Competitions cause conflicts of interest for brokers

From

Competitions where insurers or underwriters reward broking staff with a ‘prize’ for meeting certain volume goals for quotes for business placed are rife with conflicts, whether the broker wins a

continue reading

Compliance obligations for bitcoin businesses

From

Bitcoin businesses should actively seek advice on whether their businesses are compliant, as there may be difficulty in applying existing Australian Financial Services (AFS) licensing laws, according to Claire Wivell

continue reading

AMP finds out what accountants are thinking about licensing

From

AMP’s SMSF Advice has debunked the commonly held view that for a typical accounting practice, the cost of establishing and maintaining a limited Australian Financial Services Licence (AFSL) is less

continue reading

ASIC releases information sheet about applying for a limited AFS licence

From

ASIC has released an information sheet to assist those intending to apply for a limited Australian financial services (AFS) licence. Information Sheet 179 Applying for a limited AFS licence (INFO

continue reading

ASIC consults on compensation requirements for traditional trustee company services

From

ASIC has released a consultation paper inviting feedback on its proposal regarding the administration of compensation requirements for trustee companies providing traditional trustee company services (traditional services) to retail clients.

continue reading

ASIC consults on dispute resolution requirements for traditional trustee company services

From

ASIC has released a consultation paper inviting feedback on its proposal regarding the administration of compensation requirements for trustee companies providing traditional trustee company services (traditional services) to retail clients.

continue reading

Training Requirements for Financial Planners

From

Legal requirements A financial planner is someone who provides personal advice to individuals and small businesses concerning financial strategies and products in areas such as superannuation, investment, insurance and personal

continue reading