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Showing 611 - 620 of 1237 results for "licensees"

ASIC cans advice business AFSL

JAMIE WILLIAMSON  |  TUESDAY, 18 DEC 2018
... came into effect on 4 December 2018 and is part of ASIC's ongoing work to improve standards across the industry. "AFS licensees are responsible for making sure that their authorised representatives are aware of their obligations. This means that licensees ...

FASEA to assess professional advice designations

JAMIE WILLIAMSON  |  THURSDAY, 13 DEC 2018
... soon as practicable, FASEA said. Separately, the SMSF Association is calling on FASEA to legislate a requirement for licensees to automatically approve CPD which is accredited or delivered by a professional association. The association is arguing that ...

APRA unveils new prudential measures

KARREN VERGARA  |  WEDNESDAY, 12 DEC 2018
... superannuation member outcomes that will take effect from 1 January 2020. Among the initiatives, the regulator will require RSE licensees of MySuper and choice products to assess, annually benchmark and evaluate their performance in delivering sound ...

AFCA receives 500 super complaints in first month

HARRISON WORLEY  |  THURSDAY, 6 DEC 2018
... with their financial firm." So far, the authority has resolved 15% of November complaints, with less than 6% of its licensees copping complaints in November. Of those who were complained about, banks led the way with 2367 complaints, closely followed ...

ASIC funding numbers released

HARRISON WORLEY  |  THURSDAY, 6 DEC 2018
... the financial advice sector as a result of its new cost-recovery funding. In addition to the minimum levy of $1500, licensees providing personal advice to retail clients on relevant financial products contributed $934 per adviser in the first year of ...

HUB24 secures bespoke platform mandate

JAMIE WILLIAMSON  |  FRIDAY, 30 NOV 2018
... Alcock said the platform provider is delighted to be partnering with Patersons, supporting its ongoing growth strategy. "Licensees and advisers are selecting HUB24 due to our continued commitment to innovation and connecting their clients to opportunities ...

Miscalculations delay remediation, more issues emerge: AMP

JAMIE WILLIAMSON  |  WEDNESDAY, 28 NOV 2018
... notification was made by AMP to ASIC ON 31 May 2018 in relation to the conduct of a managing director of one of its advice licensees. Wilkins explained that an adviser was being off boarded as a result of compliance issues and attempting to sell their ...

AMP partners with Morningstar

JAMIE WILLIAMSON  |  TUESDAY, 20 NOV 2018
AMP appointed Morningstar as its external research provider to advice licensees. Working with AMP's existing in-house advice research team, Morningstar will provide a range of services to enhance investment research and governance across approved product ...

Code of ethics still the main game: FPA

DARREN SNYDER  |  MONDAY, 19 NOV 2018
... organisations, applied to ASIC to become a code monitoring body. Marshan said until now financial planning and advice licensees have been the sole supervisor and monitor for many advisers. "Licensees had authorised them, employed them and given them ...

FASEA clarifies adviser exam rules

DARREN SNYDER  |  MONDAY, 19 NOV 2018
... hours each CPD year (including a maximum four hours of professional reading), of which 70% will need to be approved by licensees. FASEA has defined minimum hours for CPD categories as follows: Technical - five hours; Client Care and Practice - five hours ...