by Adviser Ratings
The AFA has intensified it efforts to further delay the proposed FASEA Code of Ethics and will argue such at a meeting with the Authority today. According to the AFA, of particular concern is Standard 3 of the Code, which relates to “conflict of…
by Adviser Ratings
Banking giant CBA is currently engaged in consultation with its advisers regarding redundancies for many of its Commonwealth Financial Planning advisers and other advice related positions. This next round of advisers being cut from the bank comes…
by Adviser Ratings
Maybe it's because the Christmas break is rapidly advancing on us, but recently we’ve had a spike in advisers asking us how to make the most of their Adviser Ratings profile. There are two very simple things you can do: Get Reviews and share your…
by Adviser Ratings
Consultations between FASEA and representatives of the advice industry this week saw criticism raised from several quarters, including from the industry associations and the licensee community. FASEA CEO, Stephen Glenfield, defended the Code of…
by Adviser Ratings
Questions remain regarding the implementation of FASEA’s code of ethics, with adviser groups continuing to push for a delay to the January 1st starting date because of key issues that are yet to be clarified. Meanwhile, ASIC announced that licensees…
by Adviser Ratings
Technological innovation in the financial services industry has been mooted as one way to increase efficiency and reduce cost. Here we highlight the progress and expansion of several of these solutions that are being developed in the financial…
by Adviser Ratings
Another major bank is facing massive financial penalties for falling foul of Australia’s financial intelligence agency AUSTRAC, which launched legal action against Westpac on Wednesday. AUSTRAC alleges "systemic non-compliance" with the Anti-Money…
by Adviser Ratings
The major advice member associations, the FPA and AFA have continued their calls for a delay in the implementation of the FASEA ethics code, which is due to take effect on January 1 next year. With further guidance around the code resulting from…
by Adviser Ratings
The repercussions from Westpac’s alleged breaches of laws aimed at hindering criminal money laundering and the financing of terrorism have included chief executive stepping down from the position as well as senior board members leaving their posts…