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Showing 1 - 10 of 529 results for "Future of Financial Advice"

Financial Standard kicks off Power50 voting

JAMIE WILLIAMSON  |  MONDAY, 21 AUG 2023
... 'influential' as individuals who have been, or continue to be, instrumental in shaping the future of financial advice in Australia. These are financial advisers who have actively participated in industry-based activities, community-based projects ...

Advisers service 120 clients on average

KARREN VERGARA  |  TUESDAY, 25 JUL 2023
... financial advice. More than half (54%) of investors aged 65 and over believe that ChatGPT could be the future of financial advice.

CFS settles super fees class action

JAMIE WILLIAMSON  |  FRIDAY, 14 JUL 2023
... is despite the charging of commissions on new superannuation accounts being banned in 2013 under the Future of Financial Advice reforms. The action, which has been ongoing since October 2019, said CFS had the power at the time to reduce the fees or transfer ...

Investors trust ChatGPT for advice

KARREN VERGARA  |  MONDAY, 26 JUN 2023
... also revealed that about half (54%) of UK investors aged 65 and over believe that ChatGPT could be the future of financial advice. Using OpenAI's latest tool GPT4, a separate study by German academics found it provides financial advice on par with ...

BT to wind up Retirement Wrap

JAMIE WILLIAMSON  |  FRIDAY, 24 MAR 2023
... members, through to 2020. The issue was the premiums included commissions which were banned under the Future of Financial Advice reforms in 2013. BT Funds Management was fined $20 million by the court.

QAR does not "trash" FoFA: Anderson

CASSANDRA BALDINI  |  TUESDAY, 7 MAR 2023
The Quality of Advice Review's final report (QAR) does not "trash" or go against the Future of Financial Advice (FoFA) reforms, says Association of Financial Advisers (AFA) chief executive Philip Anderson. Labeling QAR "the most important review of ...

Vote now in 2022 FS Power50

CASSANDRA BALDINI  |  MONDAY, 15 AUG 2022
... 'influential' as individuals who have been, or continue to be, instrumental in shaping the future of financial advice in Australia. This year, Financial Standard received 180 nominations for the FS Power50, including trailblazers from across ...

Suncorp agrees to super class action settlement

JAMIE WILLIAMSON  |  TUESDAY, 26 JUL 2022
... commissions to advice licensees that would otherwise have been unlawful or unenforceable under the Future of Financial Advice reforms which came into effect 1 July 2013. The plaintiff, Kerry Michael Quirk, and each of the group members were said to have ...

Wealth industry on the cusp of evolution: Report

CASSANDRA BALDINI  |  TUESDAY, 28 JUN 2022
... new era, there are still some signs of gaps in our national market. "In Australia, as we noted in our Future of Financial Advice publication, regulatory reform and adviser qualifications added to the cost of advice, widening an already large advice gap. ...

AMP wants life insurance caps raised, fees lowered

CASSANDRA BALDINI  |  MONDAY, 27 JUN 2022
... picked at old wounds in its submission to the treasury review, arguing increased costs brought on by the Future of Financial Advice (FoFA) and the federal government's Life Insurance Framework has impacted both consumers and advisers. According to the ...
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