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

Search Results

Showing 601 - 610 of 1237 results for "licensees"

AFSL reference checking protocols required

JAMIE WILLIAMSON  |  MONDAY, 4 FEB 2019
Financial advice licensees are not doing enough to communicate the background of advisers. As such, compliance with the Australian Banking Association's reference checking protocols should be mandatory for all advice licensees, the Royal Commission ...

Hayne recommends new regulatory overseer

HARRISON WORLEY  |  MONDAY, 4 FEB 2019
... for ASIC within superannuation, Hayne said the corporate regulator's responsibility is the relationship between RSE licensees and consumers, and added ASIC should be given power to enforce all provisions in the SIS Act which are or will become civil ...

Synchron renews calls on risk advice separation

KANIKA SOOD  |  FRIDAY, 1 FEB 2019
... our call for the separation of risk advice from financial planning advice," he said. Trapnell has long advocated for licensees to be hold a specialist Australian Financial Services Licence (AFSL) to deal in financial planning advice and/or life insurance. ...

TAL to offer FASEA masterclass

HARRISON WORLEY  |  THURSDAY, 31 JAN 2019
... their exam, while a redesigned course structure aligned with FASEA's CPD system will also be offered. TAL head of licensees and partnerships Beau Riley, said the life insurer was aiming to support its adviser partners through the resources. "The ...

ASIC cracks down on non-compliant AFSL

JAMIE WILLIAMSON  |  MONDAY, 21 JAN 2019
... now required to engage an independent expert to make recommendations on how to improve the practice's processes. "AFS licensees are responsible for the conduct of their representatives, and ASIC expects licensees to have effective monitoring and supervision ...

AFSL to begin independent review

DARREN SNYDER  |  WEDNESDAY, 16 JAN 2019
... is necessary." The expert will then report to both ASIC and Kaz in June 2019. ASIC Commissioner Cathie Armour said: "Licensees must have an adequate and appropriate compliance framework to govern the monitoring and supervision of their representatives. ...

AFSL super options under the lens

KANIKA SOOD  |  THURSDAY, 10 JAN 2019
... sitting on the approved product lists of AFSLs. The Productivity Commission calls for all Australian Financial Services Licensees (AFSL) to "immediately" be required by the government to report to ASIC the number of superannuation products on their APLs ...

FASEA reforms see ASIC register swell

JAMIE WILLIAMSON  |  TUESDAY, 8 JAN 2019
... is also expected to occur in regards to which AFSL advisers are licensed under, with the move away from institutional licensees continuing steadily and likely to hasten as big player exit wealth management. It has been widely reported this week that ...

AFA explains stance on grandfathered commissions

DARREN SNYDER  |  FRIDAY, 21 DEC 2018
... solutions we've put forward is we need to increase the focus on this issue. "If we introduce an obligation that licensees need to report each year what percentage of practice income is made up of grandfathered commissions, then you're putting ...

FASEA finalises adviser CPD standard

HARRISON WORLEY  |  FRIDAY, 21 DEC 2018
... stakeholders when developing the standard, which included 24 submissions. FASEA included many suggestions, including licensees being able to maintain CPD records on behalf of their advisers and recognition that CPD may cover more than one knowledge area ...