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|... Corporations Act in that they failed to do all things necessary to ensure that the financial services covered by their respective AFS licences were provided efficiently, honestly and fairly by reason of various failures in systems, processes and people ...|
|A foot in a shoe has been identified as belonging to missing woman Melissa Caddick, the woman who claimed to be a financial adviser and is the subject of an ongoing ASIC investigation. The human remains were discovered on a beach on the NSW South Coast ...|
|The corporate regulator continues to hunt down perpetrators that give bad advice to self-managed super funds, sounding a warning that it is flexing its new powers in superannuation. ASIC commissioner Danielle Press told the recent SMSF Association's ...|
|... managing conflicts of interest and adequate audit processes to monitor and supervise their representatives," the regulator said. "AFS licensees should conduct sufficient periodic audits of all their advisers and use suitably qualified staff to conduct ...|
|The corporate regulator has suspended the AFSL of a responsible entity that oversees a property and mortgage fund for breaching several compliance and reporting obligations. The licence of Queensland-based financial services provider Investors Exchange ...|
|The High Court has affirmed the Federal Court's 2019 decision that two Westpac subsidiaries provided unlicensed personal financial advice. In a decision handed down today, the High Court of Australia dismissed Westpac's appeal, determining the ...|
|... and not just financial advisers. The reforms emanate from the financial services Royal Commission , which recommends that AFS licensees should be required to comply with reference checking and information-sharing regulations like what the Australian ...|
|The federal government is driving hard the importance of accessing quality, affordable financial advice. Minister for Superannuation, Financial Services and the Digital Economy Jane Hume has flagged the opportunities the Morrison government will take ...|
|... professional indemnity insurance cover and terminating existing arrangements with clients. Last year ASIC suspended Halifax's AFS licence until 10 January 2020 following the appointment of Ferrier Hodgson as voluntary administrators on 23 November 2018. ...|
|The number of financial advisers licensed by AMP dropped dramatically in 2020, with the institution no longer the largest AFSL in the country by number of advisers. The largest AFSL is now the SMSF Adviser Network which had 839 advisers as at 31 December ...|
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VanEck has expanded its range of ETFs, announcing two new offerings to join its new Global Clean Energy ETF.
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The financial services software company has announced its plans to launch a technological solution to meet the Design and Distribution Obligations (DDO), commencing 5 October 2021.
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Capgemini has named a new managing director for Australia and New Zealand, following the recent promotion of Olaf Pietschner.
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Victorian-based Ahmed Saad appeared in court after being charged with dishonestly obtaining financial advantage by deception for his role in an illegal retail superannuation scheme.
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