FINANCIAL SERVICES LICENCE
Financial planning
A US-based online brokerage has ceased providing new margin loans to its Australian clients following an investigation into the conditions of its AFSL....
Financial planning
Two businesses specialising in providing support to small licensees said they were experiencing significant growth due to dealer group dissatisfaction and FOFA. ...
Superannuation
New research from SPAA suggests a significant gap exists with respect to accountants giving advice on SMSFs working under AFSLs ...
Superannuation
The growth of the self-managed superannuation funds (SMSF) sector could be damaged by the failure of fund members to properly manage the funds and their holdings, accordi...
Financial planning
Synchron’s John Prossor claims a repeat of the AFS brokerage losses can be avoided by paying advisers without delay....
Financial planning
Industry body Boutique Financial Planners has called for clear disclosure of licensee ownership after Roy Morgan research revealed a large percentage of consumers were no...
Financial planning
Perth securities dealer Stellar Securities has had its Australian financial services licence cancelled after it failed to comply with its financial requirement conditions...
Funds management
Zenith Investment Partners’ Daniel Liptak has joined newly-established specialist institutional consulting firm ZG Advisors. ...
Funds management
ASIC has sought court orders that LM First Mortgage Income Fund be wound-up after its collapse earlier this year....
Financial planning
The regulator permanently bans a planner and insurance broker in separate actions....
Financial planning
Only weeks after WB Financial cancelled its AFSL and folded into CBA-owned Financial Wisdom, another business has come forward with a similar move. ...
Financial planning
FSC places $1 billion price tag on TASA implementation as PJC weighs competing submissions from accounting and planning industries....
Editorial
ASIC was right when it issued a warning to financial services licensees to ensure they have “robust recruitment processes” in place when appointing people who have previo...
Financial planning
Charitable investment funds act like banks so they should be regulated as such, according to ASIC....
Financial planning
The Salisbury Group (TSG), a planning business with 50 planners, has gone into administration following the recent closure of Australian Financial Services (AFS). ...
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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...