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Showing 61 - 70 of 880 results for "Australian Financial Services"

Macquarie raked over the coals again by ASIC

ANDREW MCKEAN  |  WEDNESDAY, 14 MAY 2025
... remediation of long-standing issues, which led us to impose additional conditions on Macquarie Bank's Australian Financial Services licence only last week," Longo said.

ASIC cancels licence of Brite Advisors

ANDREW MCKEAN  |  MONDAY, 5 MAY 2025
ASIC has cancelled the Australian financial services licence of Brite Advisors after the now-defunct investment and pension firm failed to compensate a client, triggering a payout under the Compensation Scheme of Last Resort (CSLR). The regulator cancelled ...

ASIC streamlines AFSL applications

JAMIE WILLIAMSON  |  MONDAY, 5 MAY 2025
The regulator launched a new digital portal for Australian financial services licence (AFSL) applications. From today, those wishing to gain an AFSL can use ASIC's new portal, integrated with the ASIC Regulatory Portal. It has a new interface and method ...

ASIC bans unlicensed WA adviser

ELIZA BAVIN  |  FRIDAY, 2 MAY 2025
... lacked the fitness and propriety, and the training and competence, required to participate in the Australian financial services industry. The banning took effect from 22 April 2025. Kendrick has the right to appeal to the Administrative Review Tribunal ...

Federal Court hammers defunct advice firm with $11m penalty

ANDREW MCKEAN  |  MONDAY, 28 APR 2025
... penalty demonstrates the seriousness of this misconduct." ASIC cancelled Equiti Financial Service's Australian financial services licence in November last year.

Adviser exam pass rate declines

MATTHEW WAI  |  MONDAY, 7 APR 2025
... initiates the third quarter of their professional year and they also need to be authorised by an Australian financial services licensee as a provisional financial adviser. To date, 21,812 individual candidates have sat the exam and over 20,237 (92%) ...

FNZ wins mandate, names APAC head

JAMIE WILLIAMSON  |  TUESDAY, 18 MAR 2025
... provider, following OneVue's decision to exit the space. "[FNZ] have a strong reputation in the Australian financial services industry and currently provide investment platform services to several large banks and superannuation funds," CareSuper said. ...

Property developer, investment firm goes 'all in' on Australia

ANDREW MCKEAN  |  WEDNESDAY, 26 FEB 2025
... Hong Kong in 2016 and former financial advice group Grant Thornton Private Wealth. It launched its Australian financial services business in the lead up to the 2018 Banking Royal Commission and currently partners with 35 advice firms across Australia. ...

Magellan sees profit fall 10%

ELIZA BAVIN  |  THURSDAY, 20 FEB 2025
... progressed work on the adoption of a fourth. "Today we stand as a trusted financial group in the dynamic Australian financial services marketplace, known for being a valued partner for our clients, built on our legacy of providing differentiated high-quality ...

Government to scrap advisers' approved qualifications list

KARREN VERGARA  |  MONDAY, 10 FEB 2025
... some material changes." Jones said: "Financial advisers are already registered by their authorising Australian Financial Services licensees under Stage 1. Not proceeding with Stage 2 removes unnecessary red tape on individual advisers."