All posts tagged "financial advisers"
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165Australia & NZIndustry Body Urges ASIC to Reconsider Reference Checking Model
The Stockbrokers and Financial Advisers Association urges ASIC to look at the central register model used in the US, which treats advisers more fairly.
November 24, 2020 -
311Australia & NZASIC Drafts Reference Checking Protocol for Advisers, Mortgage Brokers
The Royal Commission recommended that reference checks be required for individuals seeking to be employed or authorised as a financial adviser or mortgage broker.
November 19, 2020 -
488Australia & NZNew Zealand FSC Publishes Disclosure Guide for Financial Advice Regime
The ‘Disclosure Guide’ will help advisors comply with the changes to disclosure requirements under the new financial advice regime which comes into force on 15 March 2021.
November 10, 2020 -
728Australia & NZNew Zealand FMA Warns of Action Against Poor Conduct
There are no excuses for conduct that presents the risk of harm to investors, customers and the integrity of the markets, says FMA chief Rob Everett.
September 25, 2020 -
513Australia & NZ
ASIC Launches Civil Proceedings in Two Fees-for-no-service Cases
ASIC has commenced ‘fees for no service’ cases against Asgard Capital Management, BT Funds Management, and StatePlus Super.
August 20, 2020 -
261Australia & NZNew Zealand Sets Out Disclosure Rules for Financial Advisers
Financial advisers will have to disclose to clients details about fees, the range of products they advise on, conflicts of interest and commissions they may earn.
June 30, 2020 -
384Australia & NZAustralia Allows Advisers More Time to Meet Exam Requirement
Advisers would have had until the end of this year to complete the new Financial Adviser Standards and Ethics Authority exam. A newly-passed bill allows an extra year to do so.
June 18, 2020 -
333Australia & NZ
FMA Sets Out Full Licence Conditions for NZ Financial Advisers
In a consultation paper, the FMA specifies three distinct classes of financial advice provider licences, to allow applicants to apply for the licence that best suits their circumstances and business structures.
June 18, 2020 -
295Australia & NZAustralian Treasury Bans ‘Conflicted’ Commissions Paid on LICs
Fund managers will be barred from paying fees to financial advisers and stockbrokers for selling listed investment companies and trusts.
May 25, 2020 -
456Australia & NZAdvice Remediation at Six Biggest FIs Reaches A$750m: ASIC
NAB has paid over A$203mn to over 588,000 customers as compensation for non-compliant advice and fees-for-no-service misconduct.
February 12, 2020
