Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 71 - 80 of 305 results for "Consent"

Advice from Shartru failed best interests duty, ASIC says

JAMIE WILLIAMSON  |  MONDAY, 31 JUL 2023
... suitably qualified staff to conduct these audits," ASIC said. It added that the additional conditions "were imposed by consent following Shartru's engagement in addressing ASIC's concerns."

ASIC deepens investigation into Magnolia founder

KARREN VERGARA  |  FRIDAY, 30 JUN 2023
... managing director and chief investment officer of Magnolia Capital, was prohibited from leaving Australia without the consent of the court and was ordered to surrender his passport on June 19. ASIC announced that it sought to extend the travel ban on ...

Advisers embrace less back-office burden

KARREN VERGARA  |  FRIDAY, 23 JUN 2023
... more fit-for-purpose. Financial Service Guides (FSGs) will be provided with more flexibility and ongoing fee renewals and consent requirements will be streamlined into a single form. Fox and Hare co-founder and financial adviser Glen Hare is emphatic ...

AMP rolls out new North features

CHLOE WALKER  |  THURSDAY, 15 JUN 2023
... platform functionality, including a new interface with improved online performance and search functionality, and a digital consent tool. Advisers can also now access historical advice fees via a new ART report. "North continues to invest in its award-winning ...

Industry bodies respond to QAR recommendations

KARREN VERGARA  |  TUESDAY, 13 JUN 2023
... tape for advisers was lauded by the advice industry. The removal of Fee Disclosure Statements, rationalisation of fee consent, eradicating the Best Interests Duty Safe Harbour steps, were quick wins for the Financial Advice Association of Australia (FAAA). ...

Treasury to scrap advice admin burdens, boosts intra-fund advice

KARREN VERGARA  |  TUESDAY, 13 JUN 2023
... details and the implications of adopting the remaining parts of Recommendation 5, Jones said. Ongoing fee renewal and consent requirements will be streamlined into a single form, and the requirement to provide a fee disclosure statement will be removed ...

AI in ESG: Risk or opportunity?

ROSE MARY PETRASS  |  MONDAY, 5 JUN 2023
... privacy: The increased use of big data and analytics raises ethical and legal issues related to privacy, fraud, security, and consent. Striking a balance between improving marketing strategies and respecting customer privacy is paramount. Bias, equity ...

Abolishing FDSs a major win: Panel

KARREN VERGARA  |  TUESDAY, 16 MAY 2023
... recommended the elimination of FDSs in her February report. Instead, she wrote, advisers should provide a single annual consent form to authorise fees deducted from clients' accounts. Overhauling the formidable ongoing fee consent arrangements and ...

Labor strengthens economic equality initiatives

KARREN VERGARA  |  TUESDAY, 9 MAY 2023
... frontline service delivery," Chalmers said. Chalmers promised more will be done to strengthen and harmonise sexual assault and consent laws, address barriers to justice and improve the family law system to achieve better outcomes, including for victim-survivors. ...

Biggest super funds face human rights complaints

ANDREW MCKEAN  |  THURSDAY, 27 APR 2023
... including risks to spiritual, cultural and economic rights, as well as the failure to obtain free, prior, and informed consent. Complaints were also sent to the trustees of AMP, Australian Retirement Trust, Aware Super, Brighter Super, BT, Cbus, Colonial ...