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Showing 111 - 120 of 305 results for "Consent"

FSC releases two new standards

KARREN VERGARA | FRIDAY, 17 DEC 2021

... Financial Services Council released two new standards, one of which helps members abide by the newly mandated advice fee consent requirements. FSC members will need to comply with FSC Guidance Note No. 43 from 1 January 2022, which was constructed off ...

Centrepoint partners with Iress

KARREN VERGARA | WEDNESDAY, 10 NOV 2021

Two Centrepoint Alliance subsidiaries have adopted Iress' advice fee consent solution. Matrix Planning Solutions and ClearView Financial Advice will be able to capture fee consent for ongoing service fee agreements via Xplan. They join Colonial ...

BT identifies Panorama outage cause

ELIZABETH MCARTHUR | MONDAY, 25 OCT 2021

... reduced income tax credits (RITC) on advice fees for investment clients, enhancing the advice fee process for offline consent, and beginning to facilitate in specie rollovers to Panorama Super."

CFS adopts advice consent solution

KARREN VERGARA | THURSDAY, 14 OCT 2021

... comply with the newly introduced ongoing advice fee obligations. The blockchain-supported solution will manage advice fee consent requirements for clients on CFS's platforms, FirstChoice and FirstWrap. CFS will shortly begin the initial six-week ...

AIOFP petitions to delay DDO, annual renewal

KARREN VERGARA | FRIDAY, 1 OCT 2021

... until 2022 by launching an online petition. The AIOFP is seeking to delay the Design and Distribution Obligations and consent form rules until 1 July 2022 under the petition entitled Reducing the cost of financial advice for consumers. "The original ...

Class action legislation open for consultation

ANNABELLE DICKSON | FRIDAY, 1 OCT 2021

... fair and reasonable," Treasurer Josh Frydenberg said. Finally, the draft legislation would also require plaintiffs to consent to become members to a class action litigation funding scheme prior to the funders imposing fees. "This will encourage 'book ...

Benefits of advice reforms yet to materialise

KARREN VERGARA | TUESDAY, 24 AUG 2021

... of advisers who may be prompted to leave the profession. Ongoing fee arrangements; lack of independence statements; and consent to pass on costs are three reforms under the Financial Sector Reform Act. The Design and Distribution Obligations (DDO) will ...

BT Panorama down for a week

ELIZABETH MCARTHUR | MONDAY, 9 AUG 2021

... trades also could not be placed and had to be handled manually. He added that the issues were compounded by BT's fee consent system: "Their whole fee consent process required us to cancel the existing fee agreement before we could prepare the documentation ...

Super, ASIC beneficiaries of advice challenges: Hearing

JAMIE WILLIAMSON | FRIDAY, 30 JUL 2021

... clients' best interests, with Jacobsen saying the law is very clear on fee for service being the right way to go, with client consent and annual opt-in. Wilson challenged his response, asking whether he believes that's the appropriate alignment ...

ASIC consults on anti-hawking rules

KANIKA SOOD | THURSDAY, 22 JUL 2021

... real-time communication. The prohibition incorporates for the first time a definition of unsolicited contact, requiring that consent given by a consumer be positive, voluntary and clear," Press said. "These reforms will give consumers greater control ...

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Australian Unity to shed 195 roles

MATTHEW WAI

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

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