Monday, October 26, 2020

Associations

Aussie Plan To Ban Risk Commissions

Australia's Shadow Assistant Treasurer and Shadow Minister for Financial Services, Stephen Jones, told the 2020 AFA Vision Conference last week that a Labor Government...

Trusted Adviser Mark Open For Applications

The Trusted Adviser quality mark has been officially launched by Financial Advice New Zealand, meaning qualifying advisers can apply for the mark in time...

MDRT NZ Appointment

The new MDRT Executive Committee took effect this month, while a Kiwi adviser has stepped up to the plate in New Zealand. Christchurch-based adviser, Brian...

Call For Re-Think On Risk Commissions In Australia

Noted Australian actuary, John Trowbridge, is calling on his country's Government, regulators and other industry stakeholders to reconsider the 60/20 risk commission model presently...

Quality Service Mark Proposed For Financial Advisers

A quality service mark for financial advisers is proposed by Financial Advice NZ which is now seeking feedback on the criteria and design for...

Call For Australian Regulator To Stop ‘Fee Gouging’

The Financial Planning Association of Australia (FPA) has urged the Australian Securities and Investments Commission (ASIC) to reconsider a 38 percent increase to its...

Financial Conduct Bill ‘Has Serious Flaws’

Members of the select committee overseeing the Financial Markets (Conduct of Institutions) Amendment Bill heard that while the bill is well intended, it has...

Issues Linger Around FASEA Code of Ethics – Adviser Conflict of Interest

In Australia the critical importance of documenting reasons for the amount of life insurance recommended to clients has been driven home to advisers during...

Caution Needed When Belonging to More Than One FAP

Financial advisers working with multiple Financial Advice Providers will be placed under a high level of scrutiny by the Financial Markets Authority. A document released...