GRC Solutions partners with Stockbrokers and Financial Advisers Association



Following Kelly O’Dwyer’s announcement for the overhaul of conduct standards and competency requirements for advisers effective January 2019, the Stockbrokers and Financial Advisers Association (SAFAA) is partnering with specialist regtech firm, GRC Solutions, to assist it with the transition.
GRC Solutions would provide online courses to SAFAA members to assist with meeting new compulsory education requirements for new and existing advisers, supervision requirements, and preparation for the new industry-wide benchmark examination and code of ethics.
Practitioners who provided tax advice would also have courses specifically tailored to changed requirements.
SAFAA chief executive, Andrew Green, said the partnership would be a step up for the association to build on existing in-house training.
“This new e-learning partnership with GRC will provide members with access to courses that lifts the bar even higher,” he said.
Recommended for you
Results are out for the latest sitting of the ASIC financial advice exam with the pass rate falling for the second consecutive sitting.
Adviser losses for the end of June have come in 143 per cent higher than the same period last year, and bring the total June loss to over 350.
ASIC’s enforcement action is having an active start to the new financial year, banning a former Queensland financial adviser for 10 years in relation to fees for no service conduct.
ASIC has confirmed the industry funding levy for the 2024–25 financial year, and how much licensees can expect to pay.