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Showing 651 - 660 of 981 results for "AFSL"

Most investors shun credit ratings: Poll

KARREN VERGARA  |  MONDAY, 26 FEB 2018
... it came to compliance matters. ASIC found some agency's board did not meet regularly and should do so to comply with its AFSL. It also found that one agency's compliance review was "not of a standard that we would expect from a regulated organisation" ...

Best interest duty failures lead to EU

JAMIE WILLIAMSON  |  MONDAY, 19 FEB 2018
... undertaking from David Orth, director of Queensland-based Real Wealth and responsible manager of the Professional Representatives AFSL. Real Wealth serviced about 750 clients between May 2013 and December 2016, assisting clients with locating lost superannuation ...

CBA advice compensation bill balloons

KARREN VERGARA  |  WEDNESDAY, 24 JAN 2018
CBA is set to compensate a further $1.9 million to customers affected by five former "high-risk" financial advisers, according to ASIC. CBA will review the five former representatives' advice, licenced under subsidiaries Commonwealth Financial Planning ...

HLB Mann Judd revises AFSL

JAMIE WILLIAMSON  |  THURSDAY, 18 JAN 2018
... independent expert advice under an agreement with ASIC. The corporate regulator has accepted a voluntary variation of the AFSL held by HLB Mann Judd Melbourne's corporate finance division, whereby it is prohibited from preparing or providing independent ...

ASIC cancels AFSL, accepts EU

DARREN SNYDER  |  TUESDAY, 16 JAN 2018
ASIC has accepted an enforceable undertaking from a Queensland financial planning business and cancelled its AFSL. The EU also means Breakaway Finance Group's sole director Mark Roberts will remove himself from the industry for at least two years. Following ...

Offshore investment vehicles await passport arrival

KARREN VERGARA  |  TUESDAY, 16 JAN 2018
... released the draft legislation in October 2017 so fintechs can test financial services and products without the burden of an AFSL over a 24-month period. Superannuation and life insurance products; the issuance of consumer credit and non-cash payment ...

ASIC successfully files injunction against Melbourne advice provider

JAMIE WILLIAMSON  |  MONDAY, 15 JAN 2018
... relief as well as declarations of contraventions and financial penalties. According to ASIC, Financial Circle Pty Ltd holds an AFSL authorising it to advise clients about life risk insurance and superannuation products, and deal in those products. Financial ...

FSC finalises life insurance APL guidelines

ALEX BURKE  |  FRIDAY, 22 DEC 2017
... life insurance products not included on the list. "This means where advisers wish to use insurance offerings not part of an AFSL member's life insurance APL that they are not unnecessarily restricted from doing so and the AFSL member will make a decision ...

ASIC takes further action against MyPlanner

JAMIE WILLIAMSON  |  WEDNESDAY, 20 DEC 2017
... Fraser was an authorised representative of MyPlanner and recently switched to MyPlanner Professional Services - the second AFSL that MyPlanner recently transitioned a large number of advisers and staff to. The enforceable undertaking follows on from ...

Industry fund stepping up advice offering

JAMIE WILLIAMSON  |  TUESDAY, 12 DEC 2017
... financial advice and education is strategically important for LUCRF Super. Having our own Australian Financial Services Licence (AFSL) means we can provide the best advice for members and customise it based on their needs," Thow said. Thow said LUCRF ...