Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 691 - 700 of 940 results for "AFSL"

Adviser Network launches SMSFit

KERRIE SYDEE  |  FRIDAY, 27 MAY 2016
... on their suitability to set up a self-managed super fund (SMSF). SMSFit will allow accountants to operate under a limited AFSL to provide compliant and personalised advice solutions following changes to financial advice regulation set to come into effect ...

Banned SMSF adviser charged for misappropriating $1.8m

ALEX BURKE  |  FRIDAY, 20 MAY 2016
... were appropriately trained and "competent to provide SMSF advice." Under the terms of the EU, Ascentiv has cancelled its AFSL and will write to some of its clients to inform them of this. Ascentiv director Chris Pappas will also be required to provide ...

ASIC reduces ban on director of fabricated fund

KERRIE SYDEE  |  MONDAY, 18 APR 2016
... sole director. ASIC was concerned that the claims on the ACM website gave the impression that: the fund existed and held an AFSL, was fully regulated and was trading at low risk whilst generating high returns. The investigation found that in fact the ...

CPA granted AFSL

KERRIE SYDEE  |  MONDAY, 18 APR 2016
ASIC has granted CPA Australia an Australian Financial Services licence (AFSL) and an Australian Credit Licence (ACL) for its wholly owned subsidiary, CPA Australia Advice. The granting of the licences is an important step in the establishment of the ...

Wealth management left out of data discussion

DARREN SNYDER  |  FRIDAY, 15 APR 2016
... provided for financial advice has come from the retail super funds. Yet the data feeds are generally only available through an AFSL or an authorised representative. "There are whole chunks of data missing in this space. Industry funds have been very ...

Infocus purchases another advice business

DARREN SNYDER  |  TUESDAY, 5 APR 2016
... The group said its succession plan began in 2014 in response to adviser demand for a viable exit strategy within the two AFSL holders operated under Infocus Wealth Management. Infocus managing director and chief executive Rod Bristow said the rationale ...

Accountants should beware AFSL traps

ALEX BURKE  |  MONDAY, 4 APR 2016
... Tynan. Tynan noted that existing business models and succession plans in accounting firms could be compromised if the "wrong" AFSL arrangement is made. He cited one example where a principal accountant and client was "horrified" when he realised his ...

ASIC hands Allegianz six month suspension

KERRIE SYDEE  |  FRIDAY, 1 APR 2016
... culture. ASIC won't hesitate to act against licensees who do not meet these important requirements." Allegianz has held its AFSL since July 2012 and provides specialised government, commercial and financial advisory services.

ASIC consults on robo regulation

ALEX BURKE  |  MONDAY, 21 MAR 2016
... consumers can learn about the features of different financial products without any attached recommendations - in this case, an AFSL would not be required. ASIC noted that exemptions to this rule can be provided in some cases, such as "generic financial ...

ASIC tightens Macquarie's AFSL

ALEX BURKE  |  FRIDAY, 11 MAR 2016
ASIC has announced additional conditions on Macquarie Bank's Australian financial services licence following an investigation. ASIC investigated several Macquarie breach reports between 2004 and 2014 pertaining to "breaches of the client money provisions ...