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Showing 581 - 590 of 1237 results for "licensees"

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 ...

CBA, ASIC move to resolve AFSL conditions

KANIKA SOOD  |  WEDNESDAY, 10 APR 2019
... of directors of Commonwealth Financial Planning Ltd and Financial Wisdom Ltd must confirm in writing to ASIC that the licensees have complied with the additional conditions." KordaMentha also found both licensees had taken reasonable steps to identify ...

ASIC outlines enforcement efforts

ELIZABETH MCARTHUR  |  WEDNESDAY, 10 APR 2019
... million to be paid out of fund assets without member approval." In its update, ASIC said in 2019 misconduct involving AFS licensees would be looked at closely. It said: "We are also focusing on responsible lending breaches, as well as the sale of inappropriate ...

ASIC approves AMP for MDAs

HARRISON WORLEY  |  TUESDAY, 9 APR 2019
... Planning as a result of approving AMPFP's application to vary its license to provide MDAs. Since September 2016, licensees have been transitioning away from ASIC's previous no-action position on MDA services, to modified licenses allowing them ...

Financial advice in 2030: What does it look like?

JAMIE WILLIAMSON  |  TUESDAY, 9 APR 2019
... reduced valuations of ongoing revenue, WealthDigital predicts. Meanwhile, the number of small to mid-sized privately-owned licensees will have grown, and many may be aligned to managed account providers, the white paper reads. The service provider also ...

APRA receives new super powers

KARREN VERGARA  |  FRIDAY, 5 APR 2019
... derivatives held directly or through associated entities, as well as initial investments into non-associated entities. RSE licensees will be obliged to make publicly available the details of portfolio holdings twice annually after each reporting day ...

IOOF appoints head of advice governance

HARRISON WORLEY  |  FRIDAY, 5 APR 2019
... Eyk where he was head of finance and operations, and ANZ as head of operations and projects for the bank's aligned licensees. Earlier he spent three years at ING as chief financial officer in its RI Advice group. IOOF advice general manager Darren ...

AMP overhauls wealth leadership

ELIZABETH MCARTHUR, JAMIE WILLIAMSON  |  THURSDAY, 4 APR 2019
... and the imposition of additional licence conditions is part of ongoing efforts to make our expectations clear to AFS licensees," ASIC commissioner Danielle Press said. "ASIC will impose licence conditions based on what an applicant is seeking authorisation ...