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

Search Results

Showing 41 - 50 of 1072 results for "Representatives"

Centrepoint profit jumps, grows advisers

ELIZA BAVIN  |  THURSDAY, 22 AUG 2024
... other licensees. "Centrepoint continues to lead the market in financial adviser recruitment with 549 authorised representatives at the end of June, an increase of 38 since the start of this financial year," it said. "In contrast, many other licensee ...

CFMEU fallout stokes governance debate

ANDREW MCKEAN  |  MONDAY, 12 AUG 2024
... national secretary Zach Smith subsequently said the union had a "zero tolerance for criminality" and that any representatives found to have engaged in criminal conduct would be expelled. Since then, reportedly over 20 members, some of which have ties ...

ASIC intends to extend legislative instruments

MATTHEW WAI  |  FRIDAY, 9 AUG 2024
... instrument. [CO 14/923] was introduced to impose specific record-keeping obligations for AFS licensees or their representatives as they provide personal advice. It states that licensees must keep records for seven years after the day the personal advice ...

Cbus taps ex-AustralianSuper equities chief for 'critical role'

ANDREW MCKEAN  |  TUESDAY, 6 AUG 2024
... Hahnemann's departure comes amid scrutiny over Cbus' board-level ties to the CFMEU. The fund has defended its representatives, asserting that they satisfy APRA's fit and proper standards. Nevertheless, shortly after the scandal broke out, Alexandra West ...

Former wealth management chief ousted from financial services

ANDREW MCKEAN  |  FRIDAY, 2 AUG 2024
... UGC's AFS licence was revoked following a damning ASIC investigation which revealed that the firm's authorised representatives had contacted prospective clients, urged them to establish a self-managed superannuation fund (SMSF), rollover their existing ...

Court rejects former fund manager's appeal

KARREN VERGARA  |  WEDNESDAY, 31 JUL 2024
... and that he operated a financial services business without as AFS licence (AFSL). On 10 August 2021, his legal representatives filed an application seeking orders that the pleas of guilty be set aside. On 8 April 2022, the District Court dismissed the ...

Build Your Wealth adviser cops ban

KARREN VERGARA  |  FRIDAY, 26 JUL 2024
... provided were done so efficiently, honestly and fairly and that it failed to take reasonable steps to ensure its representatives complied with financial services laws," the regulator said. Many of the clients were in a self-managed superannuation fund ...

Industry funds defend CFMEU board ties

ANDREW MCKEAN  |  FRIDAY, 19 JUL 2024
Industry funds BUSSQ and Cbus have defended their respective boards' close ties to the CFMEU, saying all representatives satisfy the fit and proper standards outlined by APRA. This week the Victorian branch of the Construction, Forestry and Maritime ...

ASIC bans 'incompetent' financial services directors

ANDREW MCKEAN  |  FRIDAY, 19 JUL 2024
... were responsible for ensuring XTrade complied with financial services laws and monitoring the supervision of its representatives. However, ASIC found that they failed to manage conflicts of interests, which led to aggressive sales tactics by XTrade's ...

ASIC, APRA provide FAR update

ELIZA BAVIN  |  FRIDAY, 12 JUL 2024
... planning; reinsurance management; scam management; technology management; training and monitoring of relevant representatives and staff; underwriting; and whistleblower policy and process. New information in the package also includes a joint ASIC and ...