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Showing 71 - 80 of 104 results for %22AFSL Register%22

Hayne report raises professionalism stakes

JAMIE WILLIAMSON  |  MONDAY, 11 FEB 2019
... is essentially their livelihood." The licensee won't be relieved from their compliance and monitoring duties. However, AFSL holders would be required to report serious compliance concerns to the proposed disciplinary body. Under this framework, Hayne's ...

FASEA reforms see ASIC register swell

JAMIE WILLIAMSON  |  TUESDAY, 8 JAN 2019
... not wishing to complete further education look to leave the industry. A shift is also expected to occur in regards to which AFSL advisers are licensed under, with the move away from institutional licensees continuing steadily and likely to hasten as ...

Financial Standard unwrapped: Our top stories in 2018

HARRISON WORLEY  |  WEDNESDAY, 19 DEC 2018
... significant wind-down of its advice business, with just five financial advisers remaining according to ASIC's AFSL register. What the 2018 Budget means for you The 2018 Federal Budget brought more changes to the superannuation system and beefed up ...

More than half of advisers without association membership

JAMIE WILLIAMSON  |  THURSDAY, 8 NOV 2018
... claiming membership. Excluding the IPA, these smaller bodies are in reality niche associations heavily reliant on a primary AFSL contributing a large portion of their adviser numbers, Rainmaker said. For instance, a majority of the AIOFP's membership ...

Dealer groups lift due diligence post Dover

JAMIE WILLIAMSON  |  MONDAY, 17 SEP 2018
... July 6 deadline, but latest ASIC Financial Adviser Register data shows more than 100 financial advisers are still without an AFSL or have left the industry. Of the 394 Dover advisers that were active as at June, 293 have managed to find a new licensee ...

Existing but unregistered advisers at risk

JAMIE WILLIAMSON  |  THURSDAY, 2 AUG 2018
Existing financial advisers that don't appear on ASIC's Financial Adviser Register will be forced to complete the new exam by 1 January 2019 if they don't register soon. In new guidance issued by the regulator, only those advisers listed on ASIC's FAR ...

Pressure mounts on regional advice

JAMIE WILLIAMSON  |  MONDAY, 23 JUL 2018
... Charter and Hillross dealer groups. Meanwhile, the beginning of July saw the cancellation of Dover Financial Advisers' AFSL. Publicly available records show more than 80 of its 400 financial advisers managed to transition to another licensee in the ...

Dover advisers turn orphans

JAMIE WILLIAMSON  |  FRIDAY, 6 JUL 2018
... transition elsewhere in recent weeks, latest ASIC data shows hundreds of advisers will be without a licensee when the disgraced AFSL shutters today. Rainmaker analysis of ASIC's Financial Adviser Register demonstrates Dover shed 95 authorised representatives ...

HSBC quietly exits financial advice

KARREN VERGARA  |  THURSDAY, 5 JUL 2018
... through third parties. "There is no risk to existing policies or investments," it said. According to ASIC's AFSL register, HSBC had 18 active financial advisers in December 2017. There were only five at the end of April 2018. HSBC joins three of ...

IOOF boosts adviser compliance support

KARREN VERGARA  |  TUESDAY, 19 JUN 2018
... IOOF's financial advice licensee support service has partnered with Integrity Compliance to help financial advisers manage AFSL requirements. IOOF Alliances aims to help its network of self-licensed advice businesses manage governance, risk and compliance ...