Compliance

Compliance Articles

SIMON BETCHLEY , JARRAD GRAY | Comments | FRIDAY, 26 FEB 2021

The minute the current fee-disclosure statement (FDS) and opt-in requirements became law, advisers across the country hung their heads in the knowing that this was going to add nothing to their client ... The ... Read more

Outsourcing and obligation

ALEXA BOWDITCH | Comments | FRIDAY, 18 SEP 2020

In times like these, can a business be confident that it will continue to comply with its obligations where it has outsourced certain functions? This paper explores strategies that a business can implement ... In ... Read more

The impact of complaints

ANGELIQUE AKSENOFF | Comments | FRIDAY, 11 SEP 2020

As at 30 June 2020, the Australian Financial Complaints Authority (AFCA) had received 80,546 complaints, of which 78% were closed, and $258.6 million paid in compensation. Complaint areas and associated ... As ... Read more

Actions needed for funds to manage liquidity risks

JON IRELAND | Comments | FRIDAY, 10 JUL 2020

In response to recent market volatility and disruption, investment fund issuers and their boards have been reminded of their governance and conduct obligations in light of emerging liquidity risks. In ... In ... Read more

Electronic signing in a pandemic

LUKE PATERSON , ROBERT MACREDIE | Comments | FRIDAY, 19 JUN 2020

The global response to the coronavirus (COVID-19) pandemic has resulted in many ordinary business dealings now being undertaken remotely due to social distancing protocols and border shutdowns. The resulting ... The ... Read more

Safe harbour in the era of COVID-19

GAVIN STUART | Comments | FRIDAY, 29 MAY 2020

People who are employees, customers and clients of many small businesses across the country have retreated into their homes for both work and self isolation. Businesses have been the subject of federal ... People ... Read more

The state of accountability regimes

LYNDA DOWLING | Comments | FRIDAY, 28 FEB 2020

It may have been over 10 years since the global financial crisis (GFC) unfolded, but the regulatory and political fallout is still driving change for the financial services sector. The UK was at the ... Read more

Debatable ethics

ELIZABETH MCARTHUR | Comments | FRIDAY, 15 NOV 2019

A debate is raging about what the Financial Adviser Standards and Ethics Authority's Code of Ethics means for ESG investing and advising clients on ethical investment options, with FASEA chief executive ... A ... Read more

The shades of grey in the managed accounts world

PETER TURBACH | Comments | FRIDAY, 7 JUN 2019

There has been a lot of attention by the law makers and the regulators over the last few years in the advice business. Specifically in the managed accounts world, we have seen an impact from FOFA, the ... There ... Read more

Everything you need to know about best interests duty

CLAIRE WIVELL PLATER , SONIA CRUZ | Comments | FRIDAY, 19 OCT 2018

There are four things that you need to do after 1 July 2013 when providing personal advice to retail clients - in addition to the disclosure requirements. The four things include (note: the italicised ... There ... Read more

Looking ahead to possible reforms

VINCE BATTAGLIA | Comments | FRIDAY, 20 JUL 2018

Possible law reforms are on the agenda following the conclusion of the second round of hearings of the Financial Services Royal Commission. We identify the trends arising from the Royal Commission and ... Possible ... Read more

Continuing professional development for financial product advisers

PAM MCALISTER | Comments | MONDAY, 1 JAN 2007

One of the policy objectives of the financial services licensing regime is to ensure the competency of the licensee and its representatives to provide the financial services authorised under an Australian ... One ... Read more

Do you need PI cover?

JOHN BASSILIOS , HARRY NEW | Comments | MONDAY, 1 JAN 2007

A new regulation has been recently introduced in relation to AFSL holders' compensation requirements under section 912B of the Corporations Act while ASIC has released a consultation paper on how ... A ... Read more

ASIC and Westpoint: The mechanics of a collapsing mezzanine

GERARD MAGNER , MELANIE YOUNIS | Comments | TUESDAY, 1 JAN 2008

The collapse of the Westpoint group and the loss of many millions of dollars of investors' funds has been the subject of much publicity. ASIC has recently announced that it will commence legal action ... The ... Read more

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HNWs change views on advice ELIZABETH MCARTHUR \| 12:13PM New research from Investment Trends has revealed that high-net-worth investors in Australia have changed their view of professional financial advice since the pandemic.	Research reveals true value of advice KARREN VERGARA Unadvised Australians are open to receiving financial advice, according to an IOOF survey, which also highlighted the qualitative benefits that improve lifestyles and overall wellbeing.

ESG managed accounts on the rise ANNABELLE DICKSON Financial advisers are turning to managed accounts when looking to implement responsible investment solutions for their clients, new research shows.	Count snaps up three former MLC firms ELIZABETH MCARTHUR Three former MLC firms are joining Count Financial, as its network of financial advice businesses continues to expand.

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No shame in dreaming

VICTORIA DEVINE
MANAGING DIRECTOR
ZELLA WEALTH PTY LTD

The podcast She's on the Money has become a personal finance juggernaut and catapulted its founder and Zella Wealth director Victoria Devine into the public eye. But she doesn't want to make it all about her, instead she's focused on the power of money to change lives. Elizabeth McArthur writes.

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