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Showing 1171 - 1180 of 2786 results for "TES"

Inaugural FASEA exam results in

KARREN VERGARA  |  THURSDAY, 8 AUG 2019
The majority of candidates who sat the Financial Adviser Standards and Ethics Authority's inaugural exam have passed with flying colours. FASEA chief executive Stephen Glenfield said the authority is pleased with the implementation of the first ...

Former adviser cops 20-year prison sentence

JAMIE WILLIAMSON  |  FRIDAY, 2 AUG 2019
A former financial adviser in the US will spend the next 20 years behind bars after defrauding retiree investors of $30 million, some of which was used to fund religious ceremonies to ward off federal investigators. Dawn Bennett of Maryland was this ...

AFA, FPA slam haste in ending grandfathered commissions

KRISTI CHENG  |  FRIDAY, 2 AUG 2019
The Financial Planning Association of Australia (FPA) and the Association of Financial Advisers (AFA) have both criticised the time frame given to phase out grandfathered commissions. Treasurer Josh Frydenberg announced earlier this week legislation ...

Iress announces changes to Xplan

ELIZABETH MCARTHUR  |  WEDNESDAY, 31 JUL 2019
Iress has made several improvements to its popular Xplan offering which should improve functionality for thousands of advisers. The changes to the advice software platform will be released on Friday. Iress says these changes followed a year of user ...

Deeming rate calculations should be independent: Poll

KARREN VERGARA  |  THURSDAY, 25 JUL 2019
The majority of Financial Standard 's readership agrees the calculation of deeming rates should be appointed to an external, independent body. After the Federal Government lowered deeming rates from July 1, we wanted to find out if the Minister ...

FASEA exam was fair: Poll

KARREN VERGARA  |  TUESDAY, 16 JUL 2019
Less than a third of the financial advisers surveyed in Financial Standard 's spot poll found the inaugural FASEA exam questions difficult, while the majority said it was reasonable. Less than half (44%) of the survey participants said the questions ...

APRA sticks to rigid member outcomes deadline

KARREN VERGARA  |  FRIDAY, 12 JUL 2019
The prudential regulator has set high expectations for trustees to meet the inaugural annual outcomes assessment, which is less than six months away. While consultation for prudential standard Strategic Planning and Member Outcomes (SPS 515) is underway ...

Grattan SG claims slammed by industry bodies

HARRISON WORLEY  |  THURSDAY, 11 JUL 2019
Peak superannuation bodies have forcefully rebuked the Grattan Institute's recent claim that middle-income workers would be worse off if the Superannuation Guarantee rose to 12%. Industry Super Australia and the Association of Superannuation Funds of ...

Downsizer contributions skyrocket

KARREN VERGARA  |  TUESDAY, 9 JUL 2019
The superannuation industry has reaped an additional $1 billion since the downsizer contribution was introduced one year ago. More than 4200 individuals have used the downsizer measure, according to Federal Treasury figures. Older Australians living ...

Open banking reforms a boon for fintech

ELIZABETH MCARTHUR  |  THURSDAY, 4 JUL 2019
With the new open banking regime now in effect, fintechs are set to reap the rewards of data sharing. As of July 1, the big banks are now required to share generic product data as part of the government's phased timeline for the introduction of open ...