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Showing 391 - 400 of 1133 results for "Representatives"

Advice associations slammed

JAMIE WILLIAMSON  |  THURSDAY, 3 OCT 2019
... for comment. The UFAA is chaired by Charles Alexander Financial Services principal Alex Vagliviello, with member representatives including Consilium Advice authorised representative Michael O'Dea, Abacus Finance and Property chief executive Kellie ...

Senate secures members' interest changes

HARRISON WORLEY  |  FRIDAY, 20 SEP 2019
... Financial Technology, Senator Jane Hume, moved a number of amendments to the bill which passed through the House of Representatives on Monday. Hume's amendments see the bill provide a carve-out for superannuation trustees to provide insurance on ...

Big Super Day Out success, but more to be done

HARRISON WORLEY  |  THURSDAY, 19 SEP 2019
... to standardize identification requirements and improve outcomes for Indigenous Australians. "While super fund representatives are working with regulators on an industry approach to some of the bureaucratic issues, there is also a need for greater collaboration ...

Members' interests bill sits on the precipice

HARRISON WORLEY  |  WEDNESDAY, 18 SEP 2019
The Putting Members' Interests First superannuation reforms are almost through parliament. The House of Representatives moved to pass the Putting Members' Interests First bill on Monday, making insurance in super opt-in only for under-25s. The bill ...

The end of grandfathered commissions

ELIZABETH MCARTHUR  |  WEDNESDAY, 11 SEP 2019
The Ending Grandfathered Conflicted Remuneration Bill 2019 was passed in the House of Representatives yesterday but the industry believes the timeline for doing so will leave Australians worse off. Passing yesterday, the legislation will see the banning ...

Suncorp pays $1.4m remediation bill

JAMIE WILLIAMSON  |  TUESDAY, 3 SEP 2019
... had failed to comply with its general obligations as an AFS licensee, including monitoring and supervising its representatives and ensuring they were adequately trained or competent. A number of clients suffered harm as a result of these failures, ASIC ...

No extension to FASEA deadline

JAMIE WILLIAMSON  |  WEDNESDAY, 28 AUG 2019
... advisers. However, recent Rainmaker analysis of the ASIC Financial Adviser Register shows close to 3000 authorised representatives have exited the industry this calendar year to date alone. Asked by Financial Standard whether she believes FASEA should ...

IOOF advice remediation hits $235m

KARREN VERGARA  |  MONDAY, 26 AUG 2019
... (includes other related costs). This is further split into former ANZ aligned dealer groups ($168.8m) and IOOF representatives ($223.2m). About $12.1 million of product remediation has been paid out. The external advice review found incidences of fees ...

Centrepoint revenue model improves bottomline

KARREN VERGARA  |  THURSDAY, 22 AUG 2019
... service offering to financial advisers in March 2019. Latest figures show 86% of the 227 of Centrepoint authorised representatives transitioned to the new pricing model. Revenue, which was earned from authorised representative fees, advice commission ...

Complex retirement system requires simplicity: Report

KARREN VERGARA  |  WEDNESDAY, 21 AUG 2019
... should be addressed as this would help close the gaps in the retirement system. A dedicated coordinating body, with representatives from the departments of Aged Care, Australian Government Actuary, Health, Social Services, Treasury and Veterans' ...