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Showing 101 - 110 of 393 results for "Personal advice"

Treasury releases Quality of Advice Review final report

CASSANDRA BALDINI, JAMIE WILLIAMSON  |  WEDNESDAY, 8 FEB 2023
... and flagged in the earlier proposals, is the introduction of a Good Advice Duty whereby a person who provides personal advice to a retail client must provide them with good advice. This means the advice must be fit for purpose in regards to the scope ...

All financial advice should be tax deductible: FPA

CASSANDRA BALDINI  |  FRIDAY, 3 FEB 2023
... participants in the financial services industry, to ensure sustainability and equity." It proposed the CSLR apply to personal advice, relevant financial products, retail clients, credit intermediation, securities dealing, credit provision, and insurance ...

Regulation should be balanced: Levy

ANDREW MCKEAN  |  WEDNESDAY, 1 FEB 2023
... are also struggling with the uncertainties and disproportionate risks in the law, causing many to stop offering personal advice altogether. "I don't think that anyone told me that things were going well. Many people also told me that all that was ...

No big surprises, Levy promises

CASSANDRA BALDINI  |  WEDNESDAY, 23 NOV 2022
... thing will be general advice." What will remain she said is her proposal around personal interactions treated as personal advice. She said what worries her a lot has nothing to do with advisers but relates to everyday people getting "unhelpful general ...

ANZ to pay $42m in insurance lawsuit

CASSANDRA BALDINI  |  MONDAY, 14 NOV 2022
... things, selling or issuing policies with no or little value. Finally, it stated that ANZ offered inappropriate personal advice to some customers who purchased the policies in a bank branch or over the telephone. Slater and Gordon has also reached an ...

Financial adviser registration delayed

ANDREW MCKEAN  |  THURSDAY, 3 NOV 2022
... cancellation of registration for serious misconduct. The Act had required that all financial advisers who provide personal advice to retail clients be registered by 1 January 2023. Registration was proposed to occur in two stages - stage one being a ...

Another ban for Sirius Financial

CHLOE WALKER  |  THURSDAY, 3 NOV 2022
... and margin foreign exchange contracts. It also found that Toyga engaged in pressure selling tactics and provided personal advice on behalf of Sirius Financial when it was unlicensed to do so. ASIC said that Bringans "is not adequately trained and competent ...

Scientiam, DASH launch easy fund exit service

CASSANDRA BALDINI  |  WEDNESDAY, 2 NOV 2022
... Nigel Baker, too many clients are languishing in poor products charging up to 2% in fees because they can't afford personal advice that would almost certainly recommend they get out. "Many advice businesses have a long tail of disengaged, inactive clients ...

Choice performance test pause in members' best interests: Chant West

CASSANDRA BALDINI  |  FRIDAY, 14 OCT 2022
... deregulate general advice may have an adverse effect," he said. Wright explained while the firm does not provide personal advice it still feels the replacement of best interest obligations with obligations to provide 'good advice' may have the unintended ...

Industry funding model discussion commences

JAMIE WILLIAMSON  |  FRIDAY, 30 SEP 2022
... activity, like having two sub-sectors within financial advice - in place of four. One would be for licensees providing personal advice to retail clients on relevant financial products and the other would be those who do not. Other sub-sectors would be ...