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Showing 711 - 720 of 1238 results for "licensees"

Vertically integrated institutions failing to manage conflicts of interest

JAMIE WILLIAMSON  |  THURSDAY, 25 JAN 2018
... finding that, despite in-house products accounting for just 21% of the combined APLs of each institution's two largest licensees, 68% of total client funds were invested in them. ASIC said while more than half of the licensees had over 60% of the customers' ...

CBA advice compensation bill balloons

KARREN VERGARA  |  WEDNESDAY, 24 JAN 2018
... offer independent reviews from qualified advisers such as lawyers or accountants, in relation to the advice received. Licensees are reimbursing about $5000 (plus GST) in fees. "All customers have been contacted to advise them that CBA is conducting a ...

HUB24 responds to adviser demand

JAMIE WILLIAMSON  |  TUESDAY, 23 JAN 2018
Financial advice licensees can now upload templates for Records of Advice to the HUB24 platform, allowing increased efficiency when trading and generating ROAs for clients. The integrated ROA solution is the latest in a raft of upgrades to HUB24's functionalities ...

ASIC puts corner-cutting advisers on notice

JAMIE WILLIAMSON  |  MONDAY, 22 JAN 2018
... "Improper and unethical practices around binding death nomination forms can lead to very poor consumer outcomes. Advisers, licensees and their staff who engage in these practices should consider this a final warning," ASIC chair Peter Kell said. "AFS ...

HLB Mann Judd revises AFSL

JAMIE WILLIAMSON  |  THURSDAY, 18 JAN 2018
... effective from 20 December 2017 and replaces an interim undertaking by HLB Mann Judd to cease IER engagements. "AFS licensees active in the provision of IERs have heightened responsibilities as financial system gatekeepers. We will continue to monitor ...

FSC finalises life insurance APL guidelines

ALEX BURKE  |  FRIDAY, 22 DEC 2017
... and the AFSL member will make a decision for the off APL request within seven business days," the standard explains. Licensees will also need to maintain records of how many insurers are included on the APL and how many "off-label" requests are received ...

Former Challenger executive joins HUB24

KARREN VERGARA  |  WEDNESDAY, 20 DEC 2017
... holistically, including securities under a Holder Identification Number via the HUB24 platform and AgilityConnect. Five licensees are currently benefiting from this integration, the company said. It also recently inked a white label deal with Euroz ...

APRA unveils proposed RSE reform package

KARREN VERGARA  |  WEDNESDAY, 13 DEC 2017
... cost bases and remain competitive," APRA said. In the second phase of its consultation process, APRA is proposing RSE licensees to review and if necessary, improve strategic and business planning practices, decision-making and oversight of fund expenditure. ...

MyPlanner enters ASIC radar

JAMIE WILLIAMSON  |  WEDNESDAY, 6 DEC 2017
... Professional Services, a second AFSL that a large number of MyPlanner advisers and staff recently transitioned to. Both licensees are now required to engage an independent expert to assess, make recommendations and report on the monitoring and supervisory ...

Institutional advice licensees to continue feeling the heat

JAMIE WILLIAMSON  |  WEDNESDAY, 29 NOV 2017
It's only a matter of time before institutional advice licensees open up their approved product lists as they try to compete with the growing popularity of the non-aligned space. HUB24 managing director Andrew Alcock believes the ongoing impact of the ...