Life is about balance – a lesson for industry and government

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Connect Financial Service Brokers (Connect) CEO Paul Tynan says that through all the commentary and opinions currently being expressed by industry in relation to the Federal Government’s proposed changes to... Read more continue reading

ASIC updates disclosure guidance for shorter PDSs

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After full commencement of the shorter Product Disclosure Statement (PDS) regime in June 2012, ASIC has reviewed a sample of shorter PDSs for superannuation and simple managed investment schemes. Our... Read more continue reading

ASIC’s next generation market surveillance system commences

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ASIC’s new market surveillance system is in operation. Known as MAI (Market Analysis Intelligence), the system enables ASIC to better detect, investigate and prosecute trading breaches. Commissioner Cathie Armour said... Read more continue reading

ASIC speeding up licensee complaints process

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Recent changes to Regulatory Guide 165 (RG165) mean Australian Financial Services Licensees (AFSL)s must now acknowledge client complaints immediately, regardless of the form in which they are given, and resolve... Read more continue reading

ASIC releases report on emerging market issuers

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Following the high profile collapse of some emerging market issuers overseas ASIC has undertaken a review of these types of entities here in Australia. Our review has not identified at... Read more continue reading

Australia’s ‘Year of Uncertainty’ weighs heavily on business

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Banking & finance sector struggling to find clarity in murky regulatory waters It seems that forewarned is far from forearmed for Australian organisations, which have ranked uncertainty due to regulatory... Read more continue reading

FoFA Delivers Positive Industry Evolution

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Seaview Consulting Directors Bob Neill and David Fotheringham are of the opinion that contrary to much of the angst amongst dealer groups and advisers, FoFA is in reality a catalyst... Read more continue reading

IRESS delivers Australia’s preferred solution for FoFA fee disclosure

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Advice businesses representing more than 8,000 advisers have embraced IRESS’ XPLAN-­‐CommPay solution to meet Fee Disclosure Statement (FDS) obligations imposed by the Future of Financial Advice (FoFA) reforms. Amongst these... Read more continue reading

The Fold: Helping Advisers Get on with FoFA Business

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As the start of the Future of Financial Advice (FoFA) reforms races towards us at headlong speed, there is an upswing in the number of advisers working on changes to... Read more continue reading

Advisers personally liable for breaches of Best Interests Duty

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Employed advisers who are authorised representatives can be held personally liable for serious breaches of the Best Interests Duty and may face up to $200,000 in fines once Future of... Read more continue reading