Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1341 - 1350 of 5660 results for "Financial Adviser"

Labor pledges calm in superannuation

KARREN VERGARA  |  WEDNESDAY, 15 DEC 2021
Labor promises that superannuation will not be hotly contested in the upcoming federal election, vowing that if it comes to power in 2022 it will not introduce major changes. Shadow minister Stephen Jones pledged more stability and less uncertainty ...

OnePath Custodians sued over fees for no service

JAMIE WILLIAMSON  |  WEDNESDAY, 15 DEC 2021
... regarding the fees. It is also alleged that between December 2015 and January 2019, OnePath incorrectly charged financial adviser service fees of about $500,000 to 2508 members who did not have a linked plan adviser. Annual statements sent to these members ...

ASIC bans two Sydney based advisers

CHLOE WALKER  |  WEDNESDAY, 15 DEC 2021
... demonstrate that he has the skills, knowledge, and expertise to perform his duties as a responsible manager and financial adviser to the standard required. ASIC found that both Cummings and Allen demonstrated prolonged, wide ranging and ongoing incompetence ...

Wealthy overlook digital experience

KARREN VERGARA  |  TUESDAY, 14 DEC 2021
Wealthy investors tend to shun technology and prefer to keep track of their assets manually, according to Praemium. The survey, conducted with Investment Trends, suggests a minority of high-net-worth investors (11%) access an online digital portal and ...

ASIC takes 'ASX Wolf' to court

ELIZABETH MCARTHUR  |  TUESDAY, 14 DEC 2021
ASIC has taken action against Tyson Scholz, who offered his followers share trading tips on social media under the handle 'ASX Wolf'. The regulator filed proceedings in the Federal Court that will seek to restrain Scholz from carrying on any financial ...

Domestic bias swells for HNWIs

KARREN VERGARA  |  MONDAY, 13 DEC 2021
... further engagement with financial advisers," he said. Just over half of participants used the services of a financial adviser (57.2%). The proportion using a financial adviser has increased to 33.6% in 2021 (from 28.6% in 2020 and 23.1% in 2019). Nearly ...

AIOFP blasts 'elitist' young advisers

ELIZABETH MCARTHUR  |  MONDAY, 13 DEC 2021
The Association of Independently Owned Financial Professionals (AIOFP) has criticised 'elitist young financial advisers' for opposing Labor's suggestion older financial advisers shouldn't have to complete a university degree. Last week at the AIOFP's ...

More advisers fail FASEA exam

KARREN VERGARA  |  FRIDAY, 10 DEC 2021
... exam passed, making this the lowest pass rate on record. Fifty-two percent of the 2129 advisers who sat the Financial Adviser Standards and Ethics Authority exam were successful. The pass rate continues to deteriorate from as high as 88% at one point. ...

Labor promises to recognise adviser experience

KARREN VERGARA  |  FRIDAY, 10 DEC 2021
Labor promises it will dump educational requirements for financial advisers with over a decade's experience if it comes to power. Shadow minister for financial services Stephen Jones said such advisers with a clean record will not be required to ...

Financial Advice Hub goes live

KARREN VERGARA  |  WEDNESDAY, 8 DEC 2021
The one-stop shop for regulatory information for financial advisers launched on December 7. ASIC unveiled the new webpage following feedback from the industry that its resources were hard to find. The hub now consolidates ASIC's existing regulatory ...