AFSL

Financial planning

How many banned advisers have moved into advice management?

The Financial Planning Association wants managers of advice licensees subjected to the same reference-checking protocols as advisers in circumstances where it says it has...

Financial planning

Future of group purchasing bodies unclear

Firms looking to structure its group purchasing arrangements should look to alternatives as the group purchasing body relief might be replaced soon....

Policy & Regulation

Licensees earn their stamping fees and should keep them

Licensees work hard for the stamping fees they are paid and should be entitled to keep them, according to Investment Collective managing director, David French....

Financial planning

ASIC bans Qld adviser and cancels Smart Solutions licensee

Financial adviser Timothy Shapter has been banned for seven years for failing best interests duty and his licensee Smart Solutions has had its licence cancelled....

Financial planning

ASIC imposes additional licence conditions on BGC

Additional licence conditions have been placed on BGC Securities Australia in relation to its fixed income business....

Life/Risk

Insurers and claim-related parties may look to merge under one AFSL

Legislation surrounding the regulation of claims handling may have insurers and related parties look to fall under a single Australian Financial Services License to ease ...

Financial planning

ASIC cancels AFS licence of KP International Group Australia

The Australian Securities and Investments commission has cancelled the Australian financial service licence of KP International Group Australia due to resignation of all ...

Funds management

ASIC takes action against Marco’s managed investment scheme

The Australian Securities and Investments Commission has taken further steps to wind up Chris Marco’s alleged unregistered managed investment scheme....

Policy & Regulation

Licensees granted three years grace on planner compliance

The Australian Securities and Investments Commission has granted planning licensees a three-year exemption from the requirements to have planners sign up to a code-monito...