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…
by Adviser Ratings
On Tuesday ASIC released a media statement regarding the role it expects licensees to take in monitoring advisers’ adherence to the new FASEA ethics code. The code will come into force on January 1st next year as scheduled, despite industry pressure…
by Adviser Ratings
FASEA chief executive Stephen Glenfield sat down with XY Advisers' Clayton Daniel to help clarify questions around the much analysed Ethics Code. He sheds light about responsibility for the make up of the FASEA board and code implementation…
by Adviser Ratings
ASIC continues there attempt to clarify their approach to regulation with statements at the FPA Congress that should ease adviser concerns, particularly around compliance to the ethics code beginning on January 1 next year. Meanwhile, at the same…