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Showing 1 - 10 of 100+ results for "ASIC"

Capstone drops jailed adviser

KARREN VERGARA  |  FRIDAY, 15 OCT 2021
... Police Force three days later. Babbage was licensed by Capstone Financial Planning and operated on his own. According to ASIC's Financial Adviser Register, Babbage was licensed by Capstone until yesterday. In addition to being an authorised representative ...

ASIC extends SoA relief measure

KARREN VERGARA  |  THURSDAY, 14 OCT 2021
Corporate regulator ASIC is extending the temporary Statement of Advice relief measure until 15 April 2022. This marks the second time that ASIC has extended the relief measure, which enables advisers to replace SoAs with Records of Advice for existing ...

ASIC calls for stronger whistleblowing policies

ANNABELLE DICKSON  |  THURSDAY, 14 OCT 2021
... companies and the trustees of superannuation funds to ensure their whistleblowing policies are compliant. The letter comes after ASIC reviewed a sample of whistleblower policies and was concerned they did not address the relevant requirements, leaving ...

ASIC commences proceedings against Diversa

ELIZABETH MCARTHUR  |  MONDAY, 11 OCT 2021
... billion Future Super, Mason Stevens Super, ING Super and MAP Master Super - later known as OneSuper - among other funds. ASIC has commenced civil proceedings against Diversa, alleging that between March 2019 and December 2020 it was aware that ASIC was ...

Fiducian adds $38m FUA to network

KARREN VERGARA  |  FRIDAY, 8 OCT 2021
... the dealer group's policy not to disclose the names of advisers that join its network. According to Rainmaker's analysis of ASIC Financial Advisers Register, Fiducian currently has 78 authorised representatives, spread across New South Wales (34), Victoria ...

Mainstream shareholders vote in favour of Apex

ANNABELLE DICKSON  |  FRIDAY, 8 OCT 2021
... resolution. The acquisition remains subject to court approval on October 15. If approved, Mainstream will lodge the court orders to ASIC on October 18 and will cease trading on the same day. The scheme will be implemented on October 27. At the scheme ...

ASIC chases $12m from Mayfair

ELIZABETH MCARTHUR  |  THURSDAY, 7 OCT 2021
... million in fines for misleading and deceptive conduct, but Mayfair founder James Mawhinney maintains there was no wrongdoing. ASIC is seeking $12 million in penalties from Mayfair Wealth Partners, M101 Holdings, M101 Nominees (which is in liquidation) ...

Adviser exam cost jumps under new bill

KARREN VERGARA  |  THURSDAY, 30 SEP 2021
... Response-Better Advice) Bill 2021 exposure draft regulations released yesterday will see advisers sitting the soon-to-be ASIC administered exam pay $948 per sitting. This is significantly more that the Financial Standard and Ethics Authority's charge ...

Link hires RSS compliance head

ANNABELLE DICKSON  |  THURSDAY, 30 SEP 2021
Link Group hired a senior superannuation specialist from ASIC to take on the role of global head of risk and compliance for its Retirement & Superannuation Solutions (RSS) division. Theresa Mills joined ASIC in 2016 as a director of its financial literacy ...

ASIC bans adviser, cancels AFSL

ANNABELLE DICKSON  |  TUESDAY, 28 SEP 2021
... providing financial services for four years and cancelled the associated AFSL for failure to comply with its general obligations. ASIC found that Frederick Steven Ackerman failed to act in the best interests of his clients or provide them appropriate ...
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