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Showing 431 - 440 of 1867 results for "Authority"

Education reforms are promising: SAFAA

KARREN VERGARA  |  FRIDAY, 28 JAN 2022
... education standards" for financial advisers. The SAFAA slammed the now-defunct Financial Adviser Standards and Ethics Authority, describing it as a "bureaucracy that was averse to stakeholder engagement" and narrowed the scope of recognised qualifications. ...

Trading platform cops $110k fine

KARREN VERGARA  |  TUESDAY, 18 JAN 2022
... transacted on the ASX 24 futures market and the FEX futures market. In circumstances where a market participant has written authority from a client to engage in pre-negotiated business, the participant can withhold implementing instructions from the ...

Smart default fund to boost retirement incomes

CHLOE WALKER  |  MONDAY, 10 JAN 2022
... funds were found to have failed the government's performance test. Since then, the Australian Prudential Regulation Authority has released the of all the funds it assessed showing another seven, including some of Australia's biggest MySuper funds only ...

Morningstar to buy Praemium for $65m

CHLOE WALKER  |  WEDNESDAY, 22 DEC 2021
... international employees." Completion of the transaction remains subject to regulatory approval from the Financial Conduct Authority in the United Kingdom and the Jersey Financial Services Commission in Jersey, and other customary conditions. Morningstar ...

Shoddy exam feedback fuels adviser stress

KARREN VERGARA  |  WEDNESDAY, 22 DEC 2021
... staff member was asked: "How did you get this number?" Could the lack of response be attributed to a lean team? The authority only has 10 employees, whose work spans developing and maintaining standards, assessing and accrediting higher education degrees ...

FASEA defers Standard 3 amendment to ASIC

KARREN VERGARA  |  TUESDAY, 21 DEC 2021
The Financial Adviser Standards and Ethics Authority is deferring the amendments to Standard 3 to ASIC because the industry could not agree on a better alternative. FASEA floated the idea of amending Standard 3 in November, which currently states: "You ...

February 2022 adviser exam dates released

KARREN VERGARA  |  MONDAY, 20 DEC 2021
... Educational Research, which also facilitated the exam administration for the Financial Adviser Standards and Ethics Authority, which shuts down on December 31. "We are working with ACER to finalise Sitting 17, Sitting 18, and Sitting 19 of the financial ...

Government backflips on adviser education

ELIZABETH MCARTHUR  |  FRIDAY, 17 DEC 2021
... education requirements for existing financial advisers. This is a backflip on the Financial Adviser Standards and Ethics Authority (FASEA) education requirements which required all advisers - regardless of experience - to obtain an approved degree. After ...

APRA, ASIC provide annual update

CHLOE WALKER  |  THURSDAY, 16 DEC 2021
The Australian Prudential Regulation Authority (APRA) and the Australian Securities and Investments Commission (ASIC) have released their annual engagement update for 2021. Reinforcing Australia's twin peaks model of regulation, the agencies said they ...

More advisers fail FASEA exam

KARREN VERGARA  |  FRIDAY, 10 DEC 2021
... lowest pass rate on record. Fifty-two percent of the 2129 advisers who sat the Financial Adviser Standards and Ethics Authority exam were successful. The pass rate continues to deteriorate from as high as 88% at one point. This has gradually declined ...