Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 581 - 590 of 940 results for "AFSL"

Advisers grapple with client retention

KARREN VERGARA  |  WEDNESDAY, 18 JUL 2018
... transition," Peker said. Another trend reported was the rise of the self-licensed financial planner. One-in-five have their own AFSL - the numbers have doubled since 2012. Additionally, the vast majority (78%) of this cohort seek external assistance ...

FASEA-induced exodus increasingly likely

JAMIE WILLIAMSON  |  TUESDAY, 17 JUL 2018
... of SMSF advice. It is also calling for a specific education pathway for accountants providing SMSF advice under a limited AFSL. In contrast, wealthdigital technical manager Rob Lavery believes FASEA represents a major hurdle for accountants in the SMSF ...

Boutique licensee acquires regional advice firm

JAMIE WILLIAMSON  |  FRIDAY, 13 JUL 2018
... greater scale to clients. The acquisition brings the Profile team to 35 working across four offices, with Abood saying the AFSL is firmly focused on the future and ensuring the business' sustainability. "We're looking at implementing more technology ...

Super funds countdown to Royal Commission

KARREN VERGARA  |  MONDAY, 9 JUL 2018
Superannuation funds called up to the financial services Royal Commission now have less than four weeks to prepare, as the fifth round commences on August 6 in Melbourne. The fourth round of hearings, which focused on agricultural financing and interactions ...

Dover advisers turn orphans

JAMIE WILLIAMSON  |  FRIDAY, 6 JUL 2018
... transition elsewhere in recent weeks, latest ASIC data shows hundreds of advisers will be without a licensee when the disgraced AFSL shutters today. Rainmaker analysis of ASIC's Financial Adviser Register demonstrates Dover shed 95 authorised representatives ...

Phone life insurance sales 'hawking' customers: Royal Commission

KARREN VERGARA  |  FRIDAY, 6 JUL 2018
... insurance which drove poor behaviour and a sales-driven culture, and effectively breached anti-hawking provisions. Select AFSL managing director Russell Howden was in the hot seat again; this time explaining to the Commission why ASIC had reason to believe ...

Royal Commission cracks down on life insurance phone sales

KARREN VERGARA  |  THURSDAY, 5 JUL 2018
... indigenous woman who was convinced into buying a funeral insurance policy with Let's Insure (which is owned by Select AFSL) even though she was already covered. Marika said she couldn't fully understand the representative, who spoke over her ...

HSBC quietly exits financial advice

KARREN VERGARA  |  THURSDAY, 5 JUL 2018
... provided through third parties. "There is no risk to existing policies or investments," it said. According to ASIC's AFSL register, HSBC had 18 active financial advisers in December 2017. There were only five at the end of April 2018. HSBC joins ...

Simple Fund 360 picks up AdviserLogic

HARRISON WORLEY  |  THURSDAY, 5 JUL 2018
... products built to assist financial advisers, licensees, brokers, corporate authorised representatives, software providers and AFSL holders to prosper." AdviserLogic chief executive Daniel Gara said the additional data now available through Simple fund ...

Dover AFSL cancelled, McMaster exits industry

JAMIE WILLIAMSON  |  FRIDAY, 29 JUN 2018
... representatives in avoiding liability to a client for bad advice. ASIC also found that the terms conflicted with the obligations of an AFSL holder under the financial services law regarding client complaints and claims. ASIC was also concerned that Dover ...