Thursday, August 6, 2020

Compliance & regulation

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...

Onus On Advisers To Identify Vulnerable Clients

The FMA's regulatory framework firmly places the onus on financial advice providers to meet client needs and deliver good outcomes for vulnerable clients, concludes...

FMA Back To Business As Usual

Among the FMA's priorities for the next six months include monitoring the changing regulatory risks as the Covid-19 pandemic plays out across New Zealand...

Focus On Soft Commissions

Under the incoming regulatory regime the FMA confirms it will place a stronger focus on financial advice providers to detail their process for handling...

Tick-Box Disclosure Days Coming To An End

The days of financial advisers handing over a disclosure form and ticking a box will be over, come 15 March next year says MBIE. Under...

Advisers Will Need To Be Proactive Come 2021

The FMA says it will be up to each financial adviser to apply for a full licence next year as the industry regulator will...

Concerns Raised Over FMA’s A, B, C Licence Proposal

While the FMA's proposed three-class system of licencing financial advisers was roundly welcomed when it was announced by the regulator in June, its A,...

FMA Statement Of Intent Defines ‘Fair’

The Statement of Intent, released by the FMA, signals its expectations when it comes to trust and confidence in the financial markets over the...

Privacy Act Changes Might Catch You Out

With the revised Privacy Bill due to become law on 1 December 2020 specialist privacy lawyers at Dentons Kensington Swan have drawn up a...