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Showing 1311 - 1320 of 10441 results for "advice"

FCA mulls capital requirements for firms giving bad advice

ANDREW MCKEAN  |  THURSDAY, 30 NOV 2023
... FCA executive director of markets and international Sarah Pritchard said the regulator wants to see a "thriving financial advice market," ensuring consumers have access to support from financially resilient advice firms. "Diligent advisers are having ...

Former adviser convicted over false documents

CHLOE WALKER  |  THURSDAY, 30 NOV 2023
... between January 2004 to December 2014, was found to have falsified information when providing superannuation and insurance advice. Specifically, he intentionally failed to disclose all relevant information relating to the personal circumstances of the ...

OnePath cops $5m fine over fees for no service

CASSANDRA BALDINI  |  THURSDAY, 30 NOV 2023
... members, even though they did not receive such services. OnePath told members that they were obligated to pay a fee for advice from a plan adviser, even after the member had been transferred to a division of Integra Super where they were not eligible ...

ASIC confirms adviser registration deadline

KARREN VERGARA  |  WEDNESDAY, 29 NOV 2023
... 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 well as ...

AMP selects new chief technology officer

CHLOE WALKER  |  WEDNESDAY, 29 NOV 2023
... manager will pay $100 million - an amount double what it initially provisioned. "This is an important step forward for our Advice business and for AMP more broadly, as it allows us to put this legacy matter behind us, which has impacted relationships ...

British banker to become RBA deputy governor

CHLOE WALKER  |  TUESDAY, 28 NOV 2023
... Additionally, he manages the UK's official foreign exchange reserves and coordinates market intelligence and analytical advice to the BoE's monetary and macro-prudential policy committees. Hauser has also held senior roles across most of the ...

Frontier restructures, promotes

ELIZABETH FRY  |  FRIDAY, 24 NOV 2023
... patience will be key. "We're a people business," he said "The quality of our team and the integrity of our unconflicted advice model is what our clients really value. So, we must be very selective in finding the right people to join our team. That ...

Mercer fined $12m over advice failures

JAMIE WILLIAMSON  |  THURSDAY, 23 NOV 2023
Mercer Financial Advice will pay $12 million after the Federal Court found it failed to meet some disclosure obligations and charged almost $5 million in fees to clients when it was not entitled to do so. Mercer admitted that, between July 2016 and ...

AMP to pay $100m to settle BOLR class action

JAMIE WILLIAMSON  |  THURSDAY, 23 NOV 2023
... liability and is still subject to approval by the Federal Court, it said. Speaking to Financial Standard, AMP group executive, advice Matt Lawler said that was also the objective for AMP, adding that he and chief executive Alexis George have been working ...

ASIC investigates iExtend over possible unlicensed conduct

CHLOE WALKER  |  THURSDAY, 23 NOV 2023
... agreement with policyholders. The undertaking shows ASIC is also concerned that iExtend may have provided financial product advice without a licence, and that iExtend may look to provide a claims handling and settling service in the future. Around the ...