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Showing 111 - 120 of 3574 results for "Personal"

Adviser with Investport links sees ban affirmed

JAMIE WILLIAMSON  |  THURSDAY, 7 DEC 2023
... responsible entity. The Federal Court later found the directors of the scheme had used money sought from investors for their personal use, including signing off on significant loans for one another. Anderson was found to have advised clients to invest ...

Final QAR reforms open door to super funds

CASSANDRA BALDINI  |  THURSDAY, 7 DEC 2023
... interests duty and amend the Statement of Advice (SoA), while also granting approval for superannuation funds to provide personal advice. In its final report, titled Delivering Better Financial Outcomes, the government said it will introduce a modernised ...

Advice firms must scale up to meet demand: AZ NGA

CASSANDRA BALDINI  |  WEDNESDAY, 6 DEC 2023
... professional advice but are still awaiting assistance. The paper drew on ASIC data that shows 41% of Australians intend to get personal financial advice in the future, but only around 12% currently do. AZ NGA said this underscores the immediate need ...

Changing retirement landscape needs regulatory framework: Actuaries Institute

CASSANDRA BALDINI  |  MONDAY, 4 DEC 2023
... must match the risks from the consumer's perspective. "For example, with requirements varying depending on whether personal advice is simple or low risk, comprehensive or medium risk, or complex, which is high risk," he said. "The aim of this framework ...

Responsible investment key to wealth transfer conversation

RACHEL ALEMBAKIS  |  MONDAY, 4 DEC 2023
... clients. Nearly half of the wealth transferred to children and beneficiaries is consumed almost immediately - going towards personal debt, mortgages, and luxury or self-care items to support their current lifestyles. The remaining half has the potential ...

FCA mulls capital requirements for firms giving bad advice

ANDREW MCKEAN  |  THURSDAY, 30 NOV 2023
The UK's Financial Conduct Authority (FCA) has proposed mandating personal investment firms, commonly known as investment advisers, to pre-emptively calculate and secure sufficient capital for potential redress liabilities. The financial regulator is ...

Former adviser convicted over false documents

CHLOE WALKER  |  THURSDAY, 30 NOV 2023
... superannuation and insurance advice. Specifically, he intentionally failed to disclose all relevant information relating to the personal circumstances of the clients, including details of their health and medical history. The incomplete disclosure put ...

ASIC confirms adviser registration deadline

KARREN VERGARA  |  WEDNESDAY, 29 NOV 2023
... before the 1 February 2024 final deadline. From this date, advisers otherwise known as relevant providers who provide personal advice to retail clients on relevant financial products must be registered with ASIC. This excludes time-share advisers as ...

Vale Charlie Munger

CHLOE WALKER  |  WEDNESDAY, 29 NOV 2023
... earth. Just last week, Buffett revealed the details of his succession plan. A billionaire in his own right, Munger had a personal fortune of some US$2.6 billion.

Aussie fintech growth counteracted by local challenges: EY

CASSANDRA BALDINI  |  WEDNESDAY, 29 NOV 2023
... channels, fintechs said they increasingly rely on founder funding, with a notable 57% of founders tapping into their personal funds to meet their companies' objectives. This is up from 50% in 2021 and 2022. Angel investors and financial support from ...