Category | Compliance & Regulation


2019 Tougher for Risk Advice Businesses

The results from our latest poll suggest most advisers and their practices will do it tougher in 2019, as year two of the Life Insurance Framework reform processes get rolling. (more…)

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1 · January 14, 2019 in Compliance & Regulation, Polls, Remuneration  

AFA Critical of FASEA Professional Standards Package

The Association of Financial Advisers has registered its strong dissatisfaction with multiple elements associated with the new professional standards requirements proposed to be implemented by FASEA. (more…)

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5 · January 14, 2019 in Compliance & Regulation  

FASEA Latest

The Financial Adviser Standards and Ethics Authority released a raft of statements just before Christmas which updated the sector on areas including future CPD requirements for advisers, newly approved degree courses and requirements for new entrants into the advice sector: (more…)

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3 · January 8, 2019 in Compliance & Regulation  

Greater Recognition of Experience Needed in Education Model – AFA

The education pathways for existing advisers proposed by FASEA need to take into greater consideration the experience of older advisers as well as any Continuing Professional Development (CPD) they have attained, according to the AFA. (more…)

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2 · December 18, 2018 in Associations, Compliance & Regulation, Training  

Landmark Joint Code Monitoring Initiative Announced

In what has been described as a ‘defining moment’ for the financial advice profession in Australia, six major professional associations have announced the establishment of a joint code monitoring cooperation agreement. (more…)

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1 · December 18, 2018 in Compliance & Regulation  

Latest Poll – Life Insurance Framework Update

As the life insurance industry forges head-long into uncharted territory next year, we’d like to know where you stand after twelve months into the three-year Life Insurance Framework reform transition period. (more…)

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5 · December 18, 2018 in Compliance & Regulation, Polls, Remuneration  

ASIC Seeks Court Order Over AMP Fee Documents

ASIC has taken legal action against a major law firm which has refused to hand over documents relating to the regulator’s investigation into fees for no service (FFNS) conduct carried out by AMP. (more…)

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0 · December 18, 2018 in Company News, Compliance & Regulation, Products, Services  

Advisers Will Have Limited Feedback on Exam Performance

Financial advisers will be given three hours to answer 70 questions in the proposed FASEA Adviser Exam but will only be provided with limited feedback on their answers if they fail. (more…)

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7 · December 14, 2018 in Compliance & Regulation, Training  

Associations Must Apply For Designation Accreditation – FASEA

The Financial Adviser Standards and Ethics Authority (FASEA) has invited industry associations to apply for accreditation of their professional designations so advisers can gain credits for the recognition of prior learning. (more…)

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0 · December 12, 2018 in Associations, Compliance & Regulation, Training  

AFA Questions FASEA View of Advisers

FASEA’s view of financial advisers has been questioned by the AFA which has asked the education body why new Continuing Professional Development (CPD) standards have ethics training occupying nearly twice the time allocated to professional and technical reading. (more…)

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4 · December 11, 2018 in Associations, Compliance & Regulation, Training