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Showing 341 - 350 of 539 results for "Supervision"

Financial Wisdom and Count also subject to higher standards

LAURA MILLAN  |  THURSDAY, 23 OCT 2014
... Commonwealth Financial Planning and BW Financial Advice. The new standards apply to all advisers and licensee staff in supervision and monitoring roles. The transitioning to the new minimum standards starts today and will be completed by December 31 ...

Govt moves to repeal super payslip disclosure rules

JAMES FERNYHOUGH  |  THURSDAY, 16 OCT 2014
... period. A further complication is that, while the law in question - which is part of the Superannuation Industry (Supervision) (SIS) Act - was passed in 2010, no regulations were written to enforce it. This means the repeal of the law will not make any ...

Advisers must attend ethics classes, say ISA and AIST

JAMES FERNYHOUGH  |  WEDNESDAY, 10 SEP 2014
... advisers giving personal advice, mandatory continual professional development (CPD) for all advisers, and monitoring and supervision for all new financial advisers. The submission argued that the financial planning industry is not ready to regulate itself. ...

IOOF reports record growth

STAFF WRITER  |  FRIDAY, 22 AUG 2014
... flagship platforms. The money IOOF manages on behalf of others (funds under management, advice, administration and supervision, or FUMAS) increased by $1.7b to $121.9b this financial year. On a standalone basis, IOOF's flagship platforms, experienced ...

Advisers to study for 200 hours under TASA

LAURA MILLAN  |  WEDNESDAY, 20 AUG 2014
... required to undertake such courses should be Diploma and all courses should be assessed to at least 40% under independent supervision. The TPB asked the course on taxation law to cover concepts such as income, deductions, residence, the principles of ...

APRA releases additional requirements for large instos

LAURA MILLAN  |  FRIDAY, 15 AUG 2014
The Australian Prudential Regulation Authority (APRA) has released the updated framework for the supervision of large financial institutions, but will defer a decision on its final implementation until the end of the Financial System Inquiry (FSI). ...

Submissions open for SuperStream pass through amendments

JAMES FERNYHOUGH  |  MONDAY, 4 AUG 2014
The Federal Government has released an exposure draft proposing to amend the Superannuation Industry (Supervision) (SIS) Act to require default superannuation funds to process all default contributions. The amendments would mean that employers would ...

Licensee under ASIC scrutiny after employing AAA advisers

LAURA MILLAN  |  WEDNESDAY, 30 JUL 2014
... a number of former representatives of AAA Intelligence limited. PGW Financial Services has implemented a regime of supervision, review and audit by a compliance expert for at least 15 months. The licensee came under ASIC scrutiny when it appointed a ...

ASIC puts an end to PIS monitoring program

LAURA MILLAN  |  TUESDAY, 29 JUL 2014
... to conduct "a coaching and mentoring exercise" with PIS advisers. Over the past year, the group has been under the supervision of an independent expert that reported to ASIC every three months. PIS' professional standards team has worked with the practices ...

Brogden rejects cross-selling enticement fears

JAMES FERNYHOUGH  |  TUESDAY, 29 JUL 2014
... Brogden said offering incentives in this context was expressly forbidden by the SIS Act. "The Superannuation Industry Supervision Act has broad-based provisions which prohibit superannuation funds and related entities from offering enticements to employers ...