ASIC consults on risk management for responsible entities

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ASIC has released a consultation paper and proposed regulatory guidance on risk management practices for responsible entities in the managed funds sector. ASIC Commissioner Greg Tanzer said the need to standardise... Read more continue reading

FPA launches mandatory degree requirement campaign

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The Financial Planning Association (FPA) has launched an advertising campaign reminding financial planners that from 1 July 2013, it will be mandatory to hold an approved degree to become a... Read more continue reading

SPAA backs stricter definitions for advisers and planners

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The SMSF Professionals’ Association of Australia (SPAA) fully supports the Federal Government’s decision to restrict the use of the terms “financial planner” and “financial adviser”.   Under the new legislation,... Read more continue reading

AFA welcomes enshrining ‘financial adviser’ and ‘financial planner’

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The Association of Financial Advisers (AFA) welcomes the release of legislation into Parliament on enshrining the terms ‘financial adviser’ and ‘financial planner’ in law. “This Bill is about the understanding... Read more continue reading

FPA: Enshrinement of “Financial Planner”- historic day for Australians

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Sydney, 20 March 2013: The Financial Planning Association (FPA) has welcomed the government’s introduction of the legislation for enshrining the term “Financial Planner/ Adviser” into law today in Australia. Mark... Read more continue reading

SPAA raises concerns about new rules for related party transactions

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The SMSF Professionals’ Association of Australia (SPAA) has some concerns about the changes in the draft legislation aimed at tightening the rules relating to the acquisition and disposal of listed... Read more continue reading

ASIC seeks stakeholder feedback

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ASIC is seeking feedback from external stakeholders as part of its third stakeholder survey. “ASIC strives to be engaged with stakeholders so this survey is crucial for us. The information... Read more continue reading

AFA: What consumers really want from their advisers

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What financial advice clients really want from their advisers is a strong professional relationship. This is one of the findings of New Frontiers, a white paper which assessed the views... Read more continue reading

ASIC consults on managed discretionary accounts

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ASIC has announced it is reviewing its guidance and regulation of managed discretionary accounts (MDAs). Consultation Paper 200 Managed discretionary accounts: Updates to RG 179 (CP 200) outlines proposed changes to... Read more continue reading

AFA Cautious on ASIC’s Conflicted Remuneration Guidelines

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The Association of Financial Advisers (AFA) is cautious about the implications of Regulatory Guidance on Conflicted Remuneration as issued by ASIC late on Monday night, particularly when viewed in the... Read more continue reading