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Showing 471 - 480 of 1901 results for "Authority"

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 ...

Labor promises to recognise adviser experience

KARREN VERGARA  |  FRIDAY, 10 DEC 2021
... "And of course, many in our industry have degrees in commerce, finance, economics and business, which the standards authority has not approved."

Longo's ASIC less aggressive: Report

ELIZABETH MCARTHUR  |  FRIDAY, 10 DEC 2021
... Australia's softening regulatory approach is out of line with what is happening overseas. The UK's Financial Conduct Authority (FCA) announced that it intends to test its powers to the limit and use criminal powers, taking on a bolder appetite in dealing ...

Avanteos faces criminal charges over deceased super members

ELIZABETH MCARTHUR  |  WEDNESDAY, 8 DEC 2021
... Avanteos was a subsidiary of the Commonwealth Bank. In early 2016, Avanteos received legal advice that it did not have authority to deduct fees from super members after their death. Despite this, Avanteos continued deducting these fees until May 2018. ...

AvSuper hunts merger partner, launches EOI process

CHLOE WALKER  |  FRIDAY, 3 DEC 2021
... executive for 11 years. AvSuper started life in 1990 for employees of Airservices Australia and the Civil Aviation Safety Authority (CASA) before going public offer in 2005. Despite this, the fund has failed to grow, with its 2014 annual report showing ...

Review of ASIC kicks off

ELIZABETH MCARTHUR  |  TUESDAY, 30 NOV 2021
The review of ASIC's effectiveness is open and accepting submissions. The Financial Regulator Assessment Authority (FRAA) was established in response to recommendations 6.13 and 6.14 of the Royal Commission. It is tasked with reviewing and reporting ...

APRA finalises new bank capital framework

CHLOE WALKER  |  TUESDAY, 30 NOV 2021
The Australian Prudential Regulation Authority (APRA) has finalised its new bank capital framework, designed to strengthen levels of capital and align Australian standards with the internationally agreed Basel III requirements. The new regime, which ...