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Showing 361 - 370 of 557 results for "Supervision"

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 ...

Macquarie tight-lipped on EU details

LAURA MILLAN  |  FRIDAY, 25 JUL 2014
... compliance, in particular processes, controls and systems previously in place, such as record keeping, monitoring and supervision." It confirmed that its wealth management division has about 87,000 clients, "of whom a significant number are high net ...

Regulators relaxed about social media: IOSCO

STAFF WRITER  |  FRIDAY, 25 JUL 2014
... and general supervisory control requirements." However, regulators are "increasingly using social media sites in the supervision of firms to identify personal relationships between parties and as a source of general information". But use of new technology ...