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AFSL
Funds management
ASIC suspends the AFSL of Forex TG after it voluntarily requested for it to ensure it is complying with regulatory obligations following a restructure. ...
Accounting
ASIC numbers revealed application and approval numbers remained low for accountants even as the removal of the accountants exemption for advising on SMSFs loomed....
Financial planning
Limited licensing for accountants is all well and good, but how will it be policed, financial services mergers and acquisitions consultant, John Birt asks....
Financial planning
Former Secuitor practice, Experience Wealth, has gone it alone with an AFSL aimed directly at Gen X and Y clients....
Financial planning
ASIC has imposed new licence conditions on Morgans Financial Limited after it found several breach incidents over recent years. ...
Financial planning
Suncorp Life announced it will exit from its Guardian Advice and Suncorp Financial Planning businesses mid-2016, affecting the jobs of around 170 advisers....
Life/Risk
ASIC has cancelled insurance broker, Leedam’s AFSL a month after its sole director was banned from providing financial services....
Accounting
Many accountants are sitting on the hands not knowing what to do ahead of the expiry of the Accountants’ Exemption, according to one AFSL holder....
Funds management
Australian financial services licensee, Online Capital Markets, has paid $30,600 in penalties after receiving three infringement notices from ASIC for misleading online a...
Financial planning
A wholesale service provider’s AFSL has been cancelled by ASIC at the business’s request, two months after the regulator suspended it....
Life/Risk
Park Trent Properties Group has been found to have given unlawful advice to over 860 people to establish and switch funds into an SMSF....
Accounting
With less than a year to go to the end of the accountants’ exemption, another advice group has started offering accounting practices an outsourced AFSL facility....
Policy & Regulation
LSG Group’s AFSL has been cancelled by ASIC after it failed to comply with the conditions on its licence and financial services laws....
Financial planning
ASIC has cancelled the AFSL of a Western Australian insurance provider for breaches of various reporting, financial and other licensee obligations....
Financial planning
ASIC has cancelled Dunfo Capital’s AFSL after giving the firm six months to meet its legal obligations and licence conditions. ...
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MARKET INSIGHTS
Podcast
So shareholders lose a dividend plus have seen the erosion of value. Qantas decides to clawback remuneration from Alan ...
This is why I left my last position. There was no interest in giving the client quality time, it was all about bumping ...
So the Hayne Royal Commission has left us with this. What a sad day for the financial planning industry. Clearly most ...