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Showing 1151 - 1160 of 3496 results for "compliance"

Clients value advice during pandemic

KARREN VERGARA  |  TUESDAY, 25 AUG 2020
... profitable, the report showed. The pandemic has fueled a number of challenges advisers were facing, including meeting compliance obligations, which is a bugbear for the majority (67%), and providing affordable advice, which almost half of advisers struggle ...

Cashwerkz to launch funds incubator

ALLY SELBY  |  TUESDAY, 25 AUG 2020
... world's financial services leaders. The ASX-listed company said it has been working with multiple suppliers of custody, compliance, finance and technology to package up a "very attractive" proposition to fund manager entrants. These aspiring fund managers ...

Advice remediation tops $1bn

ELIZABETH MCARTHUR  |  MONDAY, 24 AUG 2020
... offered a total of $1.05 billion in compensation to customers as a result of fee for no service, misconduct and non-compliance advice, according to ASIC. ASIC said the $1.05 billion figure had been reached at 30 June 2020. The payments relate to ASIC ...

ASIC takes action against RI Advice

ELIZABETH MCARTHUR  |  FRIDAY, 21 AUG 2020
... declarations that RI Advice contravened provisions of the Corporations Act, orders that RI Advice pay a civil penalty and compliance orders so that the group will have to implement appropriate cyber risk management. ASIC named Anthony Hilsley, a financial ...

Unmet advice needs increases for SMSF trustees

ANNABELLE DICKSON  |  THURSDAY, 20 AUG 2020
... other hand, 46% of financial advisers are struggling to grow their SMSF client base and revenue as they are faced with compliance-related challenges along with client education and regulatory uncertainty. Vanguard Australia's head of intermediary Rebecca ...

ASIC cracks down on 42 SMSF auditors

ALLY SELBY  |  THURSDAY, 20 AUG 2020
... educational and exam requirements. This includes a number of audits reviewed by an independent SMSF auditor to ensure compliance with standards, as well as having to complete courses of study in audit and fund compliance under the Superannuation Industry ...

Iress posts mixed half year results

ANNABELLE DICKSON  |  THURSDAY, 20 AUG 2020
... previous corresponding period and reflected the growth in independent licensees and the demand in response to advice, compliance and data needs. Iress reported 400 advice practices migrated to its advice software offering Xplan in 2020. In addition ...

Calls for consent forms, opt-ins to be scrapped

ELIZABETH MCARTHUR  |  TUESDAY, 18 AUG 2020
... client privacy that will not be accepted. The clients allegedly said they will not accept an increase in duplicated compliance and the $1400 extra cost of the fee consent itself. The clients apparently said they will decide what they pay their adviser. ...

Synchron compliance lead moves to AMP

ELIZABETH MCARTHUR  |  MONDAY, 17 AUG 2020
Synchron's former general manager of legal, risk and compliance has a new role at AMP. Michael Jones started as head of risk and control, advice at AMP today after four years with Synchron. "Michael has joined AMP as part of our ongoing focus on ...

Industry veterans launch dealer group

ALLY SELBY  |  MONDAY, 17 AUG 2020
... these legacy systems, advice businesses have struggled to keep up with changes in regulation, Alexander said, with compliance eroding crucial customer time as well as the revenues of the financial adviser's practice. "We have investigated various technologies ...