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Showing 41 - 50 of 57 results for "Australian Financial Services Licensees"

ASIC wants more adviser record-keeping rules

LAURA MILLAN  |  THURSDAY, 1 AUG 2013
... (FoFA) regulation. In Consultation Paper 214 called "Updated record-keeping obligations for Australian financial services licensees", ASIC asks planners to keep records to prove that the licensee and its representatives have complied with the best interests ...

FPA grief over new fee rules

BEN COLLINS  |  FRIDAY, 25 JAN 2013
... guidance on fee disclosure. Today the corporate watchdog handed down guidelines that tell Australian financial services licensees how to follow new fee disclosure rules that are part of the Future of Financial Advice (FoFA) reforms. Brought in under ...

ASIC warns industry about misusing term independent

LINDA HAUSKEN  |  THURSDAY, 3 MAY 2012
... 'independent', 'unbiased' or 'impartial' if they receive commission or volume-based payments. The Australian Financial Services Licensees (AFS) identified included 17 general insurance brokers, 3 financial planners and 1 life broker. "ASIC conducted ...

ASIC suspends Far East AFSL

CLAIRE MCGREAL  |  TUESDAY, 25 OCT 2011
... conditions. ASIC also said it was not advised of these breaches by the firm. "The compliance of Australian financial services licensees with their obligations is central to the informed and confident participation of consumers in the financial services ...

Banned adviser faces jail term

ELISE BURGESS  |  TUESDAY, 27 SEP 2011
... for his personal margin loan facility. Carll was an authorised representative of three Australian financial services licensees including Financial Wisdom, Financial Planning Services Australia and Genesys Wealth Advisers between 21 June 2004 and 20 May ...

ASIC surveillance sharpens focus on AFS licensees

MATT WOODINGTON  |  TUESDAY, 13 SEP 2011
... account. ASIC has released a report based on information obtained from the 20 largest Australian financial services licensees in 2010, to help recognise key policy and regulatory issues. "The analysis of the information gathered has informed ASIC's Risk-Based ...

ASIC moves to protect OTC retail investors

MATT WOODINGTON  |  TUESDAY, 10 MAY 2011
... by issuers and a staged implementation process. "Currently, under the Corporations Act, Australian financial services licensees dealing in OTC derivatives are legally allowed to use client funds to hedge positions," said Andrew Merry, managing director ...

ASIC recovers $24m for Westpoint victims

ASIC RELEASE  |  FRIDAY, 17 SEP 2010
... Further Westpoint proceedings are going ahead in relation to directors, auditors and three Australian financial services licensees. ASIC hopes to resolve these claims during 2010-11. The Westpoint group of companies collapsed in 2006 owing $388 million ...

Advisers to boost political clout

RUTH LIEW  |  MONDAY, 8 MAR 2010
... Association of Australia said it has two forums for its 600 principal members, who are Australian financial services licensees: the Small Principals' Forum, chaired by Brad Butler CFP, and the Medium to Large Principal Forum. In response to the AFA LLF ...

AMP planners back fee for service APL

MICHAEL HOBBS  |  TUESDAY, 9 FEB 2010
... include risk products, rebates and related payments that are product directed payments to Australian Financial Services Licensees. Helmich also said the financial planning division continues to work closely with fund managers on their product disclosure ...