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Showing 61 - 70 of 162 results for "AFS Licensee"

ASIC releases CCIV guidelines

CASSANDRA BALDINI | FRIDAY, 24 JUN 2022

ASIC has released long-awaited regulatory guidelines relating to the registration and licensing requirements for Corporate Collective Investment Vehicles ahead of its July 1 implementation date. The information sheet (INFO 272) and report (REP 728) ...

ASIC bans financial adviser for five years

ANDREW MCKEAN | FRIDAY, 20 MAY 2022

... Australian financial services (AFS) licence. For part of that period, Guan was an authorised representative of an AFS licensee but his authorisation didn't permit him to trade shares on, or operate, managed discretionary accounts, ASIC said. The ASIC ...

ASIC issues warning to finfluencers

JAMIE WILLIAMSON | MONDAY, 21 MAR 2022

The corporate regulator has issued information for social media influencers who discuss financial products and the licensees who use them, warning they face substantial penalties if their content contravenes financial services law. The information sheet ...

Fortnum hires engagement and growth leads

KARREN VERGARA | THURSDAY, 25 NOV 2021

Fortnum Private Wealth made two senior hires who will oversee practice engagement and growth for the AFS licensee. Brisbane-based Simon Wright and Sydney-based Jaimie Ramsey joined Fortnum as practice engagement and growth managers as part of the licensee's ...

ASIC launches remediation review

KARREN VERGARA | WEDNESDAY, 17 NOV 2021

A new ASIC review will force licensees to improve identifying remediation issues and rectify and compensate consumers sooner. The corporate watchdog launched a new consultation with the advice industry to ensure that AFS licensees act efficiently, honestly ...

Government advances adviser levy drop

KARREN VERGARA | THURSDAY, 11 NOV 2021

The federal government is forging ahead with slashing the financial adviser levy by more than a third for those that provide retail advice. Corporate watchdog ASIC today updated its 2020-21 Cost Recovery Implementation Statement, which lays out how ...

ASIC clarifies adviser exam obligations

KARREN VERGARA | THURSDAY, 23 SEP 2021

... 2019, and has not been banned, disqualified or subject to a court enforceable undertaking. A relevant provider is an AFS licensee or its representative, and is authorised to provide personal advice to retail clients as the licensee or on behalf of the ...

Asendium partners with licensee support firm

KARREN VERGARA | WEDNESDAY, 22 SEP 2021

Asendium has joined forces with a licensee support firm that has more than 70 AFS Licensees nationwide. My Dealer Services is using the financial advice technology firm's software to develop compliant advice. Advisers will be able to generate in-house ...

Breach reporting guidance released

KARREN VERGARA | WEDNESDAY, 8 SEP 2021

ASIC has released more details on how financial advisers providing advice to retail clients can comply with the upcoming breach reporting law. Information sheet 259 Complying with the notify, investigate and remediate obligations sets out further guidance ...

ASIC releases grandfathered arrangement findings

KARREN VERGARA | FRIDAY, 16 JUL 2021

... payable on or after 1 January 2021 must be rebated by a product issuer to a product holder instead of being paid to an AFS licensee or its representatives. During the review period, 89 product issuers paid $760.5 million in GCR relating to 1273 products. ...

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Australian Unity to shed 195 roles

MATTHEW WAI

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

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