Licensee Breaches: When in doubt, report

From

The Australian Securities and Investments Commission (ASIC) is reminding Australian Financial Services (AFS) licensees that significant or likely breaches of their obligations must be notified within 10 days. Managing Director

continue reading

Standing out from the crowd

From

Depending on your data source, there are around 15,000 financial advisers in Australia and around 3,400 holders of an Australian Financial Services Licence (AFSL) which can provide personal advice. Around

continue reading

Compliance obligations for bitcoin businesses

From

Bitcoin businesses should actively seek advice on whether their businesses are compliant, as there may be difficulty in applying existing Australian Financial Services (AFS) licensing laws, according to Claire Wivell

continue reading

New ASIC guidance for platforms a boost for investors

From

ASIC has moved to require investment platform operators to explain how they choose the different products on offer to investors through their platforms. The strengthened disclosure requirements are part of

continue reading

Advisers choosing great compliance security and SOA speed

From

Australian financial advisers are increasingly measuring practice success by the robustness of their compliance checks and balances, not just the speed by which they are able to generate a client’s

continue reading

A Short Morality Play – The Triway Super Case

From

A recent decision of the AAT has highlighted certain basic rules when operating an SMSF. The facts of the case are very straightforward. A couple, at the urging of their

continue reading

LGsuper appoints Decimal to move limited advice online

From

QLD super fund among growing list of Decimal industry partners Leading Queensland local government fund LGsuper has selected Decimal to help drive a technology-based solution in support of fund members requiring single-issue

continue reading

ASIC imposes conditions on iPlan licence

From

ASIC has imposed additional conditions on the Australian financial services (AFS) licence of Queensland-based, iPlan Financial Services Pty Ltd (iPlan), after a surveillance of its advice business. ASIC’s action follows

continue reading

Shane Moore: 10 Ways to Improve Your Financial Advice Business Today

From

1. Get a Website This one is the most obvious of all. If you don’t have a website, you are wasting possibly the biggest opportunity available to bring in new

continue reading

Licensee Select and Financial Index sign agreement

From

Licensee Select has signed an agreement to provide licensee solutions to Financial Index Australia Pty Ltd (FIA) – an Australia-wide financial planning firm with 10 offices and more than 35

continue reading