Category | Compliance & Regulation

TAL Announces Regtech Solution for Phone-Based Sales Calls

Life insurer TAL has partnered with Deloitte to deploy a regtech solution which it states is part of its ongoing commitment to ensuring positive consumer outcomes. (more…)

Continue Reading
0 · November 19, 2019 in Company News, Compliance & Regulation, Services, Technology  

FASEA Exam Results Not Inspiring Confidence

The high pass rate experienced in the first two FASEA Adviser Exam series doesn’t necessarily appear to have bolstered confidence among many advisers who are yet to sit the exam. (more…)

Continue Reading
2 · November 19, 2019 in Compliance & Regulation, Polls  
191119-ASIC

CommInsure Pleads Guilty to Hawking Offences

CommInsure has pleaded guilty this week to 87 counts of offering to sell insurance products in the course of unlawful, unsolicited telephone calls. (more…)

Continue Reading
· November 19, 2019 in Company News, Compliance & Regulation  

ASIC Confirms Relief From Compliance Scheme Obligations in Effect

ASIC has taken action to provide certainty to Australian financial services licensees that they will not be in breach of the law because their financial advisers were not able to register with an ASIC-approved compliance scheme by 1 January 2020, as originally required. (more…)

Continue Reading
0 · November 15, 2019 in Compliance & Regulation  
iStock-1133383903

Latest APRA Claims Data Reinforces Adviser Value

Latest APRA claims data continues to reinforce the value of financial advisers when the rubber hits the road. (more…)

Continue Reading
1 · November 15, 2019 in Claims, Compliance & Regulation, General  
iStock-607760076

Latest Poll – High FASEA Exam Pass Rate

We’re keen to establish your confidence level around passing the FASEA Adviser Exam. (more…)

Continue Reading
0 · November 12, 2019 in Compliance & Regulation, Polls  
iStock-1029895804

No Changes to Adviser Exam Difficulty – FASEA

FASEA has confirmed the September 2019 round of its Financial Adviser Exam was ‘no more difficult’ to pass than its initial June exam series. (more…)

Continue Reading
1 · November 12, 2019 in Compliance & Regulation  
iStock-1057122384

AFA Launches Stinging Criticism Around FASEA Code of Ethics

The AFA has launched a blistering critique of FASEA’s Code of Ethics ahead of its meeting with the Authority this week. (more…)

Continue Reading
2 · November 12, 2019 in Associations, Compliance & Regulation  
iStock-905393092

ASIC Bans Queensland Adviser

ASIC has banned Queensland financial adviser, Mark Rothnie, for three years for failing to act in the best interests of his clients and for failing to provide appropriate advice. (more…)

Continue Reading
0 · November 8, 2019 in Compliance & Regulation, Practice Management  

ASIC Takes Action Against Super Trustee

ASIC has commenced action in the Federal Court in South Australia focused on the promotion of the MobiSuper Fund, a division of the Tidswell Master Superannuation Plan (Fund). (more…)

Continue Reading
2 · November 7, 2019 in Compliance & Regulation, Superannuation