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Showing 81 - 90 of 111 results for "AFS licensees"

ClearView slams APL standard

KARREN VERGARA  |  TUESDAY, 18 APR 2017
... or research house ratings. ClearView will petition the government for mandated open life insurance APLs for all AFS licensees and is preparing a formal submission in response to the FSC's draft standards.

Sydney firm sees AFSL cancelled

EMMA RAPAPORT  |  WEDNESDAY, 18 JAN 2017
... auditor reports and auditor opinions for three years. The regulator said it would "not hesitate to act" against AFS licensees who do not comply with ASIC requirements.

Regulator finalises ANZ compliance review

ALEX BURKE  |  FRIDAY, 23 DEC 2016
... AFS obligations. This is important in maintaining customer trust and confidence in the sector." "ASIC expects all AFS licensees to have systems in place to ensure they can satisfy their general AFS obligations," he said.

Advisers to foot $24m bill

KERRIE SYDEE  |  TUESDAY, 8 NOV 2016
... Financial Advisers Register (FAR). Under the proposal licensees would pay $960 per number of advisers listed on the FAR. AFS Licensees who provide personal advice on Tier 2 products only to retail clients will pay a $1500 flat levy, general advice providers ...

Adviser Ratings makes two senior hires

KERRIE SYDEE  |  TUESDAY, 20 SEP 2016
... for advisers and licensees in the retail insurance sector. Cowie's role will see her securing industry members, AFS licensees and advisers to ensure a high level of engagement across the platform. Managing director Angus Woods said: "Both Jaime and Kellie ...

ASIC cancels AFSL, bans responsible managers

DARREN SNYDER  |  FRIDAY, 9 SEP 2016
... was banned from providing financial services for a period of three years. ASIC commissioner Greg Tanzer said: "All AFS licensees need to ensure their culture does not drive poor conduct within their business. ASIC will take action against licensees and ...

PMIIG licence cancelled

MARK SMITH  |  FRIDAY, 5 AUG 2016
... markets and that consumers can have confidence and trust in the financial services market. ASIC will take action when AFS licensees fail to meet their obligations," ASIC commissioner Greg Tanzer said. PMIIG has the right to appeal to the Administrative ...

Funding for the government's adviser register unclear

LAURA MILLAN  |  FRIDAY, 24 OCT 2014
... licensees by $5 to $44." However to achieve this figure ASIC would need to collect the extra $5 from about one million AFS licensees. That this will be the only source of funding seems unlikely given that there are currently around 5,000 AFS licensees ...

ASIC demands last resort compensation scheme

LAURA MILLAN  |  MONDAY, 20 OCT 2014
... resolution and the compensation framework in the financial services industry. "PI insurance is designed to protect AFS licensees against business risk, and not to provide compensation directly to investors and financial consumers," the regulator said. ...

ASIC reviews FoFA progress

JAMES FERNYHOUGH  |  THURSDAY, 18 SEP 2014
... Financial Advice (FoFA) reforms have had little effect on either adviser numbers or the type of financial advice AFS licensees provide, according to the Australian Securities and Investments Commission (ASIC). In its review on the implementation of FoFA ...