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Showing 661 - 670 of 2860 results for "Standards"

Consultation opens for approved courses

KARREN VERGARA  |  TUESDAY, 20 JUL 2021
The Financial Adviser Standards and Ethics Authority is taking feedback on new degrees and courses that should be recognised as prior learning. The consultation period, which opened on July 19 ends on July 30, is seeking to approve a number of several ...

ASIC spells out IDR reporting

ANNABELLE DICKSON  |  TUESDAY, 20 JUL 2021
... their own complaints systems to the data dictionary. In March 2019, ASIC released CP 311, which set out proposed new standards and requirements for internal dispute resolution, including for the reporting of IDR data. Last July, the new IDR standards ...

ROA relief guidance released

KARREN VERGARA  |  FRIDAY, 16 JUL 2021
ASIC and the Financial Adviser Standards and Ethics Authority have provided further guidance on how advisers can use Records of Advice to make the most of the temporary measure. The corporate regulator and FASEA said the guidance and case study they ...

Retirement portfolios need a rethink: Research

ANNABELLE DICKSON  |  FRIDAY, 16 JUL 2021
A sufficient level of retirement income relies on income volatility as a measure of the risk of impaired living standards in retirement rather than asset return volatility, new research shows. New research from Franklin Templeton subsidiary Martin Currie ...

FASEA scraps three-month rule

KARREN VERGARA  |  FRIDAY, 9 JUL 2021
The Financial Adviser Standards and Ethics Authority is introducing a relief that will allow financial advisers to sit the November examination regardless of their last sitting. FASEA is proposing to relax the three-month registration requirement in ...

Fund managers failing value assessments: FCA

KARREN VERGARA  |  THURSDAY, 8 JUL 2021
... justify to us, undermining the credibility of their assessments," the FCA said. Other managers did not meet the FCA's standards by having poorly designed processes and ultimately did not complete their value assessment obligations. Overall, the FCA ...

FSC launches DDO templates

ANNABELLE DICKSON  |  THURSDAY, 8 JUL 2021
... management and superannuation have collaborated templates for Target Market Determinations (TMDs) and industry data standards which will aid the implementation of DDO. ASIC's RG 274 Product design and distribution obligations will come into effect ...

AFA slams new SOA measures

KARREN VERGARA  |  WEDNESDAY, 7 JUL 2021
... consumer protection," Anderson said. "The bottom line is that financial advisers are professionals, subject to high standards, and they should be trusted. There are already a lot of demanding regulations in place. All these additional measures just add ...

FASEA maintains low pass rate

ANNABELLE DICKSON  |  TUESDAY, 6 JUL 2021
The Financial Adviser Standards and Ethics Authority (FASEA) exam held in May recorded another low pass rate, continuing the trend of previous exams. Of the 1894 advisers that sat the exam, 69% passed. This is in line with the March results which also ...

FS Power50 nominations open

ELIZABETH MCARTHUR  |  TUESDAY, 6 JUL 2021
... the future of financial advice in Australia. "2021 represents a tough year for a lot of advisers, with new education standards that must soon be met and an ongoing pandemic shifting the way they do business. That's why it is more important than ever ...