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Showing 671 - 680 of 2026 results for "Application"

Financial Wisdom to shut down

JAMIE WILLIAMSON  |  WEDNESDAY, 7 AUG 2019
Commonwealth Bank has confirmed it will close Financial Wisdom. It will also allow Pathways advisers to commence transitioning elsewhere. Releasing its full year results today, the bank has confirmed it will commence the assisted closure of Financial ...

Spaceship co-founder to exit

KANIKA SOOD  |  TUESDAY, 6 AUG 2019
... fund may consider applying for a responsible superannuation entity licence down the line, after it had to withdraw an application earlier this year. "We withdrew it earlier in the year to give ourselves a bit more of time to work around our responsibilities ...

Adviser stole $200k from SMSFs

ELIZABETH MCARTHUR  |  TUESDAY, 6 AUG 2019
... just until the end of May that year but was extended to 30 September 2016 so that Marigold Falconer could lodge an application for licence variation. In August 2016, ASIC cancelled the AFS licence of Marigold Falconer because it was unable to satisfy ...

AMP MDA constraints frustrate advisers

ELIZABETH MCARTHUR  |  MONDAY, 5 AUG 2019
... that AMP Financial Planning is working through addressing the licence conditions. "In April, AMP Financial Planning's application to provide MDAs was granted by ASIC with some conditions, as announced by ASIC. We are working through addressing those ...

Former adviser cops 20-year prison sentence

JAMIE WILLIAMSON  |  FRIDAY, 2 AUG 2019
... Bennett was found guilty of conspiracy, securities fraud, wire fraud, bank fraud and making false statements on a loan application. According to trial testimony, Bennett defrauded 46 retiree investors of their life savings between December 2014 and April ...

Unfair contract terms extended to insurance

KARREN VERGARA  |  FRIDAY, 2 AUG 2019
... protect the business, and would cause detriment (financial or otherwise) to a consumer. In recommendation 4.7, the application of unfair contract terms provisions to insurance contracts, Commissioner Kenneth Hayne said there was no reason to exempt insurance ...

APRA clarifies super fund acquisition process

KARREN VERGARA  |  TUESDAY, 16 JUL 2019
... a stake in superannuation funds. Parties seeking to acquire a 15% holding or more in an RSE must undertake the new application process. The process, APRA said, is consultative and each application is assigned a responsible supervisor who is the main ...

AFCA delivers $83 million win

ELIZABETH MCARTHUR  |  MONDAY, 15 JUL 2019
The Australian Financial Complaints Authority has collected over $83 million for consumers and small businesses in just six months. In its first six months of operations, AFCA received over 35,000 complaints and 60% of those have already been resolved. ...

AMP Life sale blocked

JAMIE WILLIAMSON  |  MONDAY, 15 JUL 2019
... On July 13, Resolution Life informed AMP that the RBNZ would not consider Resolution Life's change of control application unless it agreed to separate, ringfenced assets held in New Zealand for the benefit of policyholders there. This is inconsistent ...

Chief economist update: Don't buy a Big Mac in America

BENJAMIN ONG  |  FRIDAY, 12 JUL 2019
... manipulators to date, the US Commerce Department has already submitted proposals (in May this year), including the application of "countervailing" import duties on countries it deems subsidising its export of goods and services through an undervalued ...