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| | | ... and affordability of quality financial advice. I have made recommendations for changes to the regulatory framework that apply to the provision of financial advice which I believe will achieve that purpose. If the recommendations are accepted, they will ... |
| | | | ... the organisation will play in supporting financial advisers and planners," he said. AFA members have until 30 June 2023 to apply for membership with the FAA and resign as members of the AFA, while their new membership will become effective on 1 July ... |
| | | | ... includes all participants in the financial services industry, to ensure sustainability and equity." It proposed the CSLR apply to personal advice, relevant financial products, retail clients, credit intermediation, securities dealing, credit provision ... |
| | | | Brighter Super has named Allanna Kelsall as the fund's chief people officer. The $30 billion industry fund for workers in the energy and local government was created by the merger of LGIAsuper and Energy Super, and the acquisition of Suncorp's ... |
| | | | JPMorgan has shuttered the financial planning fintech it acquired in 2021 and is suing its founder, claiming most of its users were fake accounts created to inflate the business' value. In September 2021, JPMorgan Chase acquired Frank, a platform that ... |
| | | | ... capabilities and insight to provide timely and efficacious ratings for investors," it said. It's expected the system will apply across over 2000 strategies in Australia and New Zealand. It will also be rolled out globally, applying to 400,000 strateg ... |
| | | | ... The new requirements are the completion of specific courses in commercial law and taxation law, however some exceptions apply, ASIC said. There may also be additional continuous professional development requirements, it added. According to ASIC, financial ... |
| | | | ASIC thinks regulatory intervention has improved lenders target market determinations (TMD), but it still harbours concerns over product descriptions. ASIC Report 754 focuses on small amount credit contracts (SACCs) due to the overrepresentation of ... |
| | | | ... ensure all candidates in all cycles are held to the same standard. It added those who have passed demonstrated the skills to apply their knowledge of advice construction, ethics and legal requirements to the practical scenarios tested in the exam. Further ... |
| | | | ... the legal obligations placed on individual financial planning practitioners should be separated from the requirements that apply to AFS licensees and product providers. "The ongoing dialogue between the ALRC, the FPA and the financial services sector ... |
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