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Showing 101 - 110 of 261 results for "General advice"

Non-compliant personal advice rife at super funds: ASIC

JAMIE WILLIAMSON  |  TUESDAY, 3 DEC 2019
... included a mix of intra-fund advice (14%), scaled advice (29) and comprehensive advice (57%) but did not include general advice. Industry funds provided 128 files; 59 files came from retail funds; 30 files were obtained from corporate funds; and 16 files ...

Regulators quash remuneration rumours

ELIZABETH MCARTHUR  |  THURSDAY, 28 NOV 2019
... Commission." She also said the regulator's work on advice in superannuation is almost complete, as is its work around general advice. Finally, discussing ASIC's recent announcement around the enforcement of the Code in the absence of code monitoring ...

AIST finds issues with FASEA code

ELIZABETH MCARTHUR  |  MONDAY, 25 NOV 2019
... examples relating to SMSF and stockbroking." Scheerlinck also took issue with the fact that there is no reference to general advice in the Code of Ethics. She argued that general advice through retirement planning seminars, online calculators, call centres ...

Trustee firm, super fund in hot water

JAMIE WILLIAMSON  |  WEDNESDAY, 6 NOV 2019
... services covered by their respective AFSLs were provided efficiently, honestly and fairly. It also alleges the general advice model used to promote the mobiSuper fund had insufficient regard for consumers' best interests and this was not adequately ...

ASIC wins appeal against Westpac companies

KANIKA SOOD  |  MONDAY, 28 OCT 2019
... funds into their BT accounts were carefully calculated to bring about this desired result by giving no more than general advice. It was marketing by telephone selling," Federal Court documents read. "This difficulty is that the decision to consolidate ...

ASIC clamps down on poor advice, grandfathered commissions

KARREN VERGARA  |  WEDNESDAY, 28 AUG 2019
... - which will involve a large number of advice file reviews, ASIC said. Protecting consumers from the dangers of general advice is another priority. This will be done via consumer tests to find more appropriate labels or versions for general advice. ASIC ...

ASIC to crack down on platform fees

ELIZABETH MCARTHUR  |  WEDNESDAY, 14 AUG 2019
... conduct through a platform seems to be part of what ASIC is looking into. It asked platforms whether personal or general advice fees were included in the fee disclosure statement. It also asked whether fee disclosure statements included details of commissions ...

UniSuper advice offering surges

KARREN VERGARA  |  TUESDAY, 30 JUL 2019
... its on-campus presence to 10 to cater for the increased demand. On staff are more than 95 financial advisers and general advice consultants who help members with superannuation, insurance, retirement strategies and product queries. Funds under advice ...

ASIC bans Gold Coast adviser

ELIZABETH MCARTHUR  |  TUESDAY, 23 APR 2019
... authorised representatives of Pulse Markets between March 2015 and May 2016. Pulse was only authorised to provide general advice and trade in equities and derivatives, but it appears Peters represented Pulse as being authorised to engage in discretionary ...

Citi to pay $3m in advice remediation

HARRISON WORLEY  |  TUESDAY, 16 APR 2019
... have been leading customers to believe they were receiving personal advice when in reality Citi had only provided general advice over its structured product offering. According to the regulator, Citi's advisers had asked customers about their personal ...