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Showing 571 - 580 of 940 results for "AFSL"

Fees for no service remediation passes $250 million

DARREN SNYDER  |  WEDNESDAY, 8 AUG 2018
Financial institutions outside the big four banks and AMP have been integrated into ASIC's fees for no service remediation programs, with total provisions likely to exceed $850 million. Updating the financial services industry and consumers on its oversight ...

Productivity Commission proposes more changes to financial advice

KARREN VERGARA  |  MONDAY, 6 AUG 2018
The financial advice industry is bracing itself for more proposed changes to approved product lists (APLs), remuneration and terminology following the Productivity Commission's inquiry into the state of competition in Australia's financial system. ...

Existing but unregistered advisers at risk

JAMIE WILLIAMSON  |  THURSDAY, 2 AUG 2018
Existing financial advisers that don't appear on ASIC's Financial Adviser Register will be forced to complete the new exam by 1 January 2019 if they don't register soon. In new guidance issued by the regulator, only those advisers listed on ASIC's FAR ...

AFSL launches new IFA dealer service

JAMIE WILLIAMSON  |  THURSDAY, 2 AUG 2018
... to pick and choose from, tailoring the offering to their individual business needs. The services on offer include bespoke AFSL infrastructure such as self-branded documents and advice guidelines; quarterly responsible manager symposiums; quarterly file ...

Last chance to participate in the annual FS Managed Accounts Survey

MICHELLE BALTAZAR  |  WEDNESDAY, 1 AUG 2018
... traction, the primary reasons given were lack of access (not on their Approved Product List) or due to restrictions on their AFSL. The survey is running again this year. You can participate in the survey by clicking this link. Respondents get a chance ...

SMSFs: Low balance, low satisfaction

JAMIE WILLIAMSON  |  TUESDAY, 31 JUL 2018
Satisfaction with self-managed superannuation funds dropped in the last 12 months, particularly for those with a balance of less than $250,000. Latest insights from Roy Morgan show that while satisfaction with the financial performance of SMSFs is down ...

Former Australian Unity executive joins advice licensee

JAMIE WILLIAMSON  |  FRIDAY, 27 JUL 2018
... director Darren Steinhardt said. Steinhardt added that Davis will make a great cultural fit as he, like the majority of the AFSL's leadership team, has spent time as a financial adviser himself "which helps him to have real empathy with the challenges ...

Pressure mounts on regional advice

JAMIE WILLIAMSON  |  MONDAY, 23 JUL 2018
... Charter and Hillross dealer groups. Meanwhile, the beginning of July saw the cancellation of Dover Financial Advisers' AFSL. Publicly available records show more than 80 of its 400 financial advisers managed to transition to another licensee in the ...

Former REIT exec to lead new funds management business

KARREN VERGARA  |  FRIDAY, 20 JUL 2018
... business at Centuria Capital for three-and-a-half years. In appointing Rogan, Gowing Bros also announced it secured a new AFSL to enable it to operate the funds management business. Touted as a pioneer in the Australian retail space, Gowings' origins ...

Advice dealer group appoints executive

JAMIE WILLIAMSON  |  WEDNESDAY, 18 JUL 2018
... Merrill Lynch. Fitzpatricks Group managing director John McMurdo said Blackledge's primary focus will be growing the firm's AFSL via acquisitions. He said he is delighted to have her joining the group. "As a firm we continue to find and execute on a ...