering ...

AFCA changes could impact PI cover cost: FPA

HARRISON WORLEY  |  TUESDAY, 23 APR 2019
... rules, jurisdiction and monetary limits to legacy complaints - this will have a significant impact on the ability of licensees to pay any determinations made by AFCA in relation to legacy complaints." Additionally, the association said "initial feedback" ...

Westpac appoints acting advice GM

JAMIE WILLIAMSON  |  FRIDAY, 12 APR 2019
... of advice to lead the transition of its financial planning business to Viridian Advisory. National head of BT Group Licensees Ashley Stewart will take on the role of acting general manager of advice from May 1 to drive the transformation of Westpac's ...

Technical Services Forum: Keep advisers informed of change

HARRISON WORLEY  |  THURSDAY, 11 APR 2019
... Hayne set out as a result of the fees for no service issues were that charging for what you do not do is wrong, and licensees did nothing to prevent having more customers on their books than they could manage. "That point was quite interesting because ...