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Showing 931 - 940 of 2887 results for "Standards"

FASEA loses board director

ELIZA BAVIN  |  MONDAY, 6 JAN 2020
Another board director has resigned from the Financial Adviser Standards and Ethics Authority, the announcement coinciding with the commencement of the new Code of Ethics. Catriona Lowe will step down from the FASEA board effective January 31 as she ...

FASEA responds to concerns

ELIZABETH MCARTHUR  |  FRIDAY, 20 DEC 2019
The Financial Adviser Standards and Ethics Authority today released a preliminary response to submissions from stakeholders on its much contested Code of Ethics, attempting to answer some of the many questions raised so far. FASEA consulted with stakeholders ...

ASIC alters adviser levy

ELIZABETH MCARTHUR  |  FRIDAY, 20 DEC 2019
The Financial Planning Association of Australia head of policy and standards Ben Marshan has pointed out that ASIC has quietly altered the per adviser levy recently. Marshan told Financial Standard that financial advice businesses which have budgeted ...

What you read in 2019: Financial advice

JAMIE WILLIAMSON  |  THURSDAY, 19 DEC 2019
... in August, the announcement that many advisers had been waiting for finally came - the deadline to meet new education standards was extended. Existing advisers received an additional year to complete the FASEA-approved exam and an additional two years ...

18 misconceptions about FASEA code

ELIZABETH MCARTHUR  |  THURSDAY, 19 DEC 2019
An education provider has outlined 18 common misconceptions relating to the Financial Adviser Standards and Ethics Authority Code of Ethics, which comes into effect on January 1. Roger Patterson, whose company Blue Path provides FASEA exam preparation ...

No joy in the advice world this Christmas

ELIZABETH MCARTHUR  |  WEDNESDAY, 18 DEC 2019
... mental health concerns. Those present spoke of being overwhelmed by a "perfect storm" of change - with new education standards, grandfathered commissions being wound up, business values being downgraded and widespread licensee consolidation. "The message ...

APRA joins in on Westpac scrutiny

ELIZA BAVIN  |  TUESDAY, 17 DEC 2019
... breached the Banking Act - including the Banking Executive Accountability Regime (BEAR) - or contravened APRA's prudential standards," the regulator said. "Given the magnitude and nature of the issues alleged by AUSTRAC, APRA is aiming to ensure that ...

Half of all AFSL applications approved

ELIZABETH MCARTHUR  |  MONDAY, 16 DEC 2019
... financial advisers by 1 January 2020. New information on advisers is required by AFSLs under the most recent professional standards reforms for financial advisers. "AFS licensees should note that ASIC offices are closed between Christmas Eve and the ...

Government fund appoints new chair

KANIKA SOOD  |  MONDAY, 16 DEC 2019
... from $51 billion to $90 billion, added 55,000 members and launched its own insurance business QInsure. "He has set high standards and continued the strong focus on member outcomes," Pennisi said. Sunsuper and QSuper are currently considering the possibility ...

Super sector to dominate by 2034

ALLY SELBY  |  MONDAY, 16 DEC 2019
... and structures for couples". Rice Warner said that funds could see outflows of members if they fail to meet industry standards. "If the system for selecting default funds changes, or if funds fail to meet the tests under either of APRA's Member Outcomes ...