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Showing 1001 - 1010 of 2889 results for "Standards"

FASEA ethics pose risk to managed accounts

ELIZABETH MCARTHUR  |  MONDAY, 23 SEP 2019
The Institute of Managed Accounts Professionals (IMAP) has made a submission to the Financial Adviser Standards and Ethics Authority, questioning its consideration of conflicts of interest in the Code of Ethics. IMAP said Standard 3 in the FASEA Code ...

Super trustees must do better: Byres

HARRISON WORLEY  |  FRIDAY, 20 SEP 2019
... regulator to hold trustees to account for not delivering for super fund members had been strengthened by stronger prudential standards and enforcement powers. Byres specifically noted the impact of the Treasury Laws Amendment (Improving Accountability ...

Support staff should meet FASEA standards

ELIZABETH MCARTHUR  |  FRIDAY, 20 SEP 2019
... literacy and advocacy Bryan Ashenden told the Financial Standard and Challenger Technical Services Forum that FASEA standards should raise questions for support staff as well as advisers. Appearing at the event yesterday, Ashenden said paraplanners and ...

Dealer group to fight grandfathered commissions ban

ELIZABETH MCARTHUR  |  FRIDAY, 13 SEP 2019
... it clear that grandfathered commissions do not involve misconduct or fees for no service or breaches of professional standards or community expectations inherently. "Grandfathered commissions are legitimate income supported by the advice to the Labor ...

One regulatory regime enough: FSC

HARRISON WORLEY  |  FRIDAY, 13 SEP 2019
... said. "Ongoing changes to the regulatory environment for financial advisers, including new professional and education standards are transforming financial advisers into a profession in line with other professions such as accounting and law. "These changes ...

Consultation opens on new ASIC powers

ELIZABETH MCARTHUR  |  WEDNESDAY, 11 SEP 2019
... material and enhance search warrant powers, the legislation will also strengthen ASIC's licensing powers by increasing the standards required of AFSL holders. It also extends ASIC's powers to ban people from performing functions in a financial services ...

Super funds recognised in UNPRI awards

KRISTI CHENG  |  WEDNESDAY, 11 SEP 2019
... investment, in which it said it was committed to showcasing leadership and increasing accountability, with a view to raising standards of responsible investment across all signatories. Its mission, it said, is to achieve an economically efficient, sustainable ...

AFCA ombudsman addresses adviser concerns

KRISTI CHENG  |  TUESDAY, 10 SEP 2019
... of Australia event, Singh said AFCA will apply the standard of the relevant time in complaints where laws, codes, or standards have changed, but AFCA rules as of 30 June 2019 will be applied. AFCA furthered clarified to Financial Standard: "AFCA powers ...

Priced out: Advice affordability at risk

ELIZABETH MCARTHUR  |  MONDAY, 9 SEP 2019
... submission by ASIC to the Royal Commission last year stated: "Many of the recent and ongoing reforms designed to lift conduct standards for advisers are likely to also increase the direct cost to consumers." "There is reason to question whether viable ...

APRA updates enforcement approach

KRISTI CHENG  |  WEDNESDAY, 4 SEP 2019
... data we receive is timely and accurate," he said. "As last month's fine imposed on Westpac underlined, our reporting standards are legally binding, and we will act when necessary to ensure institutions meet their obligations. "Consequently, we have also ...