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Showing 1471 - 1480 of 6264 results for "DET"

FPA calls for stronger experience pathway

KARREN VERGARA  |  FRIDAY, 4 FEB 2022
The Financial Planning Association of Australia said it does not agree with the proposed changes to the experience pathway, claiming it would undermine the road to professionalism. Newly appointed chief executive Sarah Abood criticised the federal government's ...

AFA opposes clean record requirement

JAMIE WILLIAMSON  |  THURSDAY, 3 FEB 2022
The Association of Financial Advisers (AFA) has said it does not support the 'clean record' requirement proposed within the government's new policy paper on education standards, citing the untested single disciplinary body. Under the proposed changes ...

Quay unveils currency hedged fund

KARREN VERGARA  |  WEDNESDAY, 2 FEB 2022
Quay Global Investors has launched a hedged version of its Global Real Estate Fund. The real estate fund manager unveiled the Quay Global Real Estate Fund (AUD Hedged). In light of this, the existing fund, the Quay Global Real Estate Fund, has been ...

Financial services vulnerable to insider cybersecurity threats

ELIZABETH MCARTHUR  |  TUESDAY, 25 JAN 2022
A new study on the prevalence of insider cybersecurity threats, commissioned by Proofpoint to the Ponemon Institute, has revealed just how much insider attacks are costing financial services firms. The international study found that insider threats ...

Federal Reserve mulls central bank digital currency

JAMIE WILLIAMSON  |  FRIDAY, 21 JAN 2022
The US Federal Reserve Board is examining the pros and cons of a central bank digital currency (CBDC) as it considers whether the creation of one would improve the domestic payments system. Considering the current state of the US domestic payments system ...

ASIC unveils details of FSCP operations

CHLOE WALKER  |  THURSDAY, 23 DEC 2021
ASIC has released further information about the operations of the Financial Services and Credit Panel (FSCP) and what financial advisers can expect next year. Set to commence on 1 January 2022, the FSCP under the Better Advice Bill will have the power ...

Shoddy exam feedback fuels adviser stress

KARREN VERGARA  |  WEDNESDAY, 22 DEC 2021
Financial advisers who failed the mandatory examination multiple times are slamming FASEA's feedback process, claiming it is inconsistent and fails to help them stay in the industry. As the failure rate continues to balloon, advisers making genuine ...

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 ...

Proxy advice reforms force transparency, AFS licensing

KARREN VERGARA  |  MONDAY, 20 DEC 2021
Treasurer Josh Frydenberg announced reforms to proxy advice which includes forcing superannuation funds to disclose detailed voting records. Super funds exercising voting rights on behalf of their members will need to be more transparent with their ...

Choice products not so choice: APRA

CHLOE WALKER, KARREN VERGARA  |  FRIDAY, 17 DEC 2021
Several superannuation funds that flunked the inaugural Your Future, Your Super test, are also failing Choice members, the latest APRA heatmaps reveal. The prudential regulator slapped retail and industry superannuation funds alike with the lowest grade ...