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Showing 371 - 380 of 854 results for "Code"

FSC revamps life insurer code

KANIKA SOOD  |  MONDAY, 12 NOV 2018
The Financial Services Council has released a new draft life insurance code of practice that makes 30 changes to the code in place since 2017. The second iteration of the code aims to lift the standards in product design, sales, underwriting, customer ...

More than half of advisers without association membership

JAMIE WILLIAMSON  |  THURSDAY, 8 NOV 2018
... AFA are the dominant industry bodies, these figures may swell in the coming year as both have flagged interest in becoming code monitoring bodies in line with the new requirement for advisers to comply with a code of ethics by January 2020. Rounding ...

FPA and AFA aim to administer adviser standards

DARREN SNYDER  |  FRIDAY, 2 NOV 2018
... The FPA told its member base it has created a separate entity and lodged an expression of interest to ASIC to establish a code monitoring body. AFA chief executive Phil Kewin also confirmed the association lodged its expression of interest before the ...

Productivity Commission counters group insurance research

KARREN VERGARA  |  MONDAY, 29 OCT 2018
... document rationales on the appropriateness of cover and the balance erosion trade-off; Make super funds adopt the industry code, particularly if MySuper is offered; Establish an ASIC/APRA taskforce to monitor code adoptions, compliance and development ...

Blue Sky LIC gets a new suitor

KANIKA SOOD  |  WEDNESDAY, 24 OCT 2018
... Under Pinnacle's proposal, the LIC will shed the Blue Sky name, listing as Alternative Markets Access Fund under the ticker code AMF. At the time, Blue Sky said its discounted fee arrangements with BAF did not sufficiently compensate for the costs of ...

New Pinnacle affiliate to manage Blue Sky LIC

KANIKA SOOD  |  THURSDAY, 18 OCT 2018
... listed investment company (BAF) will shed the Blue Sky name, listing as Alternative Markets Access Fund under the ticker code AMF. Why the split? The Blue Sky Alternatives Access Fund has been trading at a significant discount to its net tangible assets ...

FPA finds Sam Henderson guilty

KANIKA SOOD  |  THURSDAY, 11 OCT 2018
... Sam Henderson has been found guilty of nine of 10 alleged breaches of the Financial Planning Association of Australia's code of professional practice. The determination was delivered this afternoon by the FPA's independent disciplinary body ...

APRA will rethink how it assesses risk: Byres

KANIKA SOOD  |  THURSDAY, 11 OCT 2018
APRA chair Wayne Byres says the regulator will "clearly need to reflect" on the way it thinks about risk after Royal Commission revelations, but the financial services industry needs to step up to change its culture. "I'm not going to give a full response ...

CFA Institute asks FASEA to recognise charterholders

KANIKA SOOD  |  WEDNESDAY, 10 OCT 2018
The association representing CFAs is asking its charterholders be allowed to qualify as financial advisers, as FASEA overhauls the educational standards in the advice industry. CFA Institute chief executive Paul Smith was in Sydney for a briefing that ...

Banks vow to end grandfathered commissions

KANIKA SOOD  |  WEDNESDAY, 10 OCT 2018
... ABA is seeking new legislative changes to the Future of Financial Advice (FoFA) reforms. It is also overhauling its banking code of practice to stop banks from charging fees to deceased client, as it moves towards ending fees for no service across the ...