All posts tagged "Financial Advice"
-
161Australia & NZSuperannuation Advice to Members ‘Generally Appropriate’: ASIC
ASIC’s survey of 25 superannuation funds found that close to half of them followed best interest duty rules in the provision of financial advice to members.
December 4, 2019 -
192Australia & NZ
ASIC Initiates Civil Penalty Proceedings Against Former ANZ Business
ASIC says that RI Advice Group, acquired by IOOF from ANZ last year, failed to take reasonable steps to ensure that one of its advisers, John Doyle, provided appropriate advice and acted in clients’ best interests.
November 4, 2019 -
370Australia & NZAnnual Report Shows FMA Exceeded Litigation Budget by 50pc
The government has approved a three-fold increase in the FMA’s litigation fund to NZ$6mn for the 2019/2020 year, a day before the annual report was released.
November 4, 2019 -
256Australia & NZAustralia to Form New Disciplinary Body for Financial Advisers
The plan undoes months of effort by industry associations to form an independent body to monitor and enforce compliance with a new code of ethics for financial advisors.
October 15, 2019 -
471Australia & NZ
ClearView Completes Advice Remediation Programme
Financial compensation totalling A$730,000 was offered to 215 clients who were harmed by poor advice, while another 21 clients received non-financial remediation.
September 20, 2019 -
264Australia & NZ
Australia Passes Bill to End Conflicted Remuneration Despite Pushback
The Association of Financial Advisers says thousands of clients will be worse off without grandfathered commissions, and that financial advisers need more time to adjust.
September 17, 2019 -
901Australia & NZAustralia Establishes Senate Committee on Fintech, Regtech
The committee will inquire into the opportunities of fintech and regtech, and benchmark Australia’s environment for innovation against comparable global regimes.
September 16, 2019 -
285Australia & NZAFCA Clarifies How it Will Assess Legacy Complaints
AFCA ombudsman Shail Singh says legacy complaints will be assessed against laws, industry practices and applicable standards in force at the time of the misconduct.
September 12, 2019 -
599Australia & NZ
ASIC Focuses on Misconduct in Four-Year Corporate Plan
ASIC will expand its use of behavioural sciences, data and technology and position itself as a more strategic and agile regulator.
August 29, 2019 -
337Australia & NZ
FMA Consults on Exemptions for New Financial Advice Regime
The FMA considers that it may be useful to continue existing exemption relief for Australian licensees and advisers already meeting ASIC requirements.
August 19, 2019
