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Showing 1821 - 1830 of 2868 results for "Standards"

Robo advice questions still unanswered

DARREN SNYDER  |  TUESDAY, 5 MAY 2015
... think that the advice profession is very well established here in Australia. "IOSCO - of which the Financial Planning Standards Board [and ASIC] is an affiliate member - recently analysed the impact of automatic financial advice and the regulatory challenges," ...

FPA proposes risk commission cap

DARREN SNYDER  |  TUESDAY, 5 MAY 2015
... payments." Rantall said the association wants sustainable change in the life risk sector through higher professional standards and by improving the public perception of the life risk advice service offering. "The form of regulation proposed in the FSI ...

Frydenberg to decide on advice standards in June

LAURA MILLAN  |  THURSDAY, 30 APR 2015
... Assistant Treasurer Josh Frydenberg is expected to release a final document outlining the measures to improve professional standards for financial advisers at the end of June. The Association of Financial Advisers (AFA) chief operating officer Phil Anderson ...

Adviser reputation hits all-time low

LAURA MILLAN  |  WEDNESDAY, 29 APR 2015
... latest Roy Morgan Image of Professions Survey 2015. When asked to rate financial advisers for their honesty and ethical standards, respondents gave advisers a 24% rating, down 4% from last year and they were number 17 in the list of Australia's thirty ...

APRA releases super reporting standards

DARREN SNYDER  |  WEDNESDAY, 29 APR 2015
The Australian Prudential Regulation Authority (APRA) has released 31 reporting standards for the superannuation industry, five of which are still open for further consultation. The final reporting standards will commence on 30 June or 1 July and changes ...

Industry meets behind closed doors to fix advice

LAURA MILLAN  |  WEDNESDAY, 29 APR 2015
... 20 industry and consumer bodies met on April 29th to reach a consensus on lifting professional, ethical and education standards for financial advisers. The roundtable is the first of three and will focus on the Parliamentary Joint Committee report, following ...

AFA calls for adviser leadership

ALEX BURKE  |  FRIDAY, 24 APR 2015
... self-directed industry reform, Fox said: "I would not be surprised at all if we see announcements from licensees mandating new standards ahead of an industry wide solution being agreed." He added, "I think it is totally conceivable that some licensees ...

NAB to take "leading role" in advice remediation

ALEX BURKE  |  WEDNESDAY, 22 APR 2015
... to encourage transparency. Thorburn agreed that NAB's financial advice arm was "accountable" for not meeting its "own standards" in the past, but argued that even though "sometimes when issues get raised we don't deal with them fast enough, overall we ...

Industry needs to act after Trowbridge report failure

ALEX BURKE  |  TUESDAY, 21 APR 2015
... to identify agents who engage in this practice - which, he argued, "blights the entire sector". To lift professional standards of life risk advice, Rowe supported adopting the recommendations made in the parliamentary joint committee on corporations ...

Big end of town to face Senate over bad advice

LAURA MILLAN  |  FRIDAY, 17 APR 2015
... and that are being compensated with $30 million. "I want to know what they are doing to raise the financial planning standards and how the compensation process is going," Williams said. The Senator was the first to raise concerns in Parliament about ...