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

Search Results

Showing 901 - 910 of 1224 results for "Licensees"

Increased record keeping provisions for advisers

LAURA MILLAN  |  TUESDAY, 18 NOV 2014
... (ASIC) believes good record keeping systems support the ongoing provision of quality advice to clients. It will also help licensees supervise their representatives and help consumers hold the licensee and the adviser accountable. "For best interests ...

Non-aligned licensee inquiries to rise in 2015

LAURA MILLAN  |  MONDAY, 17 NOV 2014
... approved product list and cheaper, more advanced technology and platforms are encouraging more advisers to leave large licensees and strike out on their own. The big four banks and AMP have collectively seen a reduction in adviser numbers during the ...

Financial Standard unveils Digital Dozen in social media

STAFF WRITER  |  FRIDAY, 31 OCT 2014
... influence this has on the perception of advice professionals and role they play in the client's life.A It is vital that licensees and principals look to integrate these strategies into every modern practice." The Finalists are (in alphabetical order) ...

APRA releases group insurance best practice guide

JAMES FERNYHOUGH  |  THURSDAY, 30 OCT 2014
... undertaken a coordinated effort to increase its focus on this area, through the release of standards and guidance for RSE licensees and increasing supervisory attention for participants in the market." APRA deputy chairman Ian Laughlin said that over ...

APRA releases draft RSE fraud management guide

ALEX DUNNIN  |  MONDAY, 27 OCT 2014
... consultation a draft prudential practice guide concerning fraud risk management that Registrable Superannuation Entity (RSE) licensees will be expected to follow. In it the regulator used a broad definition of fraud risk and covered internal and external ...

Government clarifies adviser register funding

LAURA MILLAN  |  MONDAY, 27 OCT 2014
... experience. It will make public the adviser's qualifications and professional association memberships; the licensee, previous licensees or authorised representatives and the business name. Other information to be included will be the product areas that ...

Arthur's back. Wait, no he's not

COLIN BRINSDEN, AAP ECONOMICS CORRESPONDENT  |  FRIDAY, 24 OCT 2014
... the current lodgement fee at the Australian Securities and Investments Commission for Australian Financial Services licensees by $5 to $44. Financial Planning Association boss Mark Rantall said it was a "big step" in the right direction. "When you go ...

Funding for the government's adviser register unclear

LAURA MILLAN  |  FRIDAY, 24 OCT 2014
... government saying that the money will come via a $5 hike in the annual lodgement fee for Australian Financial Services (AFS) licensees. A statement from Minister for Finance and Acting Assistant Treasurer Mathias Cormann said: "the register will cost ...

Financial Wisdom and Count also subject to higher standards

LAURA MILLAN  |  THURSDAY, 23 OCT 2014
... for further development and investment in them." Advisers, existing staff and authorised representatives under these licensees will be required to hold either an advanced diploma in financial planning; a degree in finance, business, commerce or a related ...

ASIC to crack down on big four, AMP and Macquarie

LAURA MILLAN  |  TUESDAY, 21 OCT 2014
... investment schemes and will "continue to identify 'red flags' and focus on high-risk entities." ASIC also said: "we expect licensees to provide breach reports promptly so that we can identify and rectify problems with individual entities quickly and ...