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

Search Results

Showing 561 - 570 of 1868 results for "Authority"

Government to wind up FASEA

KARREN VERGARA  |  WEDNESDAY, 9 DEC 2020
The Financial Adviser Standards and Ethics Authority will be made redundant as two government bodies take over its remit. Assistant Minister for Superannuation, Financial Services and Financial Technology, Senator Jane Hume announced on December 9 that ...

Advisers should service cashed-up investors: FCA

KARREN VERGARA  |  FRIDAY, 4 DEC 2020
... piles of cash. One of the key takeaways from The Financial Advice Market Review, conducted by the Financial Conduct Authority, is the need for more consumers to invest. But this is contingent on an advice market that offers a broader range of consumer ...

Westpac enters into court enforceable undertaking

ANNABELLE DICKSON  |  THURSDAY, 3 DEC 2020
Following the Australian Prudential Regulation Authority's (APRA) review into Westpac's risk governance, both parties have agreed to a court enforceable undertaking (CEU). The CEU requires Westpac to develop an integrated plan that incorporates ...

New MDA offering launched

ELIZA BAVIN  |  WEDNESDAY, 2 DEC 2020
... to offer the new MDA service to their clients. Through the MDA, clients can opt to give their financial adviser the authority to buy and sell investments on their behalf. Lifestyle said the aim is to reduce hassle for the client and allow the adviser ...

NAB names RBS alumnus as chief operating officer

ANNABELLE DICKSON  |  WEDNESDAY, 2 DEC 2020
... Pacific. He was formerly the deputy chair of the Australian Banking Association, deputy chair of the UK Financial Conduct Authority practitioner panel and a director of Visa Europe. Matheson said he is very pleased to be returning to Australia and join ...

Chief economist update: David Australia versus Goliath China

BENJAMIN ONG  |  WEDNESDAY, 2 DEC 2020
... well entrenched". That's fine and dandy, Andy. Australian fiscal and monetary authorities have the means and the authority to support economic agents -- consumers, businesses and investors - until growth becomes self-sustaining. This task has now ...

ASIC cancels two AFSLs

ELIZA BAVIN  |  MONDAY, 30 NOV 2020
... Selectinvest failed to maintain its external dispute resolution membership with the Australian Financial Complaints Authority (AFCA), and had failed to lodge its annual financial and audit reports since 2017. "ASIC expects AFS licensees to do all things ...

Life insurance performance plummets

ANNABELLE DICKSON  |  FRIDAY, 27 NOV 2020
... continued to take a hit to profit, with risk products reporting significant losses. The Australian Prudential Regulation Authority's (APRA) latest quarterly life insurance performance statistics paint a bleak picture with net profit after tax down 95.6% ...

FASEA reveals October exam results

KARREN VERGARA  |  THURSDAY, 26 NOV 2020
... majority of financial advisers who sat the most recent exam passed, according to the Financial Adviser Standards and Ethics Authority. FASEA has released the most recent exam statistics, which show 76% of advisers passed the October sitting. There were ...

End of the road for advice qualifications

JAMIE WILLIAMSON  |  TUESDAY, 24 NOV 2020
... national regulator's register of vocational education and training. On November 3, the Australian Skills Quality Authority (ASQA) deregistered the FNS50615 Diploma of Financial Planning, FNS60415 Advanced Diploma of Financial Planning and a further ...