Fiduciam Compliance in Helensvale, Queensland | Consultation agency

Fiduciam Compliance

Locality: Helensvale, Queensland

Phone: +61 406 431 958

Address: 5/64 Siganto Drive 4212 Helensvale, QLD, Australia

Website: http://www.fiduciamcompliance.com.au

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25.01.2022 Fiduciam, its Latin for trust and in the current environment that financial planners and licensees face, you need to be able to work with someone you can trust. Our focus is providing coaching and mentoring to licensees and financial advisers to improve the quality of their advice and their compliance frameworks. We would love to be able to help you and your business.

25.01.2022 We mentioned recently that we have been working with a licensee to conduct peer reviews. The advice we have been reviewing reminded me about a blog post I made some time ago which is still relevant. https://www.fiduciamcompliance.com.au/?p=458

24.01.2022 Breaking news - the Treasury Laws Amendment (2019 Measures No. 3) Bill 2019 which included the 12 month extension to the FASEA exam and 2 year extension to the education requirements has been passed. This means that you now have until the 1st of January 2022 to pass the exam and until the 1st of January 2026 to complete your required qualifications.

23.01.2022 We’ve recently been asked about options for ongoing professional development for self licensed advisers. As a team, we have extensive experience in facilitating PD Days and Webinars to meet your CPD requirements. Our questions to you are: 1. Is this something you’re looking for?... 2. What content would you like to see? Drop us a line with your thoughts.

22.01.2022 This is a great move and one that is long overdue. https://www.moneymanagement.com.au//afca-forced-change-its

22.01.2022 RG256 provides specific guidance on how licensees should framework and conduct remediation programs. At the smallest scale, remediation is completed post advice reviews. At a large scale it is conducted across the licensee. Our team can help with remediation programs that meet RG256.

20.01.2022 ASIC has just released the new RG271 - Internal Dispute Resolution which supersedes RG 165. RG271 takes effect from October 2021, but it is important to understand how it affects your policies and processes. For most of our clients the biggest change is a reduction from 45 calendar days to 30 for the complaint response.... Let us know if you need assistance in reviewing your processes sooner rather than later.

20.01.2022 https://www.professionalplanner.com.au//asic-oks-super-fu/ This recent article from Professional Planner highlights the added responsibility that Licensees have in monitoring their representatives. This is not something new, as the previous head of compliance for various AFSLs, product providers often ask for an attestation as part of annual compliance around agreements.... What it does mean is that your licence needs to have robust monitoring and supervision programs so that you can sign off on attestations honestly. If you want to have your monitoring and supervision programs reviewed, please feel free to contact us.

19.01.2022 Are you looking for someone to help prepare advice documents for you? Fiduciam Compliance can prepare your Statements of Advice and Records of Advice at competitive rates. Talk to us today about how we can help you

18.01.2022 After only being in existence for a few short years we now see the functions of FASEA being rolled into other Regulatory Bodies https://www.moneymanagement.com.au//fasea-scrapped-and-wil

17.01.2022 Recently we commenced a peer review project with a client. The feedback from their compliance team has been awesome as it provides them with valuable feedback on areas they may have overlooked when determining compliance with the Best Interest Obligations. It leads me to ask the question, when was the last time you had your compliance team peer reviewed? Talk to us about our competitively priced peer review program.

17.01.2022 If you run your own AFSL and also provide advice, how do you independently assess whether the advice you are providing is appropriate to your clients? We see from recent action taken by the regulator that the focus is still on the best interest obligations. These obligations dont stop at the safe harbour, they extend to the best interest duty under s961B, reasonable investigations under s961D, advice that is appropriate and "fit for purpose" under s961G and the conflicts pr...iority rule under s961J. Sometimes when we read our own advice we have blinkers on so it is important to have a third party test your advice and provide practical guidance on how to meet these obligations. If you are looking for a third party to review your advice and provide you with practical advice on how to meet your obligations, please contact us.

08.01.2022 https://www.moneymanagement.com.au//asic-reinforces-know-y Any financial planners who also offer mortgage broking services will be well in advance of this concept.

05.01.2022 At Fiduciam Compliance we like to partner with industry leaders and will share their views on changes in the industry. See the latest blog from #TheFoldLegal about the new RG271 on complaints handling and dispute resolution. https://lnkd.in/gk-6NJV Talk to us about if you need to review your policy to ensure it complies with the changes.... #compliance #regulation #riskmanagement

01.01.2022 Reading an article in Professional Planner this morning and there is more reason for lobbying of our politicians about what further changes to commissions on insurance would do to affordability and accessibility of advice for mums and dads. I suggest, as the Mortgage Broking Industry did, that you contact your local member and ensure this thinking that is outlined by the Labor MP Stephen Jones, goes no further. https://www.professionalplanner.com.au//insurance-commiss/