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Showing 11 - 20 of 42 results for "FASEA Code"

Confusion over RG 146 requirements

ELIZABETH MCARTHUR  |  WEDNESDAY, 10 JUN 2020
... have to continue with the RG 146 policy and compliance until completing the FASEA exam and approved education. "The FASEA Code of Ethics will work alongside RG 146 until such time as the exam and education qualification conditions are met," Fox said. ...

Adviser fears over ASIC relief

HARRISON WORLEY  |  THURSDAY, 30 APR 2020
... TWD director Cara Graham agrees, saying even with the temporary measures advisers are still required to abide by the FASEA Code of Ethics. "It's not as if that's [the Code] gone out of the window," Graham says. "All the steps in the onboarding process ...

FASEA too soft on ethical investing: Advisers

ELIZABETH MCARTHUR  |  THURSDAY, 30 APR 2020
... Appearing on the webinar, Federation Financial Services adviser Dave Rae pointed to an example provided along with the FASEA Code of Ethics' Standard 6. In the Code of Ethics Guidance, released by FASEA in October 2019, this example was given: "Where ...

Compliance worse than COVID-19

ALLY SELBY  |  THURSDAY, 23 APR 2020
... Anderson argued there was a consensus that more was to come. In the last few years, advisers had faced FoFA reforms, the FASEA Code of Ethics, Royal Commission recommendations, ASIC Project 515 and "lookback" projects as a result of the fee for no service ...

Could relief on advice compliance save consumers?

ELIZABETH MCARTHUR  |  THURSDAY, 2 APR 2020
... hump of immediate needs being met." He also wants to see ASIC take more of a facilitative approach (as it did with the FASEA Code of Ethics) with legislation passed or in the pipeline including the FASEA exam. "Any and all of these initiatives would ...

Life commissions, referral fees still kosher: AFA

ELIZABETH MCARTHUR  |  THURSDAY, 27 FEB 2020
... policy and professionalism Phil Anderson dove into commissions and fees in a detailed presentation in light of the FASEA Code of Ethics, Life Insurance Framework and other regulatory changes. Anderson pointed out CountPlus chief executive Matthew Rowe's ...

Advice complaints low: AFCA

ELIZABETH MCARTHUR  |  WEDNESDAY, 19 FEB 2020
... be disseminating to financial firms, with the aim of clarifying how it handles claims fairly. Singh focused on the FASEA Code of Ethics, saying this has added obligations for financial advisers in AFCA's view. "We are required to have regard for industry ...

Product provider makes big FASEA promise

ELIZABETH MCARTHUR  |  WEDNESDAY, 12 FEB 2020
... asset classes, including superannuation funds and investment options." In a release, Lonsec said Standard 3 of the FASEA code, which states that an adviser is in breach if "the form of variable income could induce an adviser to act in a manner inconsistent ...

Sophistication: More than money

ELIZABETH MCARTHUR  |  TUESDAY, 7 JAN 2020
Under the FASEA Code of Ethics the amount of money an individual has to invest can no longer be relied upon to determine whether they are a sophisticated investor or not. Sophisticated investors are defined by ASIC's Money Smart as investors with a ...

FASEA loses board director

ELIZA BAVIN  |  MONDAY, 6 JAN 2020
... Management Committee," FASEA said. "The board wishes her success in her future role." Her resignation comes as the FASEA Code of Ethics kicks into action, with all financial advisers expected to be compliant as of January 1.