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COMPLIANCE
Financial planning
The Australian financial services industry is expected to spend more than $3 billion on financial crime compliance this year due to increased staff hiring and the increas...
Financial planning
Licensees should ensure they pre-vet any advice given, according to Fourth Line, as it is no longer acceptable to conduct retrospective audits....
People & Products
ClearView Wealth has appointed former Cloe Reece as chief risk officer, who has worked in compliance at all of the Big Four banks. ...
Financial planning
Self-licenced advisers are optimistic about the future despite industry challenges including the exodus of experienced practitioners and the time-consuming compliance reg...
Financial planning
While firms are seeing client enquiries increasing, it is crucial they work with clients who will ensure it is a mutually-beneficial relationship....
Financial planning
Business growth has been challenged by regulatory noise, and statements of advice are the most burdensome compliance regime, according to a panel....
Policy & Regulation
Financial advisers need to make sure all their new regulatory requirements are in place by October to avoid any scrutiny from the regulators, even if they aren’t receivin...
Financial planning
The most burdensome compliance-related task for advisers are file noting and data collection at the fact-find stage, according to a report. ...
People & Products
Class has acquired Smartcorp for $4.2 million with the transaction to be completed by 20 August....
Financial planning
Those looking to acquire advice firms may be well-advised to terminate advisers if they have questionable regulatory compliance histories....
Financial planning
After two decades of stress and pressure from reforms, planners are now facing their own economic uncertainty as many will exit the industry in the new year, according to...
People & Products
Lifespan Financial Planning has announced it will expand its compliance team with two new hires, Anna Mirzoyan and Aaron Beyer....
Financial planning
The bank’s chief executive told its annual general meeting that it would recruit 200 people in compliance and financial crime areas....
Financial planning
The Australian Securities and Investments Commission has foreshadowed court action in the wake of a review of fee disclosure statements and renewal notices which uncovere...
Policy & Regulation
The Australian Securities and Investments Commission has granted planning licensees a three-year exemption from the requirements to have planners sign up to a code-monito...
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So we are now underwriting criminal scams?...
Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...
Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...