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Showing 91 - 100 of 261 results for "General advice"

Specialist advice businesses optimal: Barrett

ELIZA BAVIN  |  THURSDAY, 10 SEP 2020
... firms, that describe themselves as "retail financial planning firms", where there are multiple advisers offering general advice to mums and dads. "That model has worked quite well in the past and there are still people today who are successfully deploying ...

Regulatory, legal exam questions trip up advisers

ELIZABETH MCARTHUR  |  MONDAY, 3 AUG 2020
... unsuccessful candidates. The exam's testing of advice documentation requirements, the difference between personal and general advice, the Privacy Act and Anti-money Laundering Act were among the areas where advisers were most likely to underperform. ...

NULIS calls for clearer regulatory definitions

ELIZA BAVIN  |  FRIDAY, 24 JUL 2020
... is delivered. "Clearer regulatory definition of the scope of intra-fund advice with a clear distinction between general advice and comprehensive personal advice would support enhanced intra-fund advice offerings to members." NULIS said its current practice ...

Foreign exchange broker banned

ALLY SELBY  |  TUESDAY, 30 JUN 2020
... it said. "In finding that Marsh is not adequately trained or competent, ASIC found Marsh failed to provide the general advice warning when giving general financial advice and, on several occasions, provided personal advice." Earlier in the year, ASIC ...

AMP Life, AMP Capital fined

ELIZABETH MCARTHUR  |  TUESDAY, 17 MAR 2020
... members and 46 telephone calls made in accordance with scripts. ASIC also alleges that CFSIL failed to provide a "general advice warning" during the telephone calls.

ASIC drags CFS to court over MySuper

ELIZABETH MCARTHUR  |  TUESDAY, 17 MAR 2020
... members and 46 telephone calls made in accordance with scripts. ASIC also alleges that CFSIL failed to provide a "general advice warning" during the telephone calls. "It is notable that a total of 8605 members provided an investment direction keeping ...

MLC changes super fees, adds menu

KANIKA SOOD  |  WEDNESDAY, 11 MAR 2020
... Darren Stevens said. During the Royal Commission, it was revealed that MLC's Master had charged $67 million in general advice fees to MLC's MasterKey Personal Super products, despite the fact not all members were told clearly they could opt out ...

Banned advisers still working in advice: FPA

ELIZABETH MCARTHUR  |  MONDAY, 9 MAR 2020
... retail clients. The FPA wants to see the new measures applied to those employed or authorised by AFSLs to provide general advice, those with the responsibility or ability to influence the advice process and management and directorships including responsible ...

FASEA responds to concerns

ELIZABETH MCARTHUR  |  FRIDAY, 20 DEC 2019
... FASEA said the code only applies to relevant providers - not the broader business entity. 5. Does the code apply to general advice? FASEA said no, it only applies to financial advisers and provisional financial advisers providing personal financial advice. ...

18 misconceptions about FASEA code

ELIZABETH MCARTHUR  |  THURSDAY, 19 DEC 2019
... bad outcome compared to what? Less expensive advice that is not in the client's best interests?" Patterson said. General advice is not allowed under the code: On this point, Patterson said he can see that it is "semantically correct". Standard 7 is too ...