Information flow changes course
Fresh off the back of the alienation of personal services income legislation and the Financial Services Reform Bill (FSRB), the financial services industry has yet another legislative amendment to contend with.
The Privacy Amendment (Private Sector) Act 2000 passed by the Federal Government last December will come into effect on 22 December, 2001.
The Act will create a stricter environment for the use and movement of information, causing planners to review methods and processes used in client relationships.
Recommended for you
With the highest number of candidates in a year sitting the latest financial advice exam, a surge of new entrants are expected in the coming weeks, according to Wealth Data.
AMP has launched a range of five diversified index managed portfolios on its North investment platform, targeting a younger client demographic.
An NSW adviser, who advised over 120 clients after falsifying her financial advice exam results, has been permanently banned by ASIC.
ASIC has released the results from the latest financial adviser exam, the first to be run since changes to its structure earlier this year.