code

Life/Risk

FSC increases consumer protections in Life Code

The Financial Services Council has announced further consumer protections for the Life Insurance Code of Practice. ...

Financial planning

The Australian Securities and Investments Commission’s most senior financial planning executives cited advice they had given to the chair of the Financial Adviser Standar...

Financial planning

ABA announces temporary code changes

The Australian Banking Association has announced two temporary changes to the Banking Code of Practice, which have been approved by the corporate regulator....

Financial planning

FASEA code cited as differentiator between advice and sales

Capital Partners founder, David Andrews has backed the FASEA regime and the code of conduct as key differentiators between those giving advice and those flogging products...

Policy & Regulation

ASIC calls for insurance code enforcer

Insurance inside superannuation needs a properly resourced code administrator with sanction powers, according to the Australian Securities and Investments Commission....

Financial planning

70% of advisers suspicious of code

More than 70% of financial advisers have expressed doubts they can adhere to the Financial Adviser Standards and Ethics Authority code of conduct as it currently exists....

Financial planning

Advisers question AFCA/FASEA board links

In the aftermath of the Australian Financial Complaints Authority outlining its approach to the Financial Adviser Standards and Ethics Authority code of ethics, questions...

Financial planning

FASEA sets consultation date on code

The Financial Adviser Standards and Ethics Authority will start its first consultation on the Code of Ethics on 12 November....

Life/Risk

FSC looks to extend code to all “distributors”

The Financial Services Council wants to extend its insurance code of conduct to “all life insurance distributors”....

Policy & Regulation

Royal Commission should recommend an industry code

The Finance Sector Union is arguing that the existing financial services regulatory regime has been found wonting and that the Royal Commission needs to recommend impleme...

Financial planning

Changes to accounting ethics standards forcing industry change

As the Financial Adviser Standards and Ethics Authority considers a new ethics standard for all advisers, the accounting sector reflects on industry change following the ...

Superannuation

PJC report highlights importance of Insurance in Super code

Yesterday’s report from the Parliamentary Joint Committee (PJC) Life Insurance Inquiry reinforces the importance of the Insurance in Superannuation Voluntary Code of Prac...

People & Products

FSC and FOS appoint new Code chair

The Financial Services Council and the Financial Ombudsman Service have appointed a former ASK risk specialist as chair of the Life Code Compliance Committee....

Policy & Regulation

ASIC not expecting to enforce codes

The Australian Securities and Investments Commission has said its role is to endorse, not enforce industry codes of conduct with enforcement being a role for industry ass...