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Showing 111 - 120 of 393 results for "Personal advice"

Tech providers support QAR SOA proposals

CASSANDRA BALDINI  |  THURSDAY, 29 SEP 2022
... four main categories of advice models she landed on are digital product advice, hybrid product advice, digital personal advice, and hybrid personal advice. Midwinter also welcomed the review's proposal to remove the requirement to provide an SOA ...

ASIC FAR drops as deadline looms

JAMIE WILLIAMSON  |  THURSDAY, 29 SEP 2022
... results, it was estimated about 500 advisers would not have met the deadline and would be forced to cease providing personal advice from October 1. Under the legislation, these advisers have until tomorrow to get off the ASIC FAR to be able to sit the ...

Current legislation "wrong way around": Levy

CASSANDRA BALDINI  |  THURSDAY, 22 SEP 2022
... current law regulates the provision of financial product advice, then it subdivides into two categories: general and personal advice. "My first proposal is that what becomes regulated is the provision of personal advice," she said. And she suggested ...

Active Super reaffirms commitment to regional members

JAMIE WILLIAMSON  |  FRIDAY, 2 SEP 2022
... first glance, it looks positive. "We're still assessing that... We are a fund with a long history of providing personal advice through our planners as well as general advice and education," he said. "Super funds have a huge role to play in delivering ...

Latest adviser exams see 52% pass rate

JAMIE WILLIAMSON  |  THURSDAY, 1 SEP 2022
... their licensee by September 30. They will then need to pass the exam in order to become reauthorised to provide personal advice. However, if an advisers' licensee does not cease their authorisation by September 30, it will be ceased by law and the adviser ...

Focus on providing 'good advice': QAR draft proposals

JAMIE WILLIAMSON, CASSANDRA BALDINI  |  MONDAY, 29 AUG 2022
... paper reads. Levy adds that this broader definition would mean that an institution could not seek to avoid giving personal advice to a customer by quarantining information they hold about the customer for the purposes of giving advice. "It is doubtful ...

Hostplus expands Industry Fund Services mandate

JAMIE WILLIAMSON  |  MONDAY, 29 AUG 2022
... has retained Industry Fund Services (IFS) as its financial advice provider ahead of expanding its intra-fund and personal advice services. Hostplus is planning to roll out an updated financial advice and literacy model, including expanded intra-fund ...

MobiSuper, licensee to pay $250k penalty

JAMIE WILLIAMSON  |  MONDAY, 29 AUG 2022
... the combined penalty after the Federal Court found MobiSuper representatives had phoned customers and provided personal advice without acting in the customers' best interests and failed to warn those consumers that the advice was based on incomplete ...

What the QAR should focus on: MLC Life

CASSANDRA BALDINI  |  TUESDAY, 9 AUG 2022
... and guidance makes this difficult in practice, with often the only options provided being costly full, holistic personal advice or no advice/support at all," MLC Life said. As many have lobbied for some time, advice should be tax deductible, it said. ...

FSC analyses super, advice developments

ANDREW MCKEAN  |  MONDAY, 1 AUG 2022
... harbour steps with greater clarity around how the Best Interest Duty is met and a review of key terms of advice (personal advice and general advice). Moreover, the retention of the Life Insurance Framework, retention of the Australian Financial Services ...