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Showing 641 - 650 of 1237 results for "licensees"

Conflict of interest too great for NULIS: Royal Commission

HARRISON WORLEY  |  THURSDAY, 9 AUG 2018
... trustee was acting in the best interests of members, upon becoming aware of this issue, it would insist that these advice licensees that it was paying carried out a proper review to determine whether or not services had been provided in exchange for ...

Limited MDA deadline closes in

KARREN VERGARA  |  WEDNESDAY, 8 AUG 2018
... ROA service model" that might include SMAs, he said. On August 6, ASIC released an information paper for advisers and licensees who have been using the No-action letter or limited MDA approach for portfolio management. Potter said the information paper ...

Fees for no service remediation passes $250 million

DARREN SNYDER  |  WEDNESDAY, 8 AUG 2018
... interest for failing to provide advice while charging ongoing fees. Other institutions and Australian financial services licensees (AFSLs) that have identified potential fee for no service failings include Bendigo Financial Planning, Police Financial ...

ASIC staff to investigate institutions from the inside

JAMIE WILLIAMSON  |  TUESDAY, 7 AUG 2018
... be directed towards improving consumer access to the ASIC's Financial Adviser Register and ensuring compliance by licensees and advisers with the Future of Financial Advice laws. In a joint statement, Treasurer Scott Morrison and Minister for Financial ...

MetLife revamps relationship management and underwriting teams

KARREN VERGARA  |  TUESDAY, 7 AUG 2018
... read of retail sales Matt Lippiatt said sales and underwriting work closely together with a one team mindset to support licensees and advisers. "These appointments significantly strengthen our capabilities, and I'm delighted to welcome our newcomers," ...

One measure not enough to revoke MySuper: APRA

HARRISON WORLEY  |  MONDAY, 6 AUG 2018
... of proposed APRA directions powers to assist in the regulator's ability to resolve issues in a timely manner with RSE licensees that consistently underperform, in addition to the regulator's proposed outcomes assessment, which it said will seek "to enable ...

XPLAN picks up Lumen integration

HARRISON WORLEY  |  FRIDAY, 3 AUG 2018
... integrated its recently acquired data analytics solution with financial planning software XPLAN. IRESS has made it easier for licensees to identify actual and potential scenarios where advice standards are not being complied with by integrating data ...

Existing but unregistered advisers at risk

JAMIE WILLIAMSON  |  THURSDAY, 2 AUG 2018
... time post-1 January 2019. Now, new 'provisional relevant providers' can only be added to FAR from 15 November 2019. Licensees adding existing advisers to their ranks must still notify ASIC about the existing provider when they are appointed. "These changes ...

IMAP awards managed accounts excellence

KARREN VERGARA  |  THURSDAY, 2 AUG 2018
The Institute of Managed Account Professionals recognised the best investment managers, licensees and providers facilitating the rapid growth of the industry at its inaugural awards ceremony last night. Held at Sydney's Dockside at Cockle Bay Wharf ...

Adviser Ratings to predict licensees' quality of advice

JAMIE WILLIAMSON  |  TUESDAY, 31 JUL 2018
Adviser Ratings is proposing a new rating system for Australia's 1800 financial advice licensees that could potentially predict instances of misconduct. The new system, outlined in a new white paper, will see licensees rated in two ways; the first using ...