AFSLs

Financial planning

Licensees face potential court action of FDS failures

The Australian Securities and Investments Commission has foreshadowed court action in the wake of a review of fee disclosure statements and renewal notices which uncovere...

Financial planning

FPA canvasses new licensing options

The Financial Planning Association is canvassing what the industry might look like over the next half-decade including whether a new licensing regime may evolve....

Policy & Regulation

BOLR: not cut and dried

Melbourne-based lawyer, Dan Mackay, argues that AMP is on far from firm legal ground in its approach to advisers and Buyer of Last Resort....

Policy & Regulation

ASIC stands by Responsible Manager process

The Australian Securities and Investments Commission has said that claims that it causes serious delays in “stringently reviewing” responsible manager appointments are “p...

Superannuation

AAT decision puts past offenders on notice

The Administrative Appeals Tribunal has upheld a decision to refuse Superannuation Warehouse’s application for a limited Australian financial services licence, after its ...

Policy & Regulation

Hundreds of firms in Australia affected by Brexit

The Australian Securities and Investments Commission has confirmed hundreds of firms operating in the Australian financial services industry are affected by the United Ki...

Policy & Regulation

Kaz Capital hit with further compliance review

ASIC has imposed additional conditions on the Australian financial services licence of Kaz Capital, following concern on the adequacy and effectiveness of the company’s c...

Policy & Regulation

When being a chartered accountant is not enough

Having an unblemished record as a chartered accountant is not justification in itself for being granted an Australian Financial Services License, according to the Adminis...

Policy & Regulation

Planning licensees amongst biggest ASIC funders

The new industry funding model for the Australian Securities and Investments Commission will see financial planning licensees and credit providers carrying some of the gr...

Financial planning

ASIC punishes Solar for licensee oversight

The Australian Securities and Investments Commission has cancelled the licence of a Sydney-based financial advisory firm following surveillance into potential issues of l...

Financial planning

ClearView extends hand to AFSL holders

As rumours swirl about the demise of the dealer group, ClearView has announced an offering that would give financial advisers who want their own AFSL access to the compan...

Funds management

DomaCom and DFS Portfolio Solutions launch sub-fund

DomaCom and DFS Portfolio Solutions have launched together a branded mortgage sub-fund with an initial $4.1 million....

Tech

Fintech promising but lacking understanding: FPA

The Financial Planning Association has highlighted the industry’s lack of understanding around the uses of fintech in a new whitepaper....

Financial planning

Two AFSLs cancelled and one suspended

The corporate watchdog has cancelled the AFSLs of Capstone Capital and Rebate Financial Services....

Funds management

IMAP to conduct MDA census

The Institute of Managed Accounts Professionals will conduct a census of institutions and AFSLs to gauge the FUM invested through managed accounts for 2016. ...