The regulator is coming down harder on businesses with compliance culture’s that are lacking, and this could represent a challenge for some brokers.
In the aftermath of a company sale, staff retention becomes a lot harder but it can be done, as a broker-facing business management expert explains.
Sheila Baker, managing director of HR and compliance consultancy Gold Seal Practice Management, talks about loosening brokers' purse strings, stamping out tick-box exercises in financial regulation, and dinner with Ita Buttrose.
It’s been more than 100 days since the Privacy Amendment Act came into effect but how are intermediaries coping with what is now required of them? A compliance consultancy shares its observations.
An organisation that works closely with brokers on compliance say the majority of brokers do not have business plans even though this responsibility is implied by regulation.
Research shows that staff taking leave and keeping up-to-date with technology and left brokers stressed and confused last year.