All posts tagged "financial advisers"
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441EnforcementMAS Charges Two Insurance Agents for Falsifying Documents
Two insurance agents of Prudential Assurance Company Singapore provided false information to MAS in relation to an investigation it was pursuing.
May 23, 2022 -
376Australia & NZNew Zealand Fund Manager Fees Overshadow Performance: FMA
Fund managers are showing repeatable performance but the "benefits of their skill" are being overshadowed by fees and commissions paid to third parties.
May 20, 2022 -
579MalaysiaBNM Proposes Rules for Hiring Insurance, Takaful Agents
Insurers and takaful operators must undertake a due diligence process that includes reference checks with all of an agent's current and former employers.
April 30, 2022 -
409Malaysia
BNM Finalises Conduct Requirements for Financial Advisers
Advisers will have to provide customers with suitable product options from at least three different providers for each class of insurance or takaful business being recommended.
April 29, 2022 -
336SingaporeSingapore: New Guidance Issued on Enhancing Insurer Service Quality
Singapore's Insurance Culture and Conduct Steering Committee published a third paper offering guidance on improving conduct and culture in the insurance ecosystem.
April 27, 2022 -
575Australia & NZWestpac Super Trustee Fined for Overcharging Commissions
On top of a A$20mn penalty, BT Funds Management will pay A$9.8mn in remediation to over 9.900 superannuation members.
April 11, 2022 -
307SingaporeMAS Publishes Compliance Toolkit for Financial Advisers
The toolkit provides guidance to facilitate compliance by financial advisers with MAS approval and reporting requirements.
April 9, 2022 -
378Australia & NZASIC Launches Federal Court Proceedings Against Macquarie
ASIC says Macquarie failed to properly detect and prevent unauthorised fee transactions by now-convicted former financial adviser, Ross Andrew Hopkins.
April 5, 2022 -
485Australia & NZASIC Updates Market Integrity Rules and 10 Rule Books
From 10 March 2023, financial markets and participants will have to comply with new technological and operational resilience rules.
March 11, 2022 -
414Australia & NZ
ASIC Consults on When to Convene FSCP Sitting Panels
ASIC proposes that it will generally convene an FSCP sitting panel when misconduct is widespread or part of a growing trend, or where doing so can have deterrence benefits.
March 4, 2022
