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Showing 591 - 600 of 2856 results for "Standards"

FASEA defers Standard 3 amendment to ASIC

KARREN VERGARA  |  TUESDAY, 21 DEC 2021
The Financial Adviser Standards and Ethics Authority is deferring the amendments to Standard 3 to ASIC because the industry could not agree on a better alternative. FASEA floated the idea of amending Standard 3 in November, which currently states: "You ...

Proxy advice reforms force transparency, AFS licensing

KARREN VERGARA  |  MONDAY, 20 DEC 2021
... acting chief executive Blake Briggs, who said the reforms align with existing industry best practice and the FSC's standards. "Superannuation funds manage almost $3.5 trillion on behalf of Australians, so it is critical that proxy voting arrangements ...

February 2022 adviser exam dates released

KARREN VERGARA  |  MONDAY, 20 DEC 2021
... Australian Council for Educational Research, which also facilitated the exam administration for the Financial Adviser Standards and Ethics Authority, which shuts down on December 31. "We are working with ACER to finalise Sitting 17, Sitting 18, and Sitting ...

FSC releases two new standards

KARREN VERGARA  |  FRIDAY, 17 DEC 2021
The Financial Services Council released two new standards, one of which helps members abide by the newly mandated advice fee consent requirements. FSC members will need to comply with FSC Guidance Note No. 43 from 1 January 2022, which was constructed ...

Government backflips on adviser education

ELIZABETH MCARTHUR  |  FRIDAY, 17 DEC 2021
... suggested it would not require older financial advisers to get degrees, the Liberal party has now backflipped on education standards to match Labor's policy. Minister for superannuation, financial services and the digital economy Jane Hume confirmed ...

Knight Frank releases 2022 outlook

CHLOE WALKER  |  THURSDAY, 16 DEC 2021
... taking the first steps to tighten policy, central banks will maintain a very accommodative monetary policy by historical standards, which will keep bond yields anchored at relatively low levels. "Significantly higher interest rates would quickly prove ...

Prime Minister announces reverse mortgage scheme

ELIZABETH MCARTHUR  |  THURSDAY, 16 DEC 2021
... safe alternative for them to be able to access the equity in their own home to improve their incomes and their living standards in their retirement years." He added: "It just gives them another tool to be able to have a better quality of life in their ...

More advisers fail FASEA exam

KARREN VERGARA  |  FRIDAY, 10 DEC 2021
... passed, making this the lowest pass rate on record. Fifty-two percent of the 2129 advisers who sat the Financial Adviser Standards and Ethics Authority exam were successful. The pass rate continues to deteriorate from as high as 88% at one point. This ...

Labor promises to recognise adviser experience

KARREN VERGARA  |  FRIDAY, 10 DEC 2021
... Independently Owned Financial Professional conference, Jones made it clear that he is not proposing to scrap the professional standards reforms. "We will still expect advisers to pass their professional exams, and meet continuing professional development ...

New financial crisis standards proposed

JAMIE WILLIAMSON  |  THURSDAY, 2 DEC 2021
APRA is consulting on two new prudential standards aimed at strengthening how entities, including superannuation trustees, respond to financial crises. CPS 190 Financial Contingency Planning (CPS 190) and CPS 900 Resolution Planning (CPS 900) are the ...