All advice scaled in proposed ASIC guidanceBY MELANIE TIMBRELL | FRIDAY, 10 AUG 2012 12:25PMAll advice is considered scaled to some extent, according to ASIC's consultation paper released yesterday on key elements of the FOFA reform package. |
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Mercer rolls out new corporate super plan
Mercer Super has launched a new corporate superannuation plan for employers of all sizes called Mercer Business Super.
Australian Retirement Trust applies new investment exclusion
The mega super fund has added to its list of exclusions, to come into effect from July 1.
Insignia FUM grows by $11bn, completes platform migration
Insignia Financial has given a quarterly business update, seeing funds under management grow 3.9% to $312.3 billion.
Former Diverger managing director joins VBP
David Carney is stepping back from managing Vital Business Partners (VBP), appointing Nathan Jacobsen to take over as chief executive.
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Why advisers should consider offering general insurance to HNW clients
I have read many articles over the years about servicing high-net-worth (HNW) clients in the financial services industry.
The role of AI in financial planning: Insights from the US
Ever since ChatGPT burst onto the scene late last year, generative AI has been front and centre of business discussions and financial planning, just like ...
Considerations when nominating a charity for your super upon death
There has been a lot of talk lately about the upcoming great wealth transfer, and you might be wondering where charities fit into all this.
The end of free money
With institutional investors prudently reassessing their risks in current market conditions and seeking safe havens in alternatives such as secured private ...
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Robert De Dominicis
CHIEF EXECUTIVE OFFICER
GBST HOLDINGS LIMITED
GBST HOLDINGS LIMITED
It was during a family sojourn to the seaside town of Pescara, Italy, Rob DeDominicis first laid eyes on what would become the harbinger of his future. Andrew McKean writes.
If a client doesn't want super advice and only insurance advice that is their choice (obviously a choice that needs to be documented). Surely an adviser can only satisfy a best interest obligation in an area where they have been engaged by a client.
When we see a solicitor about conveyancing are they compelled to provide advice on wills and how to divorce our wife at the same time? Have they failed their best interest duty if they haven't?
The whole argument seems absurd and wouldn't be an issue if there weren't the intra-fund advice carve out - cosy arrangement for some...
At least we can all feel re-assured that when this is finally over our super will be totally controlled by the unions and industry funds and there will be no chance of corruption.