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Showing 51 - 60 of 180 results for "Indemnity"

Former NAB, Infocus advisers banned

ALLY SELBY  |  MONDAY, 2 DEC 2019
... the Queensland Criminal Code. ASIC said that by "failing to disclose this information to Infocus and the professional indemnity insurer, Ms Williams prevented her licensee from making a fully informed decision about her suitability as an authorised representative." ...

How much a self-licensee spends on compliance

KANIKA SOOD  |  THURSDAY, 28 NOV 2019
... Personal Financial Services said $4.50 for every $100 of revenue is currently going towards compliance, including personal indemnity insurance, memberships to industry bodies, audits and training. "The biggest component of that is likely the PI [personal ...

Count Financial bolsters team as part of transition

ELIZABETH MCARTHUR  |  THURSDAY, 17 OCT 2019
... acquired by a wholly-owned subsidiary of the Count Member Firm Trust. The $2.5 million sale included a $200 million CBA indemnity agreement against certain past regulatory and advice failure liabilities. At the time of the acquisition, CountPlus chief ...

Bennelong boutique scores first insto mandate

KANIKA SOOD  |  THURSDAY, 26 SEP 2019
... adopters of high quality managers such as Quay." Avant Mutual provides insurance to medical professionals, including indemnity insurance, and life insurance products that are issued through NobleOak. Quay was founded in 2013 by Justin Blaess, who left ...

CommSec responds to sale rumours

ELIZABETH MCARTHUR  |  TUESDAY, 17 SEP 2019
... Planning)and NewCo (Financial Wisdom). CBA recently offloaded Count Financial to CountPlus for $2.5 million with a $200 million indemnity.

CountPlus' 100-day plan for Count Financial

ELIZABETH MCARTHUR  |  MONDAY, 26 AUG 2019
... wholly-owned special purpose subsidiary of the Count Member Firm Trust. The agreement includes a $200 million Commonwealth Bank indemnity against certain past regulatory and advice failure liabilities. CountPlus chief executive Matthew Rowe said: "Our ...

Adviser stole $200k from SMSFs

ELIZABETH MCARTHUR  |  TUESDAY, 6 AUG 2019
... September 2018. Marigold Falconer had its licence suspended by ASC in May 2016 because it did not have current professional indemnity insurance to cover claims for breaches of financial services laws by its representatives. The suspension was originally ...

Willis Towers Watson buys Aussie broker

KRISTI CHENG  |  FRIDAY, 2 AUG 2019
... advice and services. WTW head of Australasia Simon Weaver said: "RCA is the foremost team in Australasia for Warranty and Indemnity insurance. This offering builds on our current FINEX specialties and supports the growing client needs and market dynamics ...

350 tax practitioners under investigation

ELIZABETH MCARTHUR  |  WEDNESDAY, 17 JUL 2019
... returns for several clients. A five-year termination was also handed out for failure to provide evidence of professional indemnity insurance. And, a one-year suspension came about as a result of indications the tax practitioner had engaged in conduct ...

Sydney advice firm loses AFSL

KANIKA SOOD  |  FRIDAY, 5 JUL 2019
... obligations as an AFS licensee because of its financial position," ASIC said. AWSM is required to maintain their professional indemnity insurance and their dispute resolution system until 31 December 2019 despite the cancellation. It may apply to the ...