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Showing 1 - 10 of 12 results for "Financial Advisers Act"

Yarra hunts for superior returns outside ASX giants

RIDDHIMA TALWANI  |  THURSDAY, 26 MAR 2026
The 280 companies on the ASX 300 beyond the top 20 blue chip names can offer investors superior risk-adjusted returns, Yarra Capital Management chair and head of Australian equities Dion Hershan said. Speaking at the Financial Standard Advisers Big ...

ASIC cans timeshare company AFSL

KARREN VERGARA  |  WEDNESDAY, 23 OCT 2024
ASIC cancelled the AFS Licence (AFSL) of timeshare company Ultiqa Lifestyle Promotions, which has been in trouble in the past for providing bad financial advice. Ultiqa's failure to pay an Australian Financial Complaints Authority (AFCA) determination ...

Experience pathway consultation opens

KARREN VERGARA  |  TUESDAY, 18 APR 2023
... additional education requirements to be a qualified tax relevant provider. The Professional Standards of Financial Advisers Act 2017 introduced new education and training requirements to improve consumer outcomes and increase public confidence in the ...

Commissions likely to stay: Hume

KARREN VERGARA  |  THURSDAY, 22 APR 2021
The coalition has hinted that it will not eradicate commissions paid on life insurance products, acknowledging that financial advisers' bottom line has struggled since the introduction of the Life Insurance Framework reforms. While the government's ...

NZ overhauls regulation of advice

JAMIE WILLIAMSON  |  FRIDAY, 19 MAR 2021
... the works for several years now, with legislation first introduced to Parliament in 2017. In mid-2019 the Financial Advisers Act 2008 was repealed, and the Financial Services Legislation Amendment Act was introduced.

Former AMP adviser in enforceable undertaking

ELIZABETH MCARTHUR  |  MONDAY, 15 MAR 2021
... created extra revenue for Thorne. "ASIC first took action in this matter because the law requires that financial advisers act in their clients' best interests. Those providing financial services must not prioritise their own interests or simply implement ...

Fee for no service on APRA and ASIC radar

KARREN VERGARA  |  WEDNESDAY, 10 APR 2019
APRA and ASIC issued a joint letter warning superannuation funds and financial advisers that they will take a tougher approach to ensuring the fee for no service debacle is not repeated. The regulators are taking a more stringent stance on financial ...

New Zealand advice industry to be overhauled

JAMIE WILLIAMSON  |  WEDNESDAY, 9 AUG 2017
... Financial Services Providers (Registration and Dispute Resolution) Act 2008 (FSP Act), while also repealing the Financial Advisers Act 2008 (FA Act). Under the new Bill, all financial advisers will be moved into the FMC Act regime. Unlike the FA Act ...

Mercer handed fine for unlicensed advice in Singapore

MARK SMITH  |  THURSDAY, 10 SEP 2015
... Monetary Authority of Singapore has fined Mercer Singapore S$15,000 ($15,100) for contraventions of the Financial Advisers Act. On 18 August, Mercer Singapore accepted composition amounts of $10,000 for contravention of section 23B(3) of the FAA and ...

NZ looks to Trowbridge for life reforms

ALEX BURKE  |  TUESDAY, 28 JUL 2015
... response to New Zealand's Ministry of Business Innovation and Employment's upcoming review of the country's Financial Advisers Act. "We expect the MJW independent report will identify possible solutions for these issues," Neilson said. "The FSC aims ...
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