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Showing 561 - 570 of 1907 results for "licensee"

AMP sued for charging dead clients

JAMIE WILLIAMSON  |  THURSDAY, 27 MAY 2021
ASIC has taken Federal Court action against AMP for allegedly charging more than 2000 deceased clients insurance premiums and financial advice fees after being notified of their death. The action relates to five companies that are or were subsidiaries ...

ASIC cancels AFSLs

ANNABELLE DICKSON  |  TUESDAY, 25 MAY 2021
... Corporations Act 2001 and National Consumer Credit Protection Act 2009, ASIC may suspend or cancel an AFSL and ACL if the licensee is no longer providing financial services, ceases to engage in credit activities or fails to meet its legal obligations," ...

Actuaries Institute unveils IDII recommendations

KARREN VERGARA  |  MONDAY, 24 MAY 2021
The Actuaries Institute has released sweeping recommendations to help fix the individual disability income insurance (IDII) sector that is currently at "risk of failure". The final recommendations follow a 12 month-review, led by an appointed Actuaries ...

Draft advice reforms not enough: FPA

JAMIE WILLIAMSON  |  WEDNESDAY, 19 MAY 2021
... goal." De Gori also said a professional registration should be the responsibility of the individual adviser, not their licensee. "A financial planner's registration should then follow them throughout their career and be a valued symbol of their professional ...

Digital fact-find gains momentum

KARREN VERGARA  |  WEDNESDAY, 12 MAY 2021
A new digital fact-finding solution, which is saving financial advisers nearly six hours per client, has snapped up partnerships with Centrepoint Alliance and other mid-tier licensees. Advice Revolution, founded by former advisers Adrian Patty and Shaun ...

ASIC cracks down on investment guru

ELIZABETH MCARTHUR  |  TUESDAY, 11 MAY 2021
... business was not engaging in the credit activities it was authorised to. ASIC is allowed to cancel a credit licence if the licensee has not engaged in credit activities for six months, under new legislation effective from 18 February 2020. Master Wealth ...

AMP trims platform fees

KANIKA SOOD  |  THURSDAY, 6 MAY 2021
... colleague. "These are highly competitive and transparent fees, which we have introduced as a response to the use of advice licensee or advice practice rate cards by many in the industry, which we see as distorting the system and creating member equity ...

The other side of the ETP growth story

ELIZABETH MCARTHUR  |  WEDNESDAY, 5 MAY 2021
There is another side to the exponential growth exchange traded products have enjoyed; not every manager will be able to get in on the action, and legacy unit trusts will likely lose out. Rainmaker head of investment research John Dyall, speaking at ...

MLC Life hires general manager

KARREN VERGARA  |  TUESDAY, 4 MAY 2021
... attributes are especially important for us as we seek to enhance our customer and partner experiences particularly in licensee and adviser markets," he said.

New firm joins Count Financial

ELIZABETH MCARTHUR  |  TUESDAY, 4 MAY 2021
... three financial advisers who specialise in strategic advice. StrategyOne managing director Virginia Heyer said the clean licensee model and commitment to the future of financial advice at Count were the reasons for the firm choosing the licensee. "The ...