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Showing 671 - 680 of 1237 results for "licensees"

APRA urges super funds to examine board skills

HARRISON WORLEY  |  FRIDAY, 18 MAY 2018
The prudential regulator is asking superannuation fund licensees to reconsider whether board members contain the requisite mix of skills and capabilities to fulfil their role. The regulator sent all registrable superannuation entities (RSEs) a letter ...

ASIC consults on advice code monitoring bodies

JAMIE WILLIAMSON  |  TUESDAY, 15 MAY 2018
... enforced by ASIC-approved compliance schemes. ASIC has proposed that the Corporations Act be reformed to require AFS licensees and authorised representatives to provide information to all code monitoring bodies to enable effective and proactive monitoring ...

Advice fintech shutters Sydney office

ALEX BURKE  |  TUESDAY, 15 MAY 2018
... because the review "reaffirmed that Intiger will renew its focus on meeting the needs of Australian financial services licensees to provide large-scale, compliant quality advice." This "renewed focus" will also see Intiger introduce new complementary ...

Vertical integration needs overhaul: Poll

KANIKA SOOD  |  MONDAY, 14 MAY 2018
... advice industry giants on April 30. Orr argued that planners working from approved product lists that featured only the licensees' platform offerings were at systematic risk of failing to act in the best interest of their clients. Separating platform ...

Adviser disciplinary regime has holes: AFA

JAMIE WILLIAMSON  |  MONDAY, 14 MAY 2018
... could have to ensure a more effective disciplinary regime." The AFA highlighted information sharing as a key issue, with licensees typically not sharing information on individual advisers with their respective professional associations. The association ...

ASIC and FPA submit recommendations to RC

HARRISON WORLEY  |  FRIDAY, 11 MAY 2018
... to a customer. ASIC said these reviews were likely to be of "limited value" to many customers, and took exception to licensees charging fees for an offer of a service, rather than the provision of one. The Financial Planning Association (FPA) also made ...

Federal government responds to white collar crime Senate inquiry

KANIKA SOOD  |  MONDAY, 7 MAY 2018
... Commission's findings to act on three sets of recommendations: self-reporting, industry codes and giving ASIC powers to direct licensees. Allowing disgorgement of profits in civil penalties, the government agreed that courts should give priority to compensating ...

RC suggests separating platforms and advice licensees

ALEX BURKE  |  MONDAY, 30 APR 2018
... Counsel Assisting Rowena Orr at the end of the financial advice Royal Commission was that vertical integration of advice licensees and platform providers carries systemic risk. Orr said that licensees using approved product lists that are "limited or ...

RECAP: Advice in the Royal Commission spotlight (Days 6- 9)

KANIKA SOOD  |  FRIDAY, 27 APR 2018
... an executive to testify on its practice of negotiating the outcomes of enforceable undertakings with financial advice licensees. At the SMSF Expo in Melbourne, SMSF Association chief executive John Maroney said: "I don't want to go into detail about ...

ROYAL COMMISSION: Our top stories

JAMIE WILLIAMSON  |  FRIDAY, 27 APR 2018
... Commission questioned ASIC over its practice of heavily negotiating enforceable undertaking outcomes with financial advice licensees. Senior Counsel Assisting Rowena Orr asked ASIC senior executive leader - financial advisers, Louise Macaulay, why ASIC ...