Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 321 - 330 of 1235 results for "licensees"

Government advances adviser levy drop

KARREN VERGARA  |  THURSDAY, 11 NOV 2021
... which lays out how much it recovers from the superannuation, life insurance and financial services sectors it regulates. Licensees that provide personal advice to retail clients will pay a fixed $1500 plus $1142 per adviser, a whopping 36% drop on the ...

Centrepoint partners with Iress

KARREN VERGARA  |  WEDNESDAY, 10 NOV 2021
... reduced time spent on paper-based administration and data entry for advisers, as well as increased connectivity between licensees, advisers, clients, and platforms. The new law, which took effect on July 1, forces advisers to obtain consent forms for ...

MLC Life expands retail distribution leadership

JAMIE WILLIAMSON  |  TUESDAY, 9 NOV 2021
... qualified and experienced insurance industry professionals with a passion for improving our partnerships with advisers and licensees," he said. "Their expertise will be important in supporting our strategic direction and to deliver on the promises we ...

ASIC outlines ROA guidance

ANNABELLE DICKSON  |  FRIDAY, 5 NOV 2021
The corporate regulator released examples of Records of Advice (ROA) to provide clarity to financial advisers and licensees on their obligations when using them for clients. The information sheet, INFO 266 FAQs: Records of Advice, provides answers to ...

Adviser exits continue, industry recruits 50

KARREN VERGARA  |  TUESDAY, 2 NOV 2021
... Consultum Financial Advisers (375). Morgans (179), Commonwealth FP (179) and Aware Financial Services (162) are the largest licensees when it comes to providing risk advice. As for the largest superannuation advice businesses, Morgans leads with 367 ...

Unlisted asset valuation processes largely inadequate: APRA

JAMIE WILLIAMSON  |  WEDNESDAY, 27 OCT 2021
... also found instances of chief investment officers spearheading valuation decisions. APRA said it found that, "while RSE licensees generally reacted promptly to the crisis, few had robust, pre-existing frameworks for implementing, monitoring and reverting ...

No proof of member benefit: APRA on super fund spends

JAMIE WILLIAMSON  |  TUESDAY, 26 OCT 2021
... marketing expenditure impact without demonstrating specific improved outcomes for members. Going into detail, APRA said some licensees were unable to articulate the purpose of the marketing expenditure as part of annual strategic and business planning. ...

Sally Loane resigns as FSC chief

JAMIE WILLIAMSON  |  FRIDAY, 22 OCT 2021
... to lead the FSC, representing its 111 members across superannuation funds, funds management, life insurance, advice licensees and trustee companies. "Some of the more significant challenges have included initiating life insurance's Trowbridge Review ...

APRA readies new super fund remuneration regime

KARREN VERGARA  |  TUESDAY, 19 OCT 2021
... just over a year to go until the new prudential standard takes effect, we expect banks, insurers and superannuation licensees to be preparing now to ensure they are ready to comply with the new requirements," he said. Next year, the prudential regulator ...

CFS adopts advice consent solution

KARREN VERGARA  |  THURSDAY, 14 OCT 2021
... platforms, FirstChoice and FirstWrap. CFS will shortly begin the initial six-week rollout. The solution supports advisers and licensees via a new workflow within Xplan, which is then validated and authenticated through the blockchain, and passed through ...