Wednesday, December 19, 2018

Compliance & regulation

Adviser ‘Thumbs-Up’ for New Code

The majority of advisers have given their support to the draft Code of Professional Conduct,  released to the industry earlier this month. As we go...

FMA Report on Insurer Conduct and Culture Review Due December 

The Financial Markets Authority has stated in its October update that it will report on its Insurer Conduct and Culture Review in December. It also...

Industry Response to ‘Succinct’ Draft Code

The draft Code of Conduct released last week by the Code Working Group has been welcomed by industry stakeholders, particularly for its concise and...

New Details Emerge on Minimum Qualifications for Aussie Advisers

More details regarding minimum educational qualifications for Australian advisers were released last week, contrasting sharply with the minimum standards that are proposed to be...

Do You Support the Draft Code?

Our latest poll asks whether you support the draft Code of Professional Conduct for Financial Advice Services, which was released last week for industry...

Draft Code of Conduct Released, Consultation Opens

Consultation is now open on the draft code of professional conduct, released by the Code Working Group today. Code Working Group Chair, Angus Dale-Jones, says the Group...

MBIE Updates FSLAB Timeline

The Ministry of Business, Innovation and Employment has released an updated timeline for the new regime for financial advice. MBIE stated the time frames now...

ANZ Earmarks $374 Million for Advice Remediation in Australia

ANZ will set aside $374 million to compensate Australian customers who received inappropriate advice or for services not provided, including for advice provided by...

Code Draft Progress Update 

Code Working Group Chair, Angus Dale-Jones, has confirmed that the Code draft is on track to be published for consultation within a few weeks...

“Succession Issue to Solve” – Kepa 

According to the head of one of the country's largest advice groups, the combination of ageing advisers and impending regulatory change may be a...