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Showing 541 - 550 of 1292 results for "Request"

ASIC boosts AFSL application requirements

HARRISON WORLEY  |  MONDAY, 8 JUL 2019
... 12 months old, and two business references of the same age. Financial advisers will also be impacted, with ASIC set to request non-core proofs of compliance arrangements, programs for monitoring supervision and training of representatives and a risk ...

Reforms see super fees in flux

HARRISON WORLEY  |  MONDAY, 1 JUL 2019
The PYS package, effective today, has forced the sector to consider changes to fee structures and group insurance premiums. With the package set to cap the amount of fees that can be charged to low-balance members and divert low-balance accounts deemed ...

Bristol Street adviser banned

ELIZABETH MCARTHUR  |  FRIDAY, 28 JUN 2019
A financial adviser has been hit with an ASIC ban of five years after taking a one-size-fits-all approach to financial advice. Frazer Jon Muscat from Beenleigh in Queensland was banned after ASIC surveillance revealed that he failed to take into account ...

John Key under fire

ELIZABETH MCARTHUR  |  TUESDAY, 25 JUN 2019
... should have to step down, Peters said: "That's not my role; it's the Governor of the Reserve Bank who could make that request. But if I was the Governor of the Reserve Bank I would have asked for his resignation, yes." Peters explained that in his view ...

OnePath updates trauma definitions

KARREN VERGARA  |  MONDAY, 24 JUN 2019
OnePath has updated more than 600 trauma definitions in a bid to be more customer-centric as part of its commitment to the Life Insurance Code of Practice. The review, which commenced in 2018, assessed more than 25,000 trauma policies to ensure the ...

OpenMarkets launches trading platform

ELIZABETH MCARTHUR  |  MONDAY, 24 JUN 2019
OpenMarkets Australia has launched a new trading platform targeting self-directed investors and financial advisers. OpenMarkets Equix allows investors to trade ASX-listed equities, warrants and exchange-traded products including ETFs. Equix will also ...

New AFCA remit not enough: Law firm

KANIKA SOOD  |  MONDAY, 17 JUN 2019
... had two clients come in with cases such cases, including one particularly large matter. That was the catalyst for our request to the Treasury," said Dan Creevey, who heads the dispute resolution team at Brisbane-based Creevey Russell Lawyers. He said ...

Advice dealer group shutters

HARRISON WORLEY  |  FRIDAY, 31 MAY 2019
More than 30 financial advisers are left without a home as Spectrum Wealth Advisers shuts up shop. Freedom Insurance Group has today revealed Spectrum will close earlier than originally intended as it can no longer meet a "key person" requirement of ...

ATO guides SMSFs on PYSP changes

HARRISON WORLEY  |  THURSDAY, 16 MAY 2019
The Australian Tax Office has provided guidance on how self-managed superannuation funds might be affected by the Protecting Your Super reforms. The ATO confirmed to SMSF investors that the raft of changes - introduced as part of the Protecting Your ...

FCA begins financial advice market review

KARREN VERGARA  |  WEDNESDAY, 8 MAY 2019
The UK's financial services regulator is reviewing the state of the financial advice market to determine how well it is delivering on consumer outcomes. The Financial Conduct Authority is requesting feedback on its two major initiatives that sought ...