Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 921 - 930 of 1277 results for "AFS"

La Trobe mortgage fund gets "Strong" rating

STAFF WRITER  |  WEDNESDAY, 26 FEB 2014
The La Trobe Australian Mortgage Fund has been awarded a "Strong" rating from Australia Ratings. In its first rating from Australia Ratings, A the rating was given due to a number of operational components, performance, financial adequacy and stability ...

ASIC accepts EU from forex broker over prohibited IMA

STAFF WRITER  |  TUESDAY, 25 FEB 2014
... individually managed account (IMA) which was a managed discretionary account (MDA). Forex FS's Australian financial services (AFS) licence prohibits it from offering a MDA service to retail clients except through a registered managed investment scheme. ...

SFG growth not affected by FoFA changes

LAURA MILLAN  |  TUESDAY, 25 FEB 2014
SFG Australia has reported a strong half year result, which it says was not affected by the implementation costs of the Future of Financial Advice (FoFA) regulation. SFG operating earnings before interest, taxes, depreciation and amortisation (EBITDA) ...

Latest Financial Standard issue available on the iPad app

STAFF WRITER  |  MONDAY, 24 FEB 2014
In the latest edition of Financial Standard, we look at the pros and cons of setting up your own Australian Financial Services Licence (AFSL). We also investigate the calls from some sectors of the industry to take superannuation out of the modern awards ...

ASIC cancels Capital Advisers' licence

LAURA MILLAN  |  THURSDAY, 13 FEB 2014
The Australian Securities and Investments Commission (ASIC) has cancelled the Australian Financial Services (AFS) licence of Capital Advisers. The regulator also cancelled Capital Advisers' Australian credit licence following concerns that the group ...

Accountant guilty of operating 21 unregistered schemes

LAURA MILLAN  |  THURSDAY, 30 JAN 2014
... funds totaling almost $550,000 and of carrying on a financial services business without an Australian financial services (AFS) licence. Between 1998 and 2010 more than 1000 investors placed more than $100 million in investment property schemes in Australia ...

FSC asks Son of Wallis Inquiry to focus on export growth

LAURA MILLAN  |  FRIDAY, 13 DEC 2013
The Financial Services Council (FSC) is looking at the Financial System Inquiry as an opportunity to find ways for Australia's financial services to maximise exports and ensure growth. In a submission to the terms of reference of the so-called Son of ...

Accountants cautious to enter advice space

LAURA MILLAN  |  TUESDAY, 26 NOV 2013
Accountants are entering the advice space in very limited numbers and almost six months after the accountant exemption ended, only 31 have applied for a limited Australian financial services licence (AFSL). "Accountants will not be rushing into limited ...

CBA follows ASIC's lead in Senate submission

LAURA MILLAN  |  MONDAY, 18 NOV 2013
Commonwealth Bank (CBA) has followed the lead of the Australian Securities and Investments Commission (ASIC) and is asking for a detailed public register of financial advisers in a submission to the Senate inquiry on the regulator's performance. The ...

AIOFP members to undertake compliance review

LAURA MILLAN  |  TUESDAY, 12 NOV 2013
Members of the Association of Independently Owned Financial Professionals (AIOFP) will be undertaking compliance reviews under a new partnership with two service providers. Argyle and My Dealer Services will be providing the AFSL review service to over ...