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Showing 1581 - 1590 of 3508 results for "compliance"

AFSL to begin independent review

DARREN SNYDER  |  WEDNESDAY, 16 JAN 2019
... ordered that an Australian Financial Services Licensee appoint an independent expert to review the implementation of its compliance framework. The regulator said it is concerned with the adequacy and effectiveness of Kaz Capital's compliance framework ...

IOOF, ANZ deal not in best interests of members: Morningstar

JAMIE WILLIAMSON  |  WEDNESDAY, 16 JAN 2019
... advisers and funds, and may also be the target of a number of class actions. More proactive regulation by ASIC and higher compliance costs is also expected. As such, the research house has given IOOF a very high uncertainty rating. In regards to stewardship ...

ASIC suspends online broker AFSL

KARREN VERGARA  |  TUESDAY, 15 JAN 2019
... Queensland, New South Wales, Victoria and Western Australia. In 2013 ASIC found deficiencies in Halifax's risk management and compliance following six months of surveillance. The regulator accepted an enforceable undertaking from Halifax at the time ...

NAB to end financial planning compliance issue

HARRISON WORLEY  |  TUESDAY, 15 JAN 2019
In a media release today, the bank said it had reached out to all clients impacted by a compliance issue that originally surfaced in 2017. The issue saw NAB Financial Planning conduct a review of client beneficiary nomination forms after the bank found ...

Collaboration needed for AI and machine advice programs

OSKAH DUNNIN  |  TUESDAY, 15 JAN 2019
... to Kaplan Professional and Red Marker. In December 2018, multiple industry associations announced a code monitoring compliance scheme would be submitted to ASIC by 2020. This decision was made to promote cost-effective and efficient compliance automation ...

ClearView director dismissed of charges

KANIKA SOOD  |  MONDAY, 14 JAN 2019
... ClearView Board on 22 October 2012, and currently serves as a member of the board audit committee and the board risk and compliance committee. In the past he has served as a QIC senior funds manager and head of private equity for Victorian Funds Management. ...

Minimum SMSF balance misleading: SuperConcepts

JAMIE WILLIAMSON  |  MONDAY, 14 JAN 2019
... with recognised specialist qualifications should be permitted to provide SMSF advice. "This measure will enhance the compliance aspects of a fund and reduce inadvertent breaches due to lack of understanding around compliance issues," Fenech said. An ...

Simpler fee disclosure on ASIC agenda

KARREN VERGARA  |  WEDNESDAY, 9 JAN 2019
... investments, and the total fees and costs paid. Industry response Rainmaker Group executive director of research and compliance Alex Dunnin said ASIC's proposal to streamline fee disclosures within PDS templates is welcomed, especially the proposal ...

FASEA releases professional year standard

HARRISON WORLEY  |  FRIDAY, 21 DEC 2018
... year plan would be required to develop competencies in technical competence, client care and practice and regulatory compliance and consumer protection. FASEA chief executive Stephen Glenfield thanked stakeholders for their input, which included 13 formal ...

FASEA finalises adviser CPD standard

HARRISON WORLEY  |  FRIDAY, 21 DEC 2018
... required to complete at least five hours of study in three categories: technical, client care and practice, and regulatory compliance and consumer protection. Professionalism and ethics are set to take up at least nine hours. FASEA said it took into ...