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Showing 911 - 920 of 1277 results for "AFS"

UBS adviser banned from financial services industry

STAFF WRITER  |  WEDNESDAY, 11 JUN 2014
... misleading and deceptive conduct. Sebastian Konjevic was a client adviser of UBS AG holding an Australian Financial Services (AFS) licence from September 2005 to April 2013. An Australian Securities and Investments Commission (ASIC) investigation found ...

CBA forced to review poor compensation methods

LAURA MILLAN  |  MONDAY, 19 MAY 2014
Commonwealth Financial Planning and Financial Wisdom will have to reopen compensation processes for more than 4,000 clients after its methods were found to be inconsistent and disadvantaged customers. The Australian Securities and Investments Commission ...

Research houses to blame for advice catastrophes: AIOFP

LAURA MILLAN  |  FRIDAY, 9 MAY 2014
The Association of Independently Owned Financial Professionals (AIOFP) said that research houses' conflicts of interest when rating products are one of the reasons behind the failure of some funds. In a submission to the Financial System Inquiry (FSI) ...

BNP Paribas appoints custody product head

STAFF WRITER  |  WEDNESDAY, 7 MAY 2014
... custodian with over $8 trillion in assets under custody, has appointed Justin Burman as head of product - asset and fund services (AFS) in Australia. Burman is responsible for market research and analysis, service offer development and management, product ...

ASIC cancels two more AFSL licences

LAURA MILLAN  |  MONDAY, 28 APR 2014
... portfolio of loans saw $85 million distributed to 1,200 investors. In April 2014, Banksia Mortgages applied to ASIC to cancel its AFS licence to minimise ongoing costs to investors and to allow it to transfer money to Banksia Securities Limited. Most ...

TPB releases tax advice definition in YouTube video

LAURA MILLAN  |  MONDAY, 14 APR 2014
The Tax Practitioners Board (TPB) has listed in a YouTube video the five requirements that advisers need to meet to comply with the definition of tax advisers. In a video uploaded to the TPB's YouTube channel last week, the organisation's chair Ian ...

ASIC eyes fee for service funding model

LAURA MILLAN  |  TUESDAY, 8 APR 2014
... million to regulate Australian Financial Services licensees. However, ASIC collects only $3.7 million in registry fees from AFS licensees, approximately 3.5% of the cost of regulation. ASIC proposed a hybrid model based on a fee for service, but where ...

ICAA questions AFSL system, calls for individual licensing

ALICE URIBE  |  TUESDAY, 1 APR 2014
The Institute of Chartered Accountants Australia (ICAA) has said that the current practice of individual financial advisers operating under the Australian Financial Services Licences (AFSLs) of institutions could result in a decline of competition and ...

Actuate rebrands, now SFG Alliance Services

LAURA MILLAN  |  TUESDAY, 18 MAR 2014
SFG Australia-owned Actuate Alliance Services has rebranded to become SFG Alliance Services as the group continues to consolidate its brands. SFG Alliance Services provides services for non-aligned Australian financial services license (AFSL) partners. ...

FEATURE: Advisers go solo

LAURA MILLAN  |  FRIDAY, 28 FEB 2014