FAAA looks to improve reportable situations regime relief

ASIC/breach-reporting/licensees/

The FAAA and other industry groups have responded to ASIC’s proposed relief under the reportable situations regime, making several recommendations to reduce “unnecessary regulatory burden”.

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Australian Unity CEO to retire after 21 years

australian-unity/financial-advice/ceo/

Australian Unity’s group managing director and chief executive has announced his plans to retire at the end of the year after two decades leading the company.

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ASIC’s new AFSL portal to launch in May

ASIC/AFSL/technology/

ASIC is launching a new portal for Australian Financial Services licensees in May to ease the process of applying for a licence.

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Federal Court freezes assets of individual amid Shield investigation

ASIC/court/

The Federal Court has made orders freezing the assets of an individual allegedly associated with marketing Shield and First Guardian Master Funds.

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AFCA urges advisers to report misconduct amid self-regulation push

AFCA/Shail-Singh/misconduct/Sarah-Abood/

AFCA’s Shail Singh has encouraged financial advisers, who are often the first to hear about examples of misconduct, to speak up and report such activity if they seek self-regulation.

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Platinum rules out Smolinski’s return to fund management

Platinum-Asset-Management/Platinum/Platinum-International-Fund/

Platinum chief executive Jeff Peters has indicated it is unlikely former co-chief investment officer Clay Smolinski will return to running the firm’s $4.2 billion flagship International Fund after his sabbatical.

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FNZ & TWC Invest announce senior tech hires

fnz/investment-management/appointment/

Global wealth management platform FNZ has appointed a new group head of APAC, while boutique investment manager TWC Invest welcomes a chief technology officer.

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TAL nabs AIA investment strategy head

appointments/hires/AIA/

TAL has appointed a senior manager for investment strategy and portfolio management who joins from a lead role at AIA.

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HeirWealth in partnership with Class Super

class/Class-Super/wealth-management/platform/intergenerational-wealth/

Wealth technology platform HeirWealth has announced an integration with Class Super so advisers can link their accounts with the platform.

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ASIC applies to liquidate First Guardian responsible entity

ASIC has applied for Falcon Capital to enter liquidation in the Federal Court as it continues its investigation regarding allegations customers were encouraged to roll over their super into its First Guardian fund.

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