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Showing 481 - 490 of 1884 results for "Authority"

Adviser exam cost jumps under new bill

KARREN VERGARA  |  THURSDAY, 30 SEP 2021
... financial advisers, including tax (financial) advisers. It also winds up the Financial Adviser Standards and Ethics Authority and transfers its functions to the government," she said. The bill passed the House of Representatives on August 4 and is scheduled ...

Link vows to fight class action

KARREN VERGARA  |  WEDNESDAY, 29 SEP 2021
... prepared to defend the company against any proceedings. Leigh Day claims that Link was in breach of Financial Conduct Authority rules in the way it managed and monitored the fund, which ultimately led to the fund's collapse, causing ordinary investors ...

ASIC clarifies adviser exam obligations

KARREN VERGARA  |  THURSDAY, 23 SEP 2021
... Timeframe for passing the financial adviser exam. Financial advisers must pass the Financial Advisers Standards and Ethics Authority exam before 1 January 2022. However, the government provided a nine-month extension to do so by 30 September 2022 for ...

IDII pitfalls advisers should avoid

KARREN VERGARA  |  WEDNESDAY, 22 SEP 2021
... a panel of experts at the Association of Financial Advisers 2021 Evolve Conference, Australian Financial Complaints Authority lead ombudsman for investments and advice Natalie Cameron told advisers about her experiences with IDII complaints, particularly ...

FSC suggests CSLR improvements

KARREN VERGARA  |  MONDAY, 20 SEP 2021
... advice failures. The proposed design of the CSLR does little to reduce the risk of unpaid Australian Financial Complaints Authority determinations and simply shifts the cost, via levies, to financial services companies that have done nothing wrong, the ...

Former adviser banned after super theft

JAMIE WILLIAMSON  |  FRIDAY, 17 SEP 2021
... as part of an investigation that began in 2019 after he refused to cooperate with the Australian Financial Complaints Authority following client complaints. In May he was sentenced to six years' prison with a non-parole period of four years. He was found ...

Kiwi markets regulator names new chief

KARREN VERGARA  |  TUESDAY, 14 SEP 2021
New Zealand's Financial Markets Authority will welcome a new chief executive in 2022. Samantha Barrass will assume the role that current chief executive Rob Everett will vacate at the end of October. Barrass is the former chief executive of the Gibraltar ...

Former Macquarie chief to head ASIC, APRA regulator

ANNABELLE DICKSON  |  FRIDAY, 10 SEP 2021
The former chief executive of Macquarie has been named as chair of the authority which will review the effectiveness and capability of both ASIC and APRA. Treasurer Josh Frydenberg announced that Nicholas Moore will chair the Financial Regulator Assessment ...

FASEA exam pass rate drops

KARREN VERGARA  |  WEDNESDAY, 1 SEP 2021
... less than two-thirds of financial advisers passed the July exam sitting. The Financial Adviser Standards and Ethics Authority announced yesterday that 60% of the 1963 candidates passed the July exam sitting. This is markedly down from the May sitting ...

Unlicensed crypto platforms robbing investors

KARREN VERGARA  |  FRIDAY, 20 AUG 2021
... not protected if the platform fails or is hacked, and cannot make a complaint with the Australian Financial Complaints Authority. ASIC said it understands that some unlicensed overseas platforms are taking or have already taken steps to prevent Australian ...