Search ResultsShowing 71 - 80 of 100+ results for "Regulatory"
Former NAB, Infocus advisers banned
ALLY SELBY  |  MONDAY, 2 DEC 2019
ASIC has banned two former financial advisers for five years and one year respectively. Former NAB adviser Wendy Chapman and Brisbane-based former financial adviser Nina Katherina Williams were banned by the regulator last week. Chapman who has been ...
Enforcement appetite is working: APRA
ELIZA BAVIN  |  MONDAY, 2 DEC 2019
... reductions in costs and, in some cases, changes of trustee as a result," he said. "However, when coupled with new regulatory powers and penalties provided by the Parliament earlier this year, our heat map means APRA is now much more well-equipped to ...
Update on FASEA code guidance on the way
ELIZABETH MCARTHUR  |  FRIDAY, 29 NOV 2019
... is ambiguity in the code," De Gori said. "It doesn't matter how good the guidance is. Courts of law and other regulatory bodies that might look at the Code of Ethics - how will they interpret it? "FASEA creates the Code of Ethics but they don't ...
Super fund PDSs to include single cost of product figure
HARRISON WORLEY  |  FRIDAY, 29 NOV 2019
... with a suite of new requirements set to apply from late-2020. The corporate regulator released an updated version of Regulatory Guide 97 Disclosing Fees and Costs in PDSs and Periodic Statements (RG97) on Friday, which simplifies how fees and costs are ...
AFCA reveals approach to Code of Ethics compliance
JAMIE WILLIAMSON  |  FRIDAY, 29 NOV 2019
... of the code as a whole and the professional standards framework from which it is derived; the current legislative, regulatory and professional environment within which the code operates and; FASEA's guidance on the operation of the code. It will also ...
Regulators quash remuneration rumours
ELIZABETH MCARTHUR  |  THURSDAY, 28 NOV 2019
... are specifically a conflict, FASEA chief executive Stephen Glenfield told the FPA Congress. Appearing as part of a regulatory update alongside ASIC commissioner Danielle Press, Glenfield said advisers should be using this time to assess their remuneration ...
How much a self-licensee spends on compliance
KANIKA SOOD  |  THURSDAY, 28 NOV 2019
... it was 18 years ago but it has largely held steady over the last few years. She expects this to change with the new regulatory requirements. "I am expecting it will go up to 15 to 17% of our revenue," she said. However, compliance spend will vary from ...
Tech-powered is empowered: SOAs
JAMIE WILLIAMSON  |  THURSDAY, 28 NOV 2019
With no legal or regulatory barriers to using technology to deliver advice, the Financial Planning Association of Australia is confident the future of your practice is paper-free and prosperous. Earlier this year, the FPA established The Future of the ...
FASEA chief to provide update
ELIZABETH MCARTHUR  |  WEDNESDAY, 27 NOV 2019
... delegates at the FPA Congress, with an update expected. FASEA chief executive Stephen Glenfield will speak as part of a regulatory update, with Julie Berry from the Tax Practitioners Board, ASIC's Kate Metz ASIC and FPA chief executive Dante De Gori ...
ASIC probes Regal Funds Management
HARRISON WORLEY  |  WEDNESDAY, 27 NOV 2019
... alleged parties and individuals involved. Regal added that as an active participant in Australian equity markets, regulatory scrutiny was expected "from time to time". "Regal's responsibility to its clients is paramount and it takes its obligations to ...
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