compliance

Policy & Regulation

Advisers need to avoid regulator 'radar'

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

Compliance continues to be top adviser challenge

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 acquires compliance and documentation provider

Class has acquired Smartcorp for $4.2 million with the transaction to be completed by 20 August....

Financial planning

Why terminating an AR may be good business

Those looking to acquire advice firms may be well-advised to terminate advisers if they have questionable regulatory compliance histories....

Financial planning

Impact of reforms on planners is ‘catastrophic’

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 expands compliance team

Lifespan Financial Planning has announced it will expand its compliance team with two new hires, Anna Mirzoyan and Aaron Beyer....

Financial planning

Westpac pledges three streamed approach to rectifying AUSTRAC scandal

The bank’s chief executive told its annual general meeting that it would recruit 200 people in compliance and financial crime areas....

Financial planning

Licensees face potential court action of FDS failures

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

Licensees granted three years grace on planner compliance

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...

Policy & Regulation

ASIC urges companies improve compliance risk management

The Australian Securities and Investments Commission has urged a ‘sense of urgency’ be applied by companies to their non-financial risks, including compliance risk. ...

People & Products

IOOF appoints chief risk officer

IOOF has appointed Amanda Noble as chief risk officer in a newly-expanded role. ...

Policy & Regulation

AMP signals compliance with new APRA conditions

The Australian Prudential Regulation Authority has imposed new conditions on AMP’s superannuation businesses including board renewal and removal of conflicts of interest....

Financial planning

ASIC wraps up CBA compensation compliance checks

ASIC has released the final report on the Commonwealth Bank’s compliance with additional licence conditions that were imposed regarding advice compensation, written by Ko...

Financial planning

Risk, compliance professionals in high demand

There is more demand for risk and compliance professionals than any other role in wealth management, according to SUPER Recruiters’ executive director. ...