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Showing 91 - 100 of 393 results for "Personal advice"

Government divulges vision for superannuation

ANDREW MCKEAN  |  FRIDAY, 14 APR 2023
... it will adopt the Quality of Advice Review recommendation for a modified 'good advice' duty requiring personal advice to be both 'fit for purpose' and 'good'. However, with just 16,000 financial advisers and five million Australians ...

Digital advice association in the works

CASSANDRA BALDINI  |  TUESDAY, 11 APR 2023
... only definition," he said. "But we define digital advice very simply as the digital channel delivery of regulated personal advice." He said, in practice, this form of advice will often be delivered in a hybrid manner. "What you see happening is customers ...

Spark Financial Group launches digital investing solution

CASSANDRA BALDINI  |  WEDNESDAY, 5 APR 2023
... the general public, we are also building a strong, knowledgeable and engaged pipeline of clients who may require personal advice in the future," he said. "After gaining confidence and trust with Spark, we can connect investors to an adviser within our ...

February exam records 67% pass rate

KARREN VERGARA  |  MONDAY, 27 MAR 2023
... 'pass' and provided the altered document to ASIC. In the nine months that followed, Karamian provided personal advice to 11 retail clients when he was not authorised to do so. The next exam sitting will be held on 11 May 2023. Enrolments for ...

Advice group chief fakes exam result, banned

JAMIE WILLIAMSON  |  THURSDAY, 16 MAR 2023
... to a 'pass' and provided the altered document to ASIC. During the nine months that followed, Karamian provided personal advice to 11 retail clients when he was not authorised to do so. Karamian was deemed incompetent and not a fit and proper person to ...

Dodgy advice bill nears $5bn: ASIC

CASSANDRA BALDINI  |  FRIDAY, 10 MAR 2023
... institutions supervised their financial advisers to identify and deal with non-compliant advice. For example, personal advice provided to a retail client by an adviser who did not comply with the relevant conduct obligations in the Corporations Act ...

Super fund advice needs more guardrails: Conference

KARREN VERGARA  |  MONDAY, 27 FEB 2023
... added that it would be "nonsensical and stupid" that their super fund should not be able to provide them with personal advice during their life to assist them. In the final proposals released in February, Levy recommended amending the Corporations Act ...

Put controls in place for super funds: Associations

CASSANDRA BALDINI  |  THURSDAY, 9 FEB 2023
... Quality of Advice Review proposal (QAR) sitting before Treasury would give super funds the green light to provide personal advice to their members regarding their interests in the fund, including the transition to retirement. Michelle Levy explained ...

"A lawyer's picnic": QAR report slammed

JAMIE WILLIAMSON  |  THURSDAY, 9 FEB 2023
... allow for all financial product advice to be considered personal financial advice and for super funds to provide personal advice where it relates to a members' interests in the fund. Banks and super funds would be subject to the proposed Good Advice ...

My mind has not been changed: Levy

CASSANDRA BALDINI  |  WEDNESDAY, 8 FEB 2023
... of the product pays a commission for the sale of the product to which the advice relates. In all other cases, personal advice can be provided by a non-relevant provider. It's the long-debated proposal that's considered the most problematic and ...