Category | Compliance & Regulation

ClearView Pays-Up For Poor Life Insurance Advice

ClearView Financial Advice has offered $730,138 in financial compensation to 215 clients, following the completion of a review and remediation program for clients who received poor life insurance advice. (more…)

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0 · September 18, 2019 in Company News, Compliance & Regulation  

Latest Poll – Impact of Ban on Grandfathered Commissions

The ending of grandfathered investment and super commissions is a mess. While there may be commitment from the Government and the industry to address conflicted remuneration – for all the right reasons – its execution seems to be mired in a big bowl of porridge. (more…)

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7 · September 17, 2019 in Compliance & Regulation, Polls, Remuneration  

ASIC Grilled Over Due Diligence on Grandfathered Commissions

ASIC has been grilled by the Parliamentary Joint Committee on Corporations and Financial Services over what was implied to be its failure to clearly articulate the complexities – including the human costs – associated with the ending of grandfathered commission payments. (more…)

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14 · September 17, 2019 in Compliance & Regulation, Remuneration  

Grandfathered Commissions Ban Legislation Passes Lower House

The Government passed legislation through the House of Representatives last week to end the payment of grandfathered conflicted remuneration to financial advisers. (more…)

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1 · September 16, 2019 in Compliance & Regulation, Remuneration  

AMPFPA Takes Action Against AMP

Members of the AMP Financial Planners Association (ampfpa) are stepping up action to contest changes announced by AMP. (more…)

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1 · September 13, 2019 in Associations, Compliance & Regulation, Remuneration  

FASEA Extension Poll Results

Our latest poll results suggest the extension of the FASEA exam and qualifications deadlines appear to have been welcomed by many advisers. (more…)

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2 · September 10, 2019 in Compliance & Regulation, Polls  

ASIC Commences Court Action Against Select AFSL

ASIC has commenced civil penalty proceedings in the Federal Court against Select AFSL Pty Ltd (Select), BlueInc Services Pty Ltd (BlueInc), Insurance Marketing Services Pty Ltd (IMS) and director, Russell Howden, alleging breaches of the law arising from telephone sales of life and accidental injury insurance issued by St Andrew’s Life Insurance Pty Ltd under […]

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0 · September 10, 2019 in Compliance & Regulation  

The Consequences of Reform – AFA Call to Action

In a call to action, the AFA says all its members have a role to play in ensuring federal politicians understand the consequences of financial services reform. (more…)

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4 · September 6, 2019 in Associations, Compliance & Regulation  

Inaugural 2019 MDRT Global Conference

The biggest-ever conference for financial advisers is taking place in Australia this week, as the Million Dollar Round Table organisation rolls out its inaugural Annual Global Conference in Sydney. This four-day adviser event has welcomed eight thousand delegates from across the world – especially from the Asia Pacific region – delivering a packed program of […]

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· September 3, 2019 in Associations, Compliance & Regulation  

Latest Poll – FASEA Extensions

Our latest poll asks you to consider the impact of the proposed FASEA time extensions on your business. (more…)

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6 · September 3, 2019 in Compliance & Regulation, Polls