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Showing 561 - 570 of 1237 results for "licensees"

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 ...

Sam Henderson cops ASIC ban

KANIKA SOOD, JAMIE WILLIAMSON  |  WEDNESDAY, 24 JUL 2019
... how their clients' interests are being prioritised, especially if in-house products have higher ongoing fees. AFS licensees are responsible for ensuring that they disclose any associations that could potentially influence the financial advice they ...

MetLife expands retail distribution team

KRISTI CHENG  |  FRIDAY, 19 JUL 2019
... held senior roles with AIA, AMP and AXA. He joins the team with more than 30 years' experience in the industry across licensees, insurance, underwriting and product design. To be based in Brisbane, Dave Evans will also be join MetLife as strategic account ...

AFCA delivers $83 million win

ELIZABETH MCARTHUR  |  MONDAY, 15 JUL 2019
... complaint lodged against them. AFCA's six month report comes after ASIC said it was taking proactive measures to ensure licensees met their AFCA membership obligations. ASIC reported last week it had been advised by AFCA of 58 financial services licensees ...

Excellence in managed accounts recognised

HARRISON WORLEY  |  WEDNESDAY, 26 JUN 2019
... organisations were highlighted for their commitment to the sector, across various categories including single sector assets, licensees and innovation. Taking home the licensee managed account award was Viridian Advisory, beating out Canaccord, Crystal ...

PDS should reflect PYSP changes: ASIC

KARREN VERGARA  |  MONDAY, 24 JUN 2019
... when recovering the costs associated with implementing the PYSP reforms. "In this regard, APRA would expect that RSE licensees would recover these costs in a manner that is in accordance with its duties to members, whether that is by making changes to ...

ASIC FAR, advice industry contract

JAMIE WILLIAMSON  |  MONDAY, 17 JUN 2019
... about 7000 new advisers registered. The lion share of these went to smaller, boutique, non-aligned, non-institutional licensees. The data demonstrates the increasingly fragmented nature of Australia's financial advice landscape; smaller groups are ...

Passing Protecting Your Super costs should be fair: APRA

KARREN VERGARA  |  FRIDAY, 7 JUN 2019
... the changes will incur costs that need to be recovered via other avenues. "In this regard, APRA would expect that RSE licensees would recover these costs in a manner that is in accordance with its duties to members, whether that is by making changes ...