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Showing 41 - 50 of 511 results for "ethics"

Mixed reviews for advice industry reviewer

KARREN VERGARA  |  MONDAY, 14 MAR 2022
... of these things have been excluded. This means that issues like the financial adviser education standard and the Code of Ethics will need to be addressed by the Government, rather than being referred to the QAR for a recommendation. We look forward to ...

Can Russia use crypto to get around sanctions?

ELIZABETH MCARTHUR  |  FRIDAY, 11 MAR 2022
... concerns Russia might use cryptocurrencies to circumvent sanctions and move money undetected, raising concerns around the ethics of crypto. According to insights from the University of New South Wales, Russia has one of the highest levels of crypto adoption. ...

ASIC sets adviser exam dates

KARREN VERGARA  |  WEDNESDAY, 9 MAR 2022
... pass rate on record. The exam, which were the last to be administered by the now-defunct Financial Adviser Standards and Ethics Authority, saw 52% of the 2129 advisers successfully pass. ASIC took over FASEA's remit on January 1. The pass rate continues ...

ASIC stands against suspicious SMSF auditing

CHLOE WALKER  |  MONDAY, 7 MAR 2022
... performed and declarations to be made to ASIC about their SMSF audit clients; additional education requirements relating to ethics and auditor independence; and a requirement to notify their professional association. ASIC said these actions were appropriate ...

Advisers call out regulation backflip

KARREN VERGARA  |  FRIDAY, 4 MAR 2022
... their professional judgement and be guided by ethical standards, as has been promoted since the introduction of the Code of Ethics? If so, what happens when the regulator disagrees with the advice provided? Do we then have to discount the principles ...

Advisers cautious of election promises

KARREN VERGARA  |  THURSDAY, 3 MAR 2022
... some of these big issues right," he said. Hume confirmed that if the Liberal Party is re-elected, the contentious Code of Ethics is here to stay. Sciarrone said that more clarity around the code is imperative so there is no confusion on "what [advisers] ...

Hume pledges less red tape for advisers

KARREN VERGARA  |  WEDNESDAY, 2 MAR 2022
... and private resources and something that needs to be addressed immediately after the election. In terms of the Code of Ethics, which are now under treasury's remit, Hume said there are "no big plans to make significant changes". "That is quite a ...

AFA opposes clean record requirement

JAMIE WILLIAMSON  |  THURSDAY, 3 FEB 2022
... to have met the standards if they have 10 years' industry experience, a clean record and have completed a tertiary-level ethics subject. In its submission to the consultation, the AFA said it does not support the clean record requirement in practice ...

Education reforms are promising: SAFAA

KARREN VERGARA  |  FRIDAY, 28 JAN 2022
... or lower education standards" for financial advisers. The SAFAA slammed the now-defunct Financial Adviser Standards and Ethics Authority, describing it as a "bureaucracy that was averse to stakeholder engagement" and narrowed the scope of recognised ...

FASEA defers Standard 3 amendment to ASIC

KARREN VERGARA  |  TUESDAY, 21 DEC 2021
The Financial Adviser Standards and Ethics Authority is deferring the amendments to Standard 3 to ASIC because the industry could not agree on a better alternative. FASEA floated the idea of amending Standard 3 in November, which currently states: "You ...