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Showing 711 - 720 of 1277 results for "AFS"

ASIC to target non-compliant advisers and AFSLs

JAMIE WILLIAMSON  |  THURSDAY, 1 MAR 2018
ASIC has outlined its key initiatives for the coming six months, with a specific focus on the conduct of financial advisers and licensees. Releasing its latest enforcement report, the regulator said it will be paying particular attention to financial ...

Decimal announces key super fund contracts

DARREN SNYDER  |  TUESDAY, 27 FEB 2018
Digital financial advice provider Decimal has renewed its partnership with a $72 billion industry superannuation fund; rolled out its Eqilize solution at an $8 billion industry fund; and signed a pilot contract with a "major diversified bank." The ASX-listed ...

Most investors shun credit ratings: Poll

KARREN VERGARA  |  MONDAY, 26 FEB 2018
Credit rating agencies have no bearing on the majority of investors' decisions, Financial Standard's weekly spot poll shows. Almost three-in-four (74%) respondents don't rely on the recommendations of credit rating agencies - 39% of these participants ...

Tax adviser registrations swell

JAMIE WILLIAMSON  |  THURSDAY, 22 FEB 2018
... the tax (financial) advisers notified that did not renew were no longer representatives of an Australian financial services (AFS) licensee. Others had notified to register when they did not need to, for example, or they did not actually provide tax (financial) ...

Best interest duty failures lead to EU

JAMIE WILLIAMSON  |  MONDAY, 19 FEB 2018
... years. He is also unable to be a director of a financial services company that is a corporate authorised representative of an AFS licensee; or apply for an AFSL. Orth will also make a $400,000 donation to Financial Literacy Australia.

CBA advice compensation bill balloons

KARREN VERGARA  |  WEDNESDAY, 24 JAN 2018
CBA is set to compensate a further $1.9 million to customers affected by five former "high-risk" financial advisers, according to ASIC. CBA will review the five former representatives' advice, licenced under subsidiaries Commonwealth Financial Planning ...

ASIC puts corner-cutting advisers on notice

JAMIE WILLIAMSON  |  MONDAY, 22 JAN 2018
... licensees and their staff who engage in these practices should consider this a final warning," ASIC chair Peter Kell said. "AFS licensees have ultimate responsibility for the conduct of their representatives and need to effectively monitor and supervise ...

HLB Mann Judd revises AFSL

JAMIE WILLIAMSON  |  THURSDAY, 18 JAN 2018
... and corporate restructures. Following surveillance, ASIC was not satisfied that HLB Mann Judd had met its obligations as an AFS licencee; or complied with RG111 which outlines the content of expert reports or RG112 outlining the independence of experts ...

ASIC cancels AFSL, accepts EU

DARREN SNYDER  |  TUESDAY, 16 JAN 2018
... Roberts has agreed to not act as a director, secretary, shareholder, employee, responsible manager or any other officers of an AFS licensee or authorised representative for two years; and notify ASIC and complete the relevant training and education requirements ...

Offshore investment vehicles await passport arrival

KARREN VERGARA  |  TUESDAY, 16 JAN 2018
The Federal Government is close to re-drafting legislation to allow offshore investment vehicles to operate in and from Australia as early as June, Revenue and Financial Services Minister Kelly O'Dwyer says. The long-awaited Asia Region Funds Passport ...