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Showing 871 - 880 of 1239 results for "licensees"

AMP deflects ASIC attack reports

ALEX BURKE  |  THURSDAY, 21 MAY 2015
... advice entities" such as AMP, Macquarie and the big four banks. In April, it said it had detected "multiple instances of licensees charging clients for financial advice, including annual advice reviews, where the advice was not provided." There is currently ...

Treasury proposes higher regulatory levies for super funds

ALEX BURKE  |  THURSDAY, 21 MAY 2015
... regulatory activities. The outcomes in this report demonstrate ASIC's commitment to ensuring financial services and credit licensees, professional registrants and other licensees meet their key obligations, including minimum standards of compliance ...

APRA releases super performance profiles

DARREN SNYDER  |  WEDNESDAY, 20 MAY 2015
... regulator's published statistics. The pledge came in a recent APRA letter to Registrable Superannuation Entity (RSE) licensees and on the back of about 18 months of ongoing consultation over the reporting framework. In the letter APRA member Helen Rowell ...

Advice not just compliance: Centrepoint

ALEX BURKE  |  FRIDAY, 15 MAY 2015
... Zwart has called out advisers who focus on regulatory compliance without considering client satisfaction. He argued that licensees and practices are obsessed with "[their] own processes rather than the needs of clients." "We need to embrace the FOFA ...

ASIC developing regulatory guide for advice remediation

ALEX BURKE  |  WEDNESDAY, 6 MAY 2015
... has announced it is developing a regulatory guide for advice remediation programs for Australian financial services licensees. The regulator has participated in numerous advice review programs for major financial advice institutions, most notably CBA ...

FPA proposes risk commission cap

DARREN SNYDER  |  TUESDAY, 5 MAY 2015
... president Deborah Kent outlined the organisation's position in a letter sent to members. "We are encouraging advisers and licensees to endorse hybrid and level commission remuneration and remove high-upfront commissions from use and also to take actions ...

APRA releases super reporting standards

DARREN SNYDER  |  WEDNESDAY, 29 APR 2015
... after the end of the reporting period until mid 2017. However APRA encourages Registrable Superannuation Entity (RSE) licensees to continue to submit well within this timeframe wherever possible," the APRA statement said. The 26 final reporting standards ...

Advisers Register hits 22k

DARREN SNYDER  |  WEDNESDAY, 29 APR 2015
... advisers through enforceable undertakings and cancelled 18 licences. It has also accepted enforceable undertakings from six licensees requiring them to undertake major improvements in their compliance procedures and entered into agreements with two licensees ...

FEATURE: Where next for risk advice?

ALEX BURKE  |  TUESDAY, 28 APR 2015
... all subsequent premiums) and level commissions (30% of each year's premiums). Further proposed policy reforms are that licensees are prohibited from receiving benefits that create product choice and/or advice conflicts; that every licensee includes at ...

AFA calls for adviser leadership

ALEX BURKE  |  FRIDAY, 24 APR 2015
Association of Financial Advisers chief executive Brad Fox has said that advisers and licensees should take leadership roles in "pre-empting" life insurance reforms. Signalling the controversial Trowbridge Report as being the catalyst for self-directed ...