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Showing 51 - 60 of 1224 results for "Licensees"

HESTA pays $40k fine for greenwashing

ELIZA BAVIN  |  THURSDAY, 6 NOV 2025
... over misleading statements made in its 2023 annual report. ASIC has previously issued infringement notices to other licensees in response to concerns about alleged greenwashing including against Morningstar, Future Super, Diversa Trustees, Northern Trust ...

Majority of SMSF establishments based on bad advice: ASIC

KARREN VERGARA  |  THURSDAY, 6 NOV 2025
... to establish an SMSF to acquire off-the-plan properties through limited recourse borrowing arrangements. ASIC warned licensees that they are ultimately responsible for the advice provided by their financial advisers. Looking at licensees' policies and ...

Number of AFSLs plateaus: Rainmaker

ELIZA BAVIN  |  MONDAY, 3 NOV 2025
... there was a decrease of 71 advisers, with 10 leaving the industry in the September quarter. The total number of advice licensees rose by 0.8% during the 12-month period but fell 0.4% in the September quarter. This results in there now being 1864 AFSLs ...

Shield, First Guardian fallout calls for tougher scrutiny on research houses, licensee governance

MATTHEW WAI  |  FRIDAY, 24 OCT 2025
... The fall of the Shield Master Fund and First Guardian Master Fund calls for tougher scrutiny of research houses and licensees to strengthen their governance framework, according to experts, who warn that an entrenched system requires an urgent shakeup. ...

ASIC targets potential vertical integration in managed accounts

KARREN VERGARA  |  FRIDAY, 17 OCT 2025
... build in-house products. ASIC commissioner Alan Kirkland said the managed accounts sector "can be very attractive for licensees at all parts of the product manufacturing and distribution value chain." "So, we'll be looking at what conflicts may arise ...

MLC Expand targets time savings with new AI capabilities

MATTHEW WAI  |  THURSDAY, 16 OCT 2025
... administration and manual data entry a month." "The AI functionality used to upload CSA was piloted over recent months by several licensees, including Shadforth Financial Group, Bridges Financial Services, and Rhombus Advisory. We worked closely with ...

Feature: Compliance | Passing the buck

ELIZA BAVIN  |  WEDNESDAY, 15 OCT 2025
... in members' best interests," he said. "While it is essential that those who misled trustees, research houses, and licensees are called to account, the Australian superannuation system has evolved to safeguard members, and those safeguards must be ...

ASIC slams licensees' lax offshoring governance

KARREN VERGARA  |  FRIDAY, 10 OCT 2025
Most financial advice licensees that rely on offshore service providers (OSPs) fail to adequately assess, monitor and audit their arrangements thus putting their processes and business at risk, a new ASIC investigation reveals. ASIC's review of 10 financial ...

AWAG to snap up 20% stake in First Mutual

RIDDHIMA TALWANI  |  TUESDAY, 7 OCT 2025
... expansion. To reach its target number of authorised representatives, it plans to onboard three or four additional boutique licensees. Through its expansion, AWAG hopes to provide shared services and benefits across its product offerings, including centralised ...

3500 advisers at risk as deadline looms

JAMIE WILLIAMSON  |  TUESDAY, 30 SEP 2025
... standards, and whether the licensee has notified ASIC about an intention to rely on the experience pathway. It also urged licensees to take caution when making changes as common errors have been made, like incorrectly marking an adviser as being on the ...