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| | | ... exactly when this will take place. Tranche 1, which included updating processes for ongoing fee arrangements and Financial Services Guides, passed parliament in July. Jones flagged that reforming advice laws will be a key aspect in improving member outcomes ... |
| | | | ... her leadership has been invaluable. "We are grateful for her lasting impact on both the association and the financial services industry." |
| | | | ... contracts, arising from a recommendation of the Royal Commission into Misconduct in the Banking, Superannuation, and Financial Services Industry. |
| | | | The Perth-based financial services business has appointed a managing director, promoting from one of its subsidiaries. Tim Bunney has taken on the role, stepping up from managing director and head of institutional sales of the group's main operating ... |
| | | | ... Separately, a relief that allows financial advisers to rely on website disclosure information instead of providing a Financial Services Guide (FSG) when dealing in financial products has been welcomed by the industry. Financial Advice Association Australia ... |
| | | | A Queensland-based financial services business has lost its Australian financial service licence (AFSL) following its failure to comply with licensee obligation. ASIC revoked the AFSL of Next Generation Advice (in liquidation) (Next Gen) after the Queensland ... |
| | | | ... Group director Shitij Mann said the firm shifted its identity last year from a financial planning company to a financial services company; a change driven by evolving client expectations. Mann said, in response, discussions with clients were restructured ... |
| | | | ... notifies ASIC of the details of the firm that failed to pay the compensation, ASIC must cancel the Australian financial services licence and credit licence of the firm," ASIC said. As a result, ASIC cancelled the two licences on October 16. In 2022 ... |
| | | | ... there is no impact on the group's ability to manage client capital." The charge forms part of the Korean Financial Services Commission (FSC) cracking down on short-selling practices following a market-wide review, with indictments being issued against ... |
| | | | ... product will deliver significant value to investors." Perkins brings over three decades of experience in the financial services industry to the new role, specialising in structured finance, asset-backed securities, and debt capital markets. He has held ... |
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