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Showing 81 - 90 of 201 results for "Indemnity"

Sydney advice firm loses AFSL

KANIKA SOOD  |  FRIDAY, 5 JUL 2019
... obligations as an AFS licensee because of its financial position," ASIC said. AWSM is required to maintain their professional indemnity insurance and their dispute resolution system until 31 December 2019 despite the cancellation. It may apply to the ...

CountPlus transfers SMA management

KANIKA SOOD  |  MONDAY, 1 JUL 2019
... Count Financial, which has 351 advisers and was to be a part of NewCo, to CountPlus for $2.5 million with a $200 million indemnity. It will also, over time, sell its 35.9% holding in CountPlus.

Commonwealth Bank mulls retail advice business sale

KANIKA SOOD  |  FRIDAY, 21 JUN 2019
... Count Financial, which has 351 advisers and was to be a part of NewCo, to CountPlus for $2.5 million with a $200 million indemnity. It will also, over time, sell its 35.9% holding in CountPlus.

CBA sells advice dealer group

JAMIE WILLIAMSON  |  THURSDAY, 13 JUN 2019
... past issue at Count Financial, including following the completion of the transaction. CBA will provide $200 million in indemnity to CountPlus and all claims under the indemnity must be communicated to CBA within four years of completion. This includes ...

ASIC catches illegal dual licensees

ELIZABETH MCARTHUR  |  MONDAY, 13 MAY 2019
... risks that could be associated with these dual licensees, ASIC pointed out an AFS licensee may not maintain professional indemnity insurance or membership of an external dispute resolution scheme because they are operating as an authorised representative ...

AFCA changes could impact PI cover cost: FPA

HARRISON WORLEY  |  TUESDAY, 23 APR 2019
... urging AFCA immediately consider and investigate the potential impact of its proposed legacy claims rule on professional indemnity insurance, with fears the cost of PI cover may rise. The FPA is concerned planners may not be covered under professional ...

Commonwealth Bank delays wealth demerger

JAMIE WILLIAMSON  |  THURSDAY, 14 MAR 2019
... costs and internal process improvements related to this work, while a further $200 million has been set aside as an indemnity provision for wealth management-related remediation. This includes ongoing service fees charged by aligned advisers, the group ...

CBA posts $4.6b in profits, dividend flat

KANIKA SOOD  |  WEDNESDAY, 6 FEB 2019
... advice and service delivery functions, Credit Card Plus, CommInsureLife Insurance, CommInsureLoan Protection and NewCo Indemnity. $245 million is to be spent on remediating banking customers on package fees, and interest and remediation. CBA's stock ...

SuperConcepts names interim chief executive

JAMIE WILLIAMSON  |  WEDNESDAY, 30 JAN 2019
... now commence a new role in the insurance industry on February 28. Fenech has been appointed chief executive of medical indemnity and deputy group chief executive at Avant Mutual, a medical indemnity insurance provider, SuperConcepts confirmed. Urquhart's ...

ASIC suspends online broker AFSL

KARREN VERGARA  |  TUESDAY, 15 JAN 2019
... in addition to ensuring Halifax continues have arrangements for compensating retail clients and to hold professional indemnity insurance cover. Halifax can request the Administrative Appeals Tribunal to review ASIC's decision. Ferrier Hodgson was appointed ...