AFSL
Financial planning
The corporate regulator has cancelled one AFSL and suspended another as the firms failed to lodge financial statements and auditor’s reports....
Funds management
ASIC has released new and updated guidance for the funds management industry for consultation to reduce regulatory burden....
Financial planning
The Administrative Appeals Tribunal (AAT) has affirmed ASIC’s licence cancellation for Mark Power and associated companies....
Financial planning
Accountants have helped drive a 51 per cent increase in the number of new advisers listed on the Australian Securities and Investments Commission Financial Adviser Regist...
Editorial
Mike Taylor writes that serious questions are being asked about whether the Government’s proposed enhancements to the AFSL breach reporting regime will be worth the incre...
Financial planning
ASIC has cancelled the financial services licence of Gallop International Group, formerly known as Weather Pro Exchange....
Editorial
Mike Taylor writes that when the Government introduced the ‘significance test’ to the AFSL breach reporting regime in 2003 it was seen as sensible moderation but all that...
Financial planning
The corporate regulator has cancelled the AFSL of mortgage scheme responsible entity, DD&D Securities for failing to comply with obligations....
Financial planning
Capstone Financial Planning has advised that it is not related to Capstone Capital after the corporate regulator cancelled Capstone Capital’s AFSL....
Financial planning
The corporate watchdog has cancelled the AFSLs of Capstone Capital and Rebate Financial Services....
Financial planning
ASIC has cancelled the AFSL of liquidated firm, Aquaint Capital, the responsible entity for Aquaint Income Fund....
Financial planning
ASIC has cancelled Sovereign MF’s AFSL as liquidators are in the final stages of winding up its schemes....
Financial planning
ASIC has cancelled the AFS licence of a Sydney-based firm, Core Insurance, for failing to lodge financial statements and auditor reports. ...
Financial planning
ASIC has refused to grant relief to an entity seeking exemption to hold an AFSL to develop and use a robo-advice tool for use by super fund trustees on their websites....
Financial planning
ASIC has concluded monitoring dealer group, Lionsgate Financial Group after it imposed additional conditions on the firm’s AFSL in 2013 for failure to ensure its advisers...
Never miss the latest news and developments in wealth management industry
MARKET INSIGHTS
Podcast
The succession dilemma is more than just a matter of commitments.This isn’t simply about younger vs. older advisers. It’...
Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...
It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...