Tuesday, March 19, 2024

Urgent Call For Government to Resolve CSLR Adviser Costs

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The FAAA has expressed “deep concern and disappointment” about the adviser costs in the  Compensation Scheme of Last Resort’s just released estimates, and is calling on the Government for the retrospective impact of the CSLR...

Former AFA Chief to Take Reins at NIBA

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The National Insurance Brokers Association has announced the appointment of a former AFA CEO, Richard Klipin, as its new Chief Executive. He will replace its outgoing CEO Phil Kewin,  who is also a former chief...

Level of Compliance on Internal Dispute Reports ‘Encouraging’

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Around 87% of financial firms successfully submitted an internal dispute resolution report to ASIC between 1 January and 14 March 2024, as part of new data reporting requirements. The regulator says between 1 January and...

Cross-Industry Information Package on FAR Released

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New information to help banks, insurers and superannuation trustees prepare for the commencement of the Financial Accountability Regime has been published by ASIC and APRA, along with details of a consultation relevant to insurance...

Adviser Reprimanded for Failing to Give SoAs

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An ASIC Financial Services and Credit Panel has issued a reprimand to an adviser for failing to give Statements of Advice to five retail clients. A statement on the FSCP Outcomes Register says the Sitting...

Financial Literacy Workshop for High School Students Launched

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The FAAA has launched a nationwide financial literacy program aimed at high-school students, developing a simple but informative workshop that will teach young Australians important lessons about money and good financial decision making. The one-hour...

Intelligent Planning Welcomes NSW Risk Practice

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Boutique financial services group, Intelligent Planning, has welcomed NSW risk-focussed financial advice practice, Keyman Financial Services to the group. Intelligent Planning that says Windsor-based Keyman is headed up by principal, Terry Johnson. It was established...
AIA's 2024 adviser summit, Melbourne.

AIA Shares Plans for the Future

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Advisers attending the AIA Adviser Summit in Melbourne heard the firm is keen to work more closely with them, and has put more power into the hands of consumers. Sam Tremethick, AIA's Chief Retail &...

Financial Sector Regulatory Initiatives Grid for Better Coordination

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The Government will introduce a financial sector regulatory initiatives grid, which it says is to make sure the standard business of regulation is carried out in a more coordinated way. Minister for Financial Services, Stephen...

The Three Largest Advice Groups – Analysis

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As the larger adviser groups acquire and divest some of their licensees, Wealth Data has calculated which are now the three largest advice groups. The firm’s Colin Williams writes in his latest Financial Adviser Insights...