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| | | 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 ... |
| | | | 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 ... |
| | | | 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 ... |
| | | | ... 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) ... |
| | | | ... 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 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 ... |
| | | | ... 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 ... |
| | | | ... 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 ... |
| | | | ... 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 ... |
| | | | 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 ... |
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