All posts tagged "financial advisers"
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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 -
141Australia & NZ
ASIC to Take ‘Facilitative Approach’ to FASEA Code Compliance
ASIC has clarified its expectations of AFS licensees and financial advisers for compliance with the FASEA code starting from 1 January.
November 28, 2019 -
160Australia & NZ
ASIC Formalises Adviser Relief from Compliance Scheme Obligations
The relief is granted through a legislative instrument that state that the suspension of the compliance scheme framework applies until 31 October 2022.
November 20, 2019 -
215Australia & NZNew Zealand Delays Start of New Licensing Regime
The start date is being delayed to coincide with the date new regulations needed for transitional licensing take effect.
October 28, 2019 -
282Australia & NZAustralia to Ban Grandfathered Conflicted Remuneration from 2021
The bill to end the payment of grandfathered conflicted remuneration to financial advisers has now passed in the Senate, after passed in the House of Representatives last month.
October 19, 2019 -
260Australia & NZ
ASIC Grants Advisers Relief From Compliance Obligation
ASIC will grant a three-year exemption from the obligation to ensure that financial advisers are covered by a compliance scheme, and from the associated notification obligations.
October 16, 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 -
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 -
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 -
355Australia & NZ
ASIC to Monitor Progress to End Conflicted Remuneration
ASIC will investigate the steps licensed entities are taking to end grandfathered conflicted remuneration for financial advisers and whether the benefits are passed on to clients.
August 22, 2019
