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Showing 71 - 80 of 1904 results for "licensee"

ASIC suspends Newcastle advice firm's AFSL over missing key person

MATTHEW WAI  |  FRIDAY, 28 NOV 2025
... ASIC to vary its AFSL within five days as required, and it was unaware of the breach until ASIC made enquires of the licensee. As a result, FFA provided financial services for more than two years without a key person and ASIC alleges it has failed to ...

Rainmaker's John Dyall to retire

STAFF WRITERS  |  THURSDAY, 27 NOV 2025
Rainmaker Information's long-serving head of investment research John Dyall will retire at year-end, closing out a career that has left a deep imprint on the Australian investment and advice sectors. Dyall joined Rainmaker in 2015, bringing more ...

FX coaching platform handed additional conditions over compliance failures

MATTHEW WAI  |  WEDNESDAY, 26 NOV 2025
... notification obligations is important to allow ASIC to monitor the AFSL's financial health on a timely basis and ensure the licensee is solvent and can demonstrate they continue to meet the ongoing financial requirements stipulated in their licence ...

Super funds lagging RIC obligations: Pulse Check

ELIZA BAVIN  |  WEDNESDAY, 26 NOV 2025
ASIC and APRA have released the findings of the 2025 Pulse Check on retirement income covenant (RIC) implementation, painting a fairly dire picture of how super funds are understanding and meeting member needs. While the regulators said some improvements ...

Clime shutters two funds, offloads retail book

KARREN VERGARA  |  TUESDAY, 25 NOV 2025
... Fund," he said. With respect to the divestment, three staff members attached to the retail business will move to a new licensee. Clime managing director Michael Baragwanath said the group will focus on the high-net-worth segment. "Our core strength remains ...

Two financial services directors fined $15k over reporting failures

MATTHEW WAI  |  TUESDAY, 25 NOV 2025
Directors of Sheffield Insurance Pty Ltd (trading by the name of Sheffield Insurance Services), Phillip Bird and Daniel Holmes, have been convicted of two offences and fined $15,000 over failure to lodge financial statements and auditors' reports with ...

MLC platform adds retirement specialist

ELIZABETH FRY  |  THURSDAY, 20 NOV 2025
... MLC Expand chief executive Liz McCarthy said the firm had been pleased with the feedback and demand from advisers and licensee groups since launching MLC Retirement Boost. The product operates like a standard superannuation account but allows customers ...

Why risk advice is on the verge of collapse: Experts

MATTHEW WAI  |  WEDNESDAY, 19 NOV 2025
... their advice. That would mean that if those people were in place, whether it's as part of a broader financial service licensee or whatever, they wouldn't have that same flexibility to receive remuneration," Ross said. "They'd need to be remunerated ...

FAAA launches digital client identification tool

KARREN VERGARA  |  WEDNESDAY, 19 NOV 2025
The Financial Advice Association Australia (FAAA) will launch a digital client identification tool to assist advisers identify and verify their clients for anti-money laundering and counter-terrorism financing (AML/CTF) purposes. FAAA SafeID, an end-to-end ...

HUB24 takes stake in Finura Digital

ELIZA BAVIN  |  WEDNESDAY, 19 NOV 2025
HUB24 has taken an equity stake in Finura Digital, the parent company to Advice Designer, a SaaS platform that helps financial advisers automate their advice production processes. In addition, HUB24 will introduce myhub, an "ecosystem concept" being ...