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Showing 631 - 640 of 866 results for "Code"

Industry moves away from upfront commissions

LAURA MILLAN  |  THURSDAY, 25 JUN 2015
... fee-for-service basis. As part of the industry-wide effort to improve the quality of risk advice, the FSC will develop a life insurance code of conduct by July 1, 2016. The code will be similar to the existing codes for banking and general insurance ...

FPA pushes for three-year opt-ins

ALEX BURKE  |  WEDNESDAY, 24 JUN 2015
... Future of Financial Advice reforms. Speaking to Financial Standard, FPA chief executive Mark Rantall explained that the FPA code - for which the association is currently seeking ASIC approval - will obviate the need for client opt-ins "as they currently ...

AustralianSuper backs CFA Code

DARREN SNYDER  |  THURSDAY, 4 JUN 2015
AustralianSuper believes the Chartered Financial Analyst (CFA) Asset Manager Code of Professional Conduct underpins the minimum standards within the super fund's investment agreements. As the discussion continues about lifting the professional, ethical ...

ASIC bans convicted fraud "mastermind"

ALEX BURKE  |  FRIDAY, 22 MAY 2015
ASIC has banned the Australian "mastermind" of the UK's biggest ever boiler room scheme from practising financial services. From 2003 to 2007, Jeffrey Revell-Reade made A£70 million selling equities in non-existent companies via brokers in Madrid to ...

ISA and AIST want changes to professionalism model

DARREN SNYDER  |  WEDNESDAY, 13 MAY 2015
Both Industry Super Australia (ISA) and the Australian Institute of Superannuation Trustees (AIST) have recommended modifications to a proposed model on lifting educational, professional and ethical standards in the financial services industry. In their ...

CCMC chief executive appointed as lead ombudsman

DARREN SNYDER  |  TUESDAY, 12 MAY 2015
The chief executive of the Code Compliance Monitoring Committee (CCMC) for the Code of Banking Practice, June Smith, will be leaving to expand her role at the Financial Ombudsman Service from July. Smith, who is also currently the general manager of ...

Too many adviser associations: ASFA

ALEX BURKE  |  MONDAY, 11 MAY 2015
The Association of Superannuation Funds of Australia (ASFA) argued that there should be a single adviser association. Noting its "concerns" about multiple associations, ASFA said in a submission to Treasury that the current situation creates "unnecessary ...

BetaShares US equity ETF rated

MARK SMITH  |  TUESDAY, 28 APR 2015
... has become the fund provider's seventh vehicle to be awarded a 'Recommended' rating by Lonsec. The fund, which has the ASX code QUS, was launched in January and aims to track the performance of the FTSE RAFI US 1000 Index before fees and expenses. The ...

FEATURE: Where next for risk advice?

ALEX BURKE  |  TUESDAY, 28 APR 2015
... retail life providers on its APL; that licensees and advisers address cultural barriers to reform; and that a Life Insurance Code of Practice is developed, modelled on the General Insurance Code of Practice. The report follows on with four implementation ...

Trowbridge proposals will hit consumers hardest

ALEX BURKE  |  MONDAY, 20 APR 2015
AFA chief executive Brad Fox has hit back at the FSI and Trowbridge recommendations, saying they are "unworkable, impractical and do not acknowledge the value life insurance advisers provide to consumers." He noted that the hybrid remuneration model ...