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Showing 661 - 670 of 1884 results for "Authority"

Advice industry compresses

ELIZABETH MCARTHUR  |  TUESDAY, 11 FEB 2020
... significant drop in numbers represents those who exited the industry post the Financial Adviser Standards and Ethics Authority's 31 December 2018 deadline. As adviser numbers now stand, they are in line with the number of financial advisers registered ...

Calls for disability insurance reform

ELIZA BAVIN  |  MONDAY, 10 FEB 2020
... high replacement ratio can be a disincentive to returning to work." In December, the Australian Prudential Regulation Authority said that life companies collectively lost around $3.4 billion over the past five years through the sale of DII to individuals. ...

Separate advice and product: AIOFP

ELIZABETH MCARTHUR  |  FRIDAY, 7 FEB 2020
... the disproportionate losses from failed product related unpaid determinations. In the Australian Financial Complaints Authority's (AFCA) submission on the Compensation Scheme of Last Resort, it too addressed managed funds failing as an issue for the ...

Permanent ban follows alleged SMSF theft

HARRISON WORLEY  |  WEDNESDAY, 5 FEB 2020
... permanently banned Sydney adviser Tram Tran, after it found the funds of her clients had been transferred without their authority to the trust account of a business for which she was the sole director and shareholder, Orchard Accountants. ASIC has also ...

Chief economist update: Coronavirus infects oil market

BENJAMIN ONG  |  TUESDAY, 4 FEB 2020
... have a negative impact on other nations. The ban on Chinese tourists will aggravate this. Data from the China Tourism Authority show that Chinese tourists took 149 million trips in 2018, with total spending amounting to US$130 billion - or the size of ...

Regulators should face consequences for non-compliance: FSC

HARRISON WORLEY  |  FRIDAY, 31 JAN 2020
... cooperate with one another. The Council commented that the legislation establishing the Financial Regulator Oversight Authority - set to be consulted on and introduced by June 30 - should be "sufficiently robust so that where a regulator breaches its ...

Advisers still unclear on referral rules

ELIZABETH MCARTHUR  |  WEDNESDAY, 29 JAN 2020
The Financial Adviser Standards and Ethics Authority Code of Ethics which came into effect from the start of the year has left many unclear on what kind of referrals are allowed. Amid news at the start of the year that Mark Bouris' Yellow Brick Road ...

Latest FASEA exam results in

ELIZABETH MCARTHUR  |  WEDNESDAY, 29 JAN 2020
... financial advisers across Australia have just received their results for the final Financial Adviser Standards and Ethics Authority exam for 2019. Over 86% of the 2981 advisers who sat the exam have passed. The exam was held in eight metropolitan and ...

UK regulator fined for pension failure

HARRISON WORLEY  |  TUESDAY, 28 JAN 2020
... include sufficient information in a chair's statement to members of its staff pension plan. The Financial Conduct Authority (FCA) has been fined £2000 by UK pension scheme authority, The Pension Regulator (TPR). A list of enforcement activities ...

Chief economist update: More from Morrison

BENJAMIN ONG  |  TUESDAY, 21 JAN 2020
... did note that the 2019-2020 budget reduced funding to National Parks, the Bureau of Meteorology and the Climate Change Authority." Morrison's cash splash, and more, if required, would go a long way towards the recovery from the bushfire, even extending ...