Wednesday, September 18, 2019

Compliance & regulation

Association Says Hawking of Insurance ‘Unacceptable’

The Financial Services Council (FSC) in Australia is supporting no hawking of insurance, saying pressure selling insurance products, over the phone or otherwise, is...

Regulators Disappointed With Sector’s ‘Weak Appetite’ For Change

The Reserve Bank of New Zealand and Financial Markets Authority have voiced their disappointment with life insurers’ responses to the joint Conduct and Culture...

Education’s Role in Becoming a Professional

As the financial services sector undergoes sweeping changes, Rod Severn from Professional IQ College writes that now is the time for advisers to knuckle down and...

FMA Cancels AFA Authorisation of Dunedin Adviser 

The Financial Markets Authority has cancelled Dunedin-based adviser Barry Edward Kloogh’s Authorised Financial Adviser (AFA) authorisation, as a result of concerns regarding compliance with...

Partners Life Makes Changes to Bonus Commission Payments

Partners Life has announced it will be removing new business volume targets from bonus commission payments, effective 1 October 2019. In an update to advisers,...

Lack of Trust Remains an Issue

New consumer research released by Australian regulator, ASIC, has confirmed consumers see value in financial advice but that barriers, including the trust factor, prevent...

Regulator Warns Advisers on Record Keeping

Financial Markets Authority CEO, Rob Everett, has emphasised the importance of documenting advice during a panel discussion on conduct and client care at the...

Business Risk Advisers Challenged to Meet Obligations Under New Regime 

Managing Director of Triplejump Group Holdings, Cecilia Farrow, is questioning whether the many risk advisers that provide business risk as part of their service...

Kepa Announces Appointment to Drive Adviser Standards

Kepa Financial Services has appointed Leigh Hodgetts in the new role of Adviser Standards and Compliance Consultant, effective from 16 September 2019. In her new...

Latest Poll – The Future of Your Advice Business

Our latest poll is checking-in with your thoughts on the future for your advice business. Our news reporting continues to be occupied with the sweeping...