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Showing 51 - 60 of 100+ results for "Compliance"

Managed accounts fulfil best interest

ANNABELLE DICKSON  |  WEDNESDAY, 28 JUL 2021
... for ease in demonstrating client best interest obligations compared to managed funds (80%) or direct equities (65%). "Compliance is the top challenge faced by financial advisers in the day-to-day running of their business, with direct implications for ...

Robo advice potential skyrockets

ANNABELLE DICKSON  |  TUESDAY, 27 JUL 2021
... advice and be connected with packaged investment solutions," Rainmaker Information executive director of research and compliance Alex Dunnin said. "The financial adviser sector shake-out that has happened over the past few years, where the number of ...

FIRB updates guidance

ELIZABETH MCARTHUR  |  MONDAY, 26 JUL 2021
... certificates to certain forms of private capital investments, while at the same time reducing some administrative and compliance obligations." Guidance was also reinstated regarding the requirements for foreign government investor tracing, and some new ...

ASIC consults on anti-hawking rules

KANIKA SOOD  |  THURSDAY, 22 JUL 2021
... clarity on how the changes may affect commercial practices, systems and processes. "This will help industry prepare for compliance with the new regime once it commences," she said. In December 2019, ASIC said it would ban unsolicited cold calling in ...

Alphinity launches new fund

ELIZABETH MCARTHUR  |  THURSDAY, 22 JUL 2021
... example," he said. "When we come across a grey area related to ESG issues or alignment with the SDGs the Sustainable Compliance Committee assesses the matter and determines whether Alphinity can support the company's activities. "The committee includes ...

Modern slavery obligations fall by the wayside: ACSI

KARREN VERGARA  |  WEDNESDAY, 21 JUL 2021
... The next 12 months will determine whether the act is driving concrete action and continuous effective "box-ticking compliance exercise". "Investors and other stakeholders have a key role to play in engaging with ASX200 companies to ensure statements ...

ASIC prepares licensees for reference checks

KARREN VERGARA  |  WEDNESDAY, 21 JUL 2021
... representatives comply with financial services laws or credit legislation," the regulator said. A civil penalty applies for non-compliance. ASIC can also take administrative action if parties do not comply with the new protocol, which could include suspending ...

FAR draft legislation released

KANIKA SOOD  |  MONDAY, 19 JUL 2021
... under this threshold will not have to submit accountability maps and statement to APRA and ASIC under the enhanced compliance thresholds. "The Financial Accountability Regime imposes a strengthened responsibility and accountability framework within financial ...

Padua appoints chair

ELIZABETH MCARTHUR  |  FRIDAY, 16 JUL 2021
... delivering financial advice in a cost effective and efficient manner. "Padua's technology dramatically reduces the cost of compliance for advisers and runs unopposed in the market. I am excited about the opportunity for Padua and I look forward to overseeing ...

Lifespan appoints compliance lead

KARREN VERGARA  |  MONDAY, 12 JUL 2021
Lifespan Financial Planning has hired a risk and compliance lead who was previously a financial adviser for the firm. Adrian Caspar joins the Sydney office with 15 years' experience in compliance, risk management, financial advice and governance. Caspar ...