Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 511 - 520 of 1237 results for "licensees"

IOOF, ANZ transaction gets green light

ELIZA BAVIN  |  TUESDAY, 10 DEC 2019
... "APRA has concluded it has no reason to believe that, because of IOOF's controlling stake in OnePath or Oasis, the RSE licensees may be unable to satisfy one or more of the trustee's obligations contained in a covenant set out in the [Superannuation ...

CFS culls grandfathered commissions, slashes fees

KANIKA SOOD  |  FRIDAY, 6 DEC 2019
... and other product issuers winding down the commissions earlier than the 2021 deadline. "Our terms of trade with the licensees state that we have the right to change the fees at any point," Power said in response to AIOFP's comments.

Why joint effort is required in advice

ELIZABETH MCARTHUR  |  THURSDAY, 5 DEC 2019
... stance providing a further boost. "The statement from AFCA provides further consistency which gives greater comfort to licensees and advisers," Kewin said. "It is a welcome sign that there is a cohesive and common sense approach being taken by many stakeholders ...

Concerns over rise of the mega-fund

ELIZA BAVIN  |  WEDNESDAY, 4 DEC 2019
... running the money," he said. APRA statistics show that in the 12 months to September 2019 the number of APRA-regulated RSE licensees fell from 126 to 114. "Some of the funds have actually done very well over time. So, if you have the right people it ...

Former NAB, Infocus advisers banned

ALLY SELBY  |  MONDAY, 2 DEC 2019
... The regulator also found that the South Australian adviser "backdated advice documents to give the impression to her licensees that she had complied with her obligations under the law." Meantime, former Infocus adviser Williams has been banned from the ...

New tool launches to help FASEA code compliance

ELIZABETH MCARTHUR  |  MONDAY, 2 DEC 2019
... some businesses are seeing opportunity. One such organisation is MyNextAdvice, which has launched a solution to help licensees monitor adviser compliance. "ASIC has mandated that AFS Licensees are responsible for monitoring adviser compliance with the ...

FASEA compliance has silver lining

KANIKA SOOD  |  FRIDAY, 29 NOV 2019
... empowers not just independent advisers but those at a licensee. "They now have a powerful voice, to take it to their licensees and say, 'That doesn't meet the standards of the FASEA code of ethics. That's not going to get us an outcome of ...

AFCA reveals approach to Code of Ethics compliance

JAMIE WILLIAMSON  |  FRIDAY, 29 NOV 2019
... operates and; FASEA's guidance on the operation of the code. It will also account for ASIC's expectations about steps licensees should take to ensure their advisers comply, specifically the guidance that they take a facilitated compliance approach with ...

Regulators quash remuneration rumours

ELIZABETH MCARTHUR  |  THURSDAY, 28 NOV 2019
... definitive deadline. "This is your transition period, so get prepared," Press said. She also said ASIC does not expect licensees to rejig their remuneration structures by 1 January 2020 to align with the Code of Ethics while uncertainty still surrounds ...

Tech-powered is empowered: SOAs

JAMIE WILLIAMSON  |  THURSDAY, 28 NOV 2019
... requirements," De Gori added. The SOA working group consists of FPA members, regulators, compliance experts, lawyers, licensees, content and digital media specialists, and advice technology specialists.