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Showing 591 - 600 of 1237 results for "licensees"

Major advice licensee in possible best interest breach

JAMIE WILLIAMSON  |  THURSDAY, 4 APR 2019
Extra conditions have been placed on the AFSL of one of Australia's biggest financial advice licensees following an investigation sparked by phenomenal growth in adviser numbers in just six months. SMSF Advisers Network has had additional licence ...

CPD policy publication deadline looms

KARREN VERGARA  |  THURSDAY, 28 MAR 2019
Financial planners that have yet to publish a CPD policy on their website have less than four days to comply. Licensees have until 31 March 2019 to comply with the Financial Adviser Standards and Ethics Authority's continuing professional development ...

Morgans Financial licence conditions lifted

ELIZABETH MCARTHUR  |  MONDAY, 25 MAR 2019
... surveillance of Morgans' compliance with financial services laws, with a particular focus on the general obligations of licensees. Prior to the additional licence conditions being imposed, ASIC identified concerns relating to Morgans' arrangements for ...

Banks, ASIC still at war over fees-for-no-service

HARRISON WORLEY  |  TUESDAY, 12 MAR 2019
ASIC's fee-for-no-service report card shows the regulator and some financial advice licensees still have fundamentally different views on what constitutes a fee-worthy service. ASIC's fees-for-no-service further review report card has shone light on ...

ASIC scolds banks over fee-for-no-service delays

HARRISON WORLEY  |  MONDAY, 11 MAR 2019
... scale reviews - they relate to systemic failures over long periods with reviews going back six to 10 years and cover 36 licensees from the six institutions that currently authorise more than 7,000 advisers," Press said. "However, we believe the institutions ...

Practifi integrates with XPLAN

KANIKA SOOD  |  WEDNESDAY, 6 MAR 2019
... specialist systems, has been embraced in every market we've entered," Elliott said. "Our focus on ensuring advice firms and licensees can run all aspects of their businesses, from the sales pipeline, through client management, to business analytics ...

Class makes managed accounts play

JAMIE WILLIAMSON  |  TUESDAY, 5 MAR 2019
... Investing in Philo Capital Advisers, Class will provide software to support the company's offering, including services to licensees using BT Panorama. The investment is via convertible notes which are expected to convert into equity based on a growth-related ...

ASIC releases AFSL approval data

JAMIE WILLIAMSON  |  FRIDAY, 1 MAR 2019
... ensuring an appropriate level of scrutiny is applied to these applications." Day also encouraged prospective applicants and licensees intending to apply for variations to consider the regulatory environment in doing so. "ASIC's licensing and registration ...

Accountant banned for bad SMSF advice

HARRISON WORLEY  |  TUESDAY, 19 FEB 2019
... posed major hurdles for individuals and were not for everybody. "ASIC will continue to take action when advisers or AFS licensees don't comply with the law," she said. "Consumers need to know that managing your own super is a major commitment that can ...

APRA could oversee stalled super fund mergers

KANIKA SOOD  |  WEDNESDAY, 6 FEB 2019
... to the Superannuation Industry (Supervision) Act (SIS Act), including giving APRA a power to issue directions to RSE licensees. "It may be that, in particular circumstances, addressing a stalled merger would be an appropriate use of such a power," Commissioner ...