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Showing 1 - 10 of 45 results for %22Code Monitoring Australia%22

ASIC, APRA slam premium hikes

KARREN VERGARA  |  FRIDAY, 15 DEC 2023
... materials that articulate the different premium types and when these might increase," the regulators said. "The Life Insurance Code of Practice also requires life companies to explain how premiums may change at point of sale and each policy anniversary." ...

BetaShares launches Aussie bluechip ETF

KARREN VERGARA  |  THURSDAY, 17 MAR 2022
... strategy that invests in Australian companies deemed to be of high quality. The BetaShares Australian Quality ETF, with ticker code AQLT, comprises companies that have high return on equity, low leverage and relative earnings stability. AQLT will host ...

Cost of advice soars as red tape grows

ELIZA BAVIN  |  WEDNESDAY, 21 OCT 2020
... system and single disciplinary body for financial planners. The new disciplinary body is set to replace the role of code monitoring bodies, which many professional associations, led by the FPA, had planned to establish under professional standards reforms. ...

Advisers still unclear on referral rules

ELIZABETH MCARTHUR  |  WEDNESDAY, 29 JAN 2020
... they have communicated in the guidance document." For Marshan, the issue in part comes back to the need for a code monitoring body to tell advisers exactly how the FASEA standards will be interpreted. "So - until FASEA are clearer - or until we have ...

ASIC outlines Code of Ethics expectations

ELIZA BAVIN  |  TUESDAY, 26 NOV 2019
... enforce individual advisers' compliance. The regulator said under the Corporations Act it does not have a role as a code monitoring body and is specifically prevented from exercising its power to ban an adviser for breaches of the code. "As announced ...

Continued calls for code compliance extension

ELIZABETH MCARTHUR  |  THURSDAY, 21 NOV 2019
... step for ASIC as there was a legal requirement for licensees to ensure financial planners were registered with a code monitoring body, and that registration was recorded on the financial adviser register before the end of the year." However, he said ...

Registration deadline extended: ASIC

ELIZABETH MCARTHUR  |  THURSDAY, 14 NOV 2019
... The disciplinary body will be charged with monitoring and enforcing the Financial Adviser Standards and Ethics Authority Code of Ethics. Following the announcement of the disciplinary body, on October 11, ASIC sought to assure AFSLs that it would not ...

Ethics code creates confusion around ESG

ELIZABETH MCARTHUR  |  MONDAY, 11 NOV 2019
A debate is raging about what the Financial Advice Standards and Ethics Authority's Code of Ethics means for ESG investing and advising clients on ethical investment options, with FASEA chief executive Stephen Glenfield looking to clarify the issue. ...

ASIC grants compliance scheme relief

HARRISON WORLEY  |  WEDNESDAY, 16 OCT 2019
... with advisers still obliged to do so. The government's announcement frustrated the advice sector, with Code Monitoring Australia - established by the Association of Financial Advisers and the Financial Planning Association of Australia among others - ...

Code monitoring move disappoints industry

ELIZABETH MCARTHUR  |  MONDAY, 14 OCT 2019
... industry bodies, had taken steps to implement code monitoring by the end of the year - establishing Code Monitoring Australia. The associations have now withdrawn their application to have Code Monitoring Australia function as the legislatively required ...
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