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Showing 1161 - 1170 of 1226 results for "Licensees"

ASIC review to streamline IDPS rules

ALEX DUNNIN  |  THURSDAY, 21 JUN 2007
... complexity, barriers to entry and regulatory burden by removing regulation of IDPS operators beyond that applying to licensees performing dealing or custodial or depository services that do not involve an IDPS, where appropriate," said ASIC. Part of ...

Push button payment system at fundie fingertips

... product providers such as fund managers, platforms, insurance companies and lenders to manage payments made to dealer licensees, financial planners and brokers. RMS calculates adviser payments, including adviser fees, commissions and bonuses. It then ...

Investors will be compensated for dud advice: Pearce

ALEX DUNNIN  |  MONDAY, 21 MAY 2007
Financial services licensees must have measures in place so they can compensate retail clients if the advice or services they provide are found to be "inappropriate". The measures are part of a new regulation just announced by the Government and may ...

Advisers want transparency from licensees

ALEX DUNNIN  |  MONDAY, 7 MAY 2007
... re-evaluation, especially among younger planners, he said. "We need to see transparent transactions between fund managers, licensees and advisers. Arrangements such as preferred partner programs set us back seven years and seriously undermine the still ...

Fin Wisdom appoints ex-MLC exec

... based Haintz Financial Services in Melbourne. Prior to Haintz, he was the Victorian state manager for the MLC aligned licensees and state manager and practice development manager at MLC Alliances. "Tim will be responsible for both the ongoing operations ...

Industry catches on to IFSA/FPA code

NICK OLIVER  |  WEDNESDAY, 24 JAN 2007
... compliance levels for the IFSA/FPA Joint Code of Practice on Alternative Forms of Remuneration, devised two years ago. Licensees and planners appear to have adapted well to the disclosure regime. Jo-Anne Bloch, chief executive officer of the FPA, said ...

Planner PI insurance reforms unclear: AFA

Government proposals requiring financial services licensees, such as planning groups, to take out professional indemnity (PI) insurance to cover potential compensation claims about the quality of their advice have met mixed reactions from industry experts. ...

Patersons' poor compliance under review

... fixed over the period. "There are considerable risks when operating managed discretionary accounts. Financial services licensees must have comprehensive arrangements in place to manage these risks," said Jan Redfern, ASIC's executive director of enforcement. ...

Report your breach online: APRA

Superannuation licensees can no longer use the excuse that "it's in the mail" or that the "line was engaged" when reporting a license breach after the Australian Prudential Regulation Authority (APRA) launched an online 'Superannuation Breach Notification' ...

Family banned by ASIC and AFSL revoked

HAMISH MADDEN  |  MONDAY, 13 NOV 2006
... or information on statements of advice meant clients were not able to make informed choices. "Financial advisers and licensees must ensure that clients are provided with all relevant information, including that relating to remuneration, to enable clients ...