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

Search Results

Showing 691 - 700 of 905 results for "Australian Financial Service"

ASIC presses on with Westpoint compensation

ASIC RELEASE  |  MONDAY, 30 NOV 2009
ASIC has reached an agreement to settle class actions against Bongiorno Financial Advisors, which has links to the failed Westpoint Group. An ASIC statement late last week noted that the watchdog had agreed to settle actions against Melbourne-based ...

ASIC outlines credit agency requirements

COMPANY RELEASE  |  FRIDAY, 13 NOV 2009
Local credit rating agencies must hold an Australian Financial Services (AFS) licence, properly manage conflicts of interest that arise and ensure employees are adequately trained from January next year following regulatory changes. The Australian Securities ...

PIS to pay $5.9m to Westpoint investors

ASIC RELEASE  |  MONDAY, 2 NOV 2009
... the Westpoint Group, and breached its Australian financial services licence. PIS was one of seven Australian financial service licensees against whom ASIC commenced proceedings for compensation on behalf of Westpoint investors. The investors in Westpoint-related ...

Finance firms must highlight career opps

MICHAEL HOBBS  |  FRIDAY, 30 OCT 2009
Australian financial services employers will need to articulate the career development opportunities that exist by joining and staying with them as local workers start to eye opportunities overseas again. Speaking at the Finsia Financial Services Conference ...

FPA board approves move away from commissions

COMPANY RELEASE  |  FRIDAY, 23 OCT 2009
The Financial Planning Association of Australia's board has approved the association's remuneration policy that moves its members away from a commission-based model by July 2012. The FPA received more than 250 responses to its consultation paper "Financial ...

AFS jumps on board Powerwarp

COMPANY RELEASE  |  THURSDAY, 8 OCT 2009
Australian Financial Services has become the first national dealer group to sign onto investment administration provider, Powerwrap Limited. AFS, with funds under advice of $5.5 billion, 222 advisers and sustained continual growth, is the first national ...

AFS hires Unsworth as regional manager

COMPANY RELEASE  |  TUESDAY, 22 SEP 2009
Australian Financial Services (AFS) has hired former KBC Asset Management executive, Meaghan Unsworth as regional manager for New South Wales and Australian Capital Territory. Unsworth previously worked at Macquarie, Count, Colonial First State and ...

PIS in Westpoint compensation deal

ASIC RELEASE  |  TUESDAY, 15 SEP 2009
Professional Investment Services has reached an agreement with ASIC to settle a class action brought by the corporate watchdog in relation to failed Westpoint investments. The proceeding concerns a claim for compensation relating to financial advice ...

Suncorp FUM down, life risk profits up

MICHAEL HOBBS  |  TUESDAY, 25 AUG 2009
Suncorp's funds under management fell almost $800 million to $23 billion but the firm was buoyed by life risk profits which rose 13 per cent to $87 million. The firm's full year profit results found the funds management division was hit by bad markets ...

ASIC slaps six year ban for MIS fraud

ASIC RELEASE  |  MONDAY, 24 AUG 2009
Mum-and-dad investors in South Australia have been caught out in a $15.2 million fraud carried out by yet another finance company operating without a financial services licence. ASIC has banned Jonathan Peter West, of Athelstone, South Australia from ...