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Search ResultsShowing 1 - 10 of 27 results for "FASEA Code of Ethics"
Regulatory, legal exam questions trip up advisers
ELIZABETH MCARTHUR  |  MONDAY, 3 AUG 2020
... were among the areas where advisers were most likely to underperform. Understanding the application of the FASEA Code of Ethics and the Corporations Act to advice scenarios also proved challenging to many. So too did the identification of client bases ...
Confusion over RG 146 requirements
ELIZABETH MCARTHUR  |  WEDNESDAY, 10 JUN 2020
... continue with the RG 146 policy and compliance until completing the FASEA exam and approved education. "The FASEA Code of Ethics will work alongside RG 146 until such time as the exam and education qualification conditions are met," Fox said. "Once met ...
Adviser fears over ASIC relief
HARRISON WORLEY  |  THURSDAY, 30 APR 2020
... Cara Graham agrees, saying even with the temporary measures advisers are still required to abide by the FASEA Code of Ethics. "It's not as if that's [the Code] gone out of the window," Graham says. "All the steps in the onboarding process are there to ...
FASEA too soft on ethical investing: Advisers
ELIZABETH MCARTHUR  |  THURSDAY, 30 APR 2020
... the webinar, Federation Financial Services adviser Dave Rae pointed to an example provided along with the FASEA Code of Ethics' Standard 6. In the Code of Ethics Guidance, released by FASEA in October 2019, this example was given: "Where your clients ...
Compliance worse than COVID-19
ALLY SELBY  |  THURSDAY, 23 APR 2020
... there was a consensus that more was to come. In the last few years, advisers had faced FoFA reforms, the FASEA Code of Ethics, Royal Commission recommendations, ASIC Project 515 and "lookback" projects as a result of the fee for no service issue, he ...
Could relief on advice compliance save consumers?
ELIZABETH MCARTHUR  |  THURSDAY, 2 APR 2020
... immediate needs being met." He also wants to see ASIC take more of a facilitative approach (as it did with the FASEA Code of Ethics) with legislation passed or in the pipeline including the FASEA exam. "Any and all of these initiatives would free up ...
Life commissions, referral fees still kosher: AFA
ELIZABETH MCARTHUR  |  THURSDAY, 27 FEB 2020
... professionalism Phil Anderson dove into commissions and fees in a detailed presentation in light of the FASEA Code of Ethics, Life Insurance Framework and other regulatory changes. Anderson pointed out CountPlus chief executive Matthew Rowe's recently ...
Advice complaints low: AFCA
ELIZABETH MCARTHUR  |  WEDNESDAY, 19 FEB 2020
... disseminating to financial firms, with the aim of clarifying how it handles claims fairly. Singh focused on the FASEA Code of Ethics, saying this has added obligations for financial advisers in AFCA's view. "We are required to have regard for industry ...
Sophistication: More than money
ELIZABETH MCARTHUR  |  TUESDAY, 7 JAN 2020
Under the FASEA Code of Ethics the amount of money an individual has to invest can no longer be relied upon to determine whether they are a sophisticated investor or not. Sophisticated investors are defined by ASIC's Money Smart as investors with a ...
FASEA loses board director
ELIZA BAVIN  |  MONDAY, 6 JAN 2020
... Committee," FASEA said. "The board wishes her success in her future role." Her resignation comes as the FASEA Code of Ethics kicks into action, with all financial advisers expected to be compliant as of January 1.
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