Saturday, April 20, 2024

Compliance & regulation

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...

FMA Transitional Licensing Seminars

The Financial Markets Authority is conducting a series of roadshow seminars for advisers, advice businesses and others considering their options in the new financial...

Timeline Revealed for Banking Royal Commission Recommendations

The Australian Federal Government has released the implementation program it has developed for the 76 recommendations stemming from the Banking Royal Commission. The implementation program...

FMA Consults on New Financial Advice Regime Exemptions

The FMA has released a consultation paper seeking feedback on proposed exemption support for the new financial advice regime. The Financial Services Legislation Amendment Act 2019...