Page 46 - Peter Johnston News Today

НУР-СУЛТАН. КАЗИНФОРМ – В нашей стране уже через месяц состоится крупное соревнование Женской теннисной ассоциации (WTA), передает МИА «Казинформ» со ссылкой на пресс-службу Федерации тенниса Казахстана.

An industry body has criticised the corporate regulator for refusing to publicly release submissions made to its advice affordability consultation, saying they are likely to be “heavily critical” of ASIC’s enforcement approach to the advice sector.

The new 120m pontoon can accommodate 10-12 vessels

Asendium signs on as partner for ifa Future Forum 2021 Asendium is the latest to be announced as a partner of the 2021 ifa Future Forum. A A Going ahead in Sydney this October, the free one-day conference will bring together industry experts, thought leaders, peers and regulatory bodies to discuss accessibility and affordability in the advice sector and innovation within the industry. “Asendium is excited to join this year’s ifa Future Forum as a platinum partner to be a part of the discuss...

Industry body says ALP better for advisers over Coalition Industry body says ALP better for advisers over Coalition An industry body says it is in favour of a change in government as the Coalition has “unfairly targeted” financial advisers. A A In a communication to its members this week, the AIOFP said it believes an ALP government will more beneficial to the financial advice sector. “From 2007 until 2013 the ALP instituted the FOFA legislation which banned financial product commission b...

Peter Johnston, AIOFP executive director, said he wanted funding for the CSLR to act in the best interests of consumers by separating advice from product and called on the Government to fund it appropriately.  “Both [advice and product] were forcibly intertwined in the early 1990’s when the banks established their vertically integrated models – code for in-house advisers selling in-house products – an unfortunate event for consumers and the industry in general,” Johnston said.  �...

Midwinter to partner with 2021 Future Forum The newly-announced Future Forum will team up with Midwinter for its 2021 event. A A Going ahead in Sydney this October, the free one-day conference will bring together industry experts, thought leaders, peers and regulatory bodies to discuss accessibility and affordability in the advice sector and innovation within the industry. Midwinter chief commercial officer, Steve Davison, said the company is “delighted” to be involved in this year’s Futu...

“An adviser puts in the research, they will go through a due diligence process and that’s why we have approved product lists, and there is a certain amount of research that goes into that,” Osborne said. “If the product provider has been shielding things from the research process… unfortunately what has happened in the past is that the adviser has been held accountable.” Osborne said advisers had been held responsible for lack of disclosures by product makers, which the Australian S...

Industry body questioned over direct insurance tie-up Industry body questioned over direct insurance tie-up An advice industry body has been questioned over its advertising tie-up with a direct life insurer, which one practitioner has suggested may be tone-deaf when retail risk advisers are struggling with tough education demands and declining remuneration levels. A A Andreas Kettemann, director of Western Australian multidisciplinary practice Carbon Group, called out the FPA’s recent adverti...

It also said the issue of product failure should be recognised of the product issuer, not advisers, assuming all reasonable due diligence was carried out. Research houses and the Australian Securities Investments Commission (ASIC) should also take responsibility for the issue of documents such as product profiles and product disclosure statements of product providers. It also wanted the role of the licensee in providing administration and compliance assistance to be recognised and utilised to a...