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Showing 661 - 670 of 1224 results for "Licensees"

Vertical integration needs overhaul: Poll

KANIKA SOOD | MONDAY, 14 MAY 2018

... advice industry giants on April 30. Orr argued that planners working from approved product lists that featured only the licensees' platform offerings were at systematic risk of failing to act in the best interest of their clients. Separating platform ...

Adviser disciplinary regime has holes: AFA

JAMIE WILLIAMSON | MONDAY, 14 MAY 2018

... could have to ensure a more effective disciplinary regime." The AFA highlighted information sharing as a key issue, with licensees typically not sharing information on individual advisers with their respective professional associations. The association ...

ASIC and FPA submit recommendations to RC

HARRISON WORLEY | FRIDAY, 11 MAY 2018

... to a customer. ASIC said these reviews were likely to be of "limited value" to many customers, and took exception to licensees charging fees for an offer of a service, rather than the provision of one. The Financial Planning Association (FPA) also made ...

Federal government responds to white collar crime Senate inquiry

KANIKA SOOD | MONDAY, 7 MAY 2018

... Commission's findings to act on three sets of recommendations: self-reporting, industry codes and giving ASIC powers to direct licensees. Allowing disgorgement of profits in civil penalties, the government agreed that courts should give priority to compensating ...

RC suggests separating platforms and advice licensees

ALEX BURKE | MONDAY, 30 APR 2018

... Counsel Assisting Rowena Orr at the end of the financial advice Royal Commission was that vertical integration of advice licensees and platform providers carries systemic risk. Orr said that licensees using approved product lists that are "limited or ...

RECAP: Advice in the Royal Commission spotlight (Days 6- 9)

KANIKA SOOD | FRIDAY, 27 APR 2018

... an executive to testify on its practice of negotiating the outcomes of enforceable undertakings with financial advice licensees. At the SMSF Expo in Melbourne, SMSF Association chief executive John Maroney said: "I don't want to go into detail about ...

ROYAL COMMISSION: Our top stories

JAMIE WILLIAMSON | FRIDAY, 27 APR 2018

... Commission questioned ASIC over its practice of heavily negotiating enforceable undertaking outcomes with financial advice licensees. Senior Counsel Assisting Rowena Orr asked ASIC senior executive leader - financial advisers, Louise Macaulay, why ASIC ...

ASIC grilled over negotiating with banks

ALEX BURKE | FRIDAY, 27 APR 2018

... today questioned ASIC over its practice of heavily negotiating enforceable undertaking outcomes with financial advice licensees. Senior Counsel Assisting Rowena Orr asked ASIC senior executive leader - financial advisers, Louise Macaulay, why ASIC did ...

Royal Commission singles out 325 NAB staff cutting corners

ALEX BURKE | TUESDAY, 24 APR 2018

... statements." Steele found employees thought such behaviour was "common practice and acceptable," both at NAB and at non-NAB licensees, and that they did not understand the serious of these actions. Hagger said this concerned him very much, adding that ...

ANZ blames systems for inadequate controls: RC

KARREN VERGARA | MONDAY, 23 APR 2018

... use financial planning software XPLAN. Over time, ANZ recognised how important creating uniformity was, and mandated licensees to move to XPLAN or else "part ways with us," she said. Rixon also said remuneration structures varied between salaried planners ...

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Global X awards mandate for ETF business

ELIZA BAVIN | 12:33PM

Global X has awarded a new custody and administration mandate for its Australian ETF business.

Bell Asset Management launches small-caps fund

KARREN VERGARA | 11:56AM

Bell Asset Management has formally launched its Australian Small Companies Fund, which is run by former Tyndall Asset Management portfolio managers.

Former Australian Ethical finance chief lands new gig

MATTHEW WAI | 11:09AM

The former chief financial officer of the ethical investment manager has joined a local finance company after wrapping up his tenure at AUB Group.

MySuper assets pursue $1.5tn Choice sector

KARREN VERGARA | 12:20PM

MySuper assets are fast catching up to the $1.5 trillion Choice sector, hitting nearly $1.2 trillion in the March quarter.

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