Large Corporate

Licensees need help identifying ‘high-risk’ advisers

Licensees need help identifying ‘high-risk’ advisers, says KPMG Source: Linda Santacruz – Friday, 05 May 2017 https://www.ifa.com.au/news Licensees need to find better ways to monitor and supervise their financial advisers, since ASIC found many audits are inadequate, KPMG has said. In March, ASIC announced it uncovered instances at the...

Read More

Crawling & Indexing

The journey of a search query starts before you ever type a search, with crawling and indexing across thousands or millions of your structured and unstructured data sources (documents, emails, sql, Hadoop etc.). These processes lay the foundation — they’re how we gather and organise information about your data...

Read More

ASIC finds advice failures at major instos

The corporate regulator has announced it found several instances at major financial institutions where customers were wrongfully being charged for financial advice. ASIC released today the Financial advice: Fees for no service report on its work to address financial institutions’ and advisers’ systemic failures. As part of its Wealth...

Read More

Managing enterprise GRC and big data

Managing risks that affect the business is a fundamental activity, as these risks influence an organisation’s performance, reputation and future success. With this, the enterprise governance, risk & compliance (GRC) framework is steadily becoming an integral and vital element for enabling financial institutions to operate profitably and effectively. In...

Read More

Ethics and education are important, but compliance is the biggest weakness in the advice industry

Proposed changes to licensee remediation programs flagged by ASIC early in 2016 will have major effects on many dealer groups’ already overstretched compliance teams, according to a leading advice industry consultant. In an interview with financialobserver, Reddacliff Consulting principal Tom Reddacliff said the corporate regulator’s proposal that licensees be...

Read More

Driving better consumer outcomes in financial advice

Adopting better self-regulation was the key to improving trust and driving better consumer outcomes in financial advice, according to one industry veteran and consultant. Speaking to financialobserver, Tom Reddacliff, a former FPA general manager and now executive director at compliance firm Frisk Retrieval, said only a complete overhaul of...

Read More

What is actually in the best interests of advisers?

From Tom Reddacliff, former general manager of the FPA and executive director at Frisk Retrieval. I have read with interest recent comments from the Association of Independently Owned Financial Professionals (AIOFP) and the Life Insurance Customer Group (LICG) that the FPA and the Association of Financial Advisers (AFA) don’t...

Read More

Contact Us

180 Flinders St ADELAIDE SA 5000
PO Box 879, UNLEY BC SA 5061

Phone: 1300 43 33 11
Email: mail@frisk.com.au

180 Flinders St ADELAIDE SA 5000
PO Box 879, UNLEY BC SA 5061

p: 1300 43 33 11
e: mail@frisk.com.au

Enquiry

  • This field is for validation purposes and should be left unchanged.