FINANCIAL SERVICES LICENCE
Financial planning
Australian Financial Services ends its run as licence cancelled under voluntary administration....
Financial planning
Whittaker Macnaught advisers will have to open a practice under Financial Wisdom if they wish to retain their clients after CBA closes the advice business on 30 June....
Financial planning
Speculation surrounding the future of the Australian Financial Services (AFS) Group has increased amid questions about its ability to provide professional indemnity (PI) ...
Funds management
ASIC has suspended LM Investment Management’s AFSL for two years as its investigation into the fund manager continues. ...
Financial planning
ASIC has accepted an enforceable undertaking (EU) from Halifax Investment Services after an investigation found deficiencies in the company’s risk management and complia...
Financial planning
A securities dealer has volunteered to wind back its operations after an ASIC review found the company had breached conditions of its Australian financial services licenc...
Financial planning
Addwealth Financial Services has had its licence cancelled by the Australian Securities and Investments Commission....
Financial planning
ASIC has imposed additional conditions on Lionsgate Financial Group’s licence after conducting a surveillance of its advice business....
Financial planning
While the 'hard' implementation date for the Future of Financial Advice (FOFA) regulation is 1 July 2013, one financial planner has been voluntarily complying with the re...
Financial planning
ASIC ordered AAA planners to be covered by the dealer group’s PI insurance policy until 29 January, 2014....
Financial planning
ASIC Commissioner Peter Kell said dealer group AAA Financial Intelligence had an “appalling record” when it comes to ensuring the advice provided was fair and honest....
Accounting
The implementation of the 'limited licence’ regime is likely to result in more accountants becoming fully licensed to provide financial advice, according to JNP Capital d...
Financial planning
ASIC has cancelled the financial services licence of AAA Shares, a national dealer group based in Adelaide....
Superannuation
As superannuation funds continue to build out their scaled advice capabilities, online solutions are helping to build greater efficiency for members to action advice in r...
Financial planning
Premium Wealth Management has entered into a deal with Bronny Speed and Angus McLeod's AdviceIQ partners to access the AFSL underpinning PortfolioIQ....
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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...