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Showing 11 - 20 of 118 results for "Financial product advice"

iExtend finds interim arrangement to operate

KARREN VERGARA  |  TUESDAY, 6 FEB 2024
... by entering into the co-ownership agreements. ASIC was also concerned that iExtend may have provided financial product advice without a licence, and that iExtend may look to provide a claims handling and settling service in the future. iExtend chief ...

ASIC investigates iExtend over possible unlicensed conduct

CHLOE WALKER  |  THURSDAY, 23 NOV 2023
... agreement with policyholders. The undertaking shows ASIC is also concerned that iExtend may have provided financial product advice without a licence, and that iExtend may look to provide a claims handling and settling service in the future. Around the ...

ASIC strips institutional broker's AFSL

ANDREW MCKEAN  |  THURSDAY, 16 NOV 2023
... including professional indemnity insurance coverage. The institutional broker, formerly authorised to provide financial product advice and custodial services to both retail and wholesale clients, retains the right to seek a review of ASIC's decision ...

K2 told to freeze distribution of fund

JAMIE WILLIAMSON  |  MONDAY, 4 SEP 2023
... condition which stated the product is only suitable for distribution to consumers who have received general financial product advice. ASIC considered the TMD fails to set out distribution conditions for direct-to-consumer distribution or distribution ...

ASIC appeal in CBA, CFS case dismissed

JAMIE WILLIAMSON  |  THURSDAY, 17 AUG 2023
... pursued this matter because conflicted remuneration has the potential to cause consumers to be given financial product advice that may not suit their needs," ASIC deputy chair Sarah Court said. "While the Full Court dismissed the appeal it accepted a ...

Trustees lack urgency, strategy on RIC: Regulators

KARREN VERGARA  |  TUESDAY, 18 JUL 2023
... regulators said that collecting information on members, in and of itself, would not result in the provision of financial product advice. "RSE licensees seeking to avoid providing personal financial advice to their members should therefore focus on the ...

Spaceship told to cease super, funds distribution

JAMIE WILLIAMSON  |  FRIDAY, 2 JUN 2023
... were served on May 31, barring Spaceship Capital and its issuer Diversa from distributing or providing financial product advice to retail clients recommending the products. ASIC is concerned the existing target market determination for Spaceship Super ...

ASIC revokes Centurion subsidiary licence, suspends fund manager

ANDREW MCKEAN  |  WEDNESDAY, 24 MAY 2023
... in the interests in managed investment schemes to retail and wholesale clients, and to provide general financial product advice to wholesale client. The licence was suspended after Huntley Management failed to lodge financial statements and compliance ...

Former director hit with dishonesty charges

ANDREW MCKEAN  |  WEDNESDAY, 22 MAR 2023
... purposes as agreed upon with his clients. Further, ASIC claimed that Sandiford wasn't licenced to provide financial product advice during the time of the alleged misconduct. Engaging in dishonest related to financial products or services while operating ...

Super fund advice needs more guardrails: Conference

KARREN VERGARA  |  MONDAY, 27 FEB 2023
... final proposals released in February, Levy recommended amending the Corporations Act to allow for all financial product advice to be considered personal financial advice. This includes enabling super funds to provide personal advice to members and be ...