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Showing 571 - 580 of 1883 results for "Authority"

FASEA urges advisers to maximise exam sittings

ELIZABETH MCARTHUR  |  MONDAY, 11 JAN 2021
... the government seeks to act on the Royal Commission's recommendation that the advice sector be regulated by a single authority. Advisers will still have to meet the FASEA education standards however, having until 1 January 2026 to reach an education ...

Challenger to buy industry-fund-owned bank

KANIKA SOOD  |  WEDNESDAY, 23 DEC 2020
... settlement date of March 2021. The transaction needs approval from the Federal Treasurer and Australian Prudential Regulation Authority. The ASX-listed company will expand MLMF's term deposit offering by replicating the investment strategy it uses in ...

Charles Schwab fails consumers, cops fine

KARREN VERGARA  |  TUESDAY, 22 DEC 2020
... CSUK has to cough up GBP8.96 million for a number for safeguard and compliance failures, the UK's Financial Conduct Authority has found, noting the two-year breach period to April 2019. The FCA determined CSUK did not adequately protect client assets ...

Hume promoted to cabinet

ANNABELLE DICKSON  |  MONDAY, 21 DEC 2020
... Protecting Your Super Package and extending the time for advisers to complete the Financial Adviser Standards and Ethics Authority exams and winding it down to introduce a single disciplinary body. "I look forward to continuing our work with Senator ...

FS team picks: The top stories for 2020

ELIZABETH MCARTHUR, KANIKA SOOD  |  THURSDAY, 17 DEC 2020
... policies that can leave consumers unprotected. Government to wind up FASEA The Financial Adviser Standards and Ethics Authority (FASEA) will be made redundant as two government bodies take over its remit. Assistant Minister for Superannuation, Financial ...

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 ...