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Showing 121 - 130 of 261 results for "General advice"

Ten stories that defined the Royal Commission

HARRISON WORLEY  |  WEDNESDAY, 19 DEC 2018
... members charged fees for no service in order to maintain profit levels. It was revealed earlier that $67 million in general advice fees had been charged to members of MLC's MasterKey Personal Super products, despite the fact not all members were told ...

Miscalculations delay remediation, more issues emerge: AMP

JAMIE WILLIAMSON  |  WEDNESDAY, 28 NOV 2018
... its hands?" Wilkins simply responded: "Yes." In a statement today, AMP said it is investigating the provision of general advice to corporate super plans. "The matter relates predominantly to small to medium corporate super plans established pre-FOFA ...

Royal Commission tables life insurance policy questions

KARREN VERGARA  |  THURSDAY, 27 SEP 2018
... published in June 2018 is sufficient to address the problems that can arise where financial products are sold under a general advice model. "If not, what additional changes are required? Are there some financial products that should only be sold with ...

Make sure you have cash: Geoff Wilson

KANIKA SOOD  |  WEDNESDAY, 26 SEP 2018
... "US interest rates are backing up a little bit and it's the longest bull market in the US." "We can only give general advice, I am sure there's a disclaimer somewhere," he said. "And that [general advice] is, make sure you have cash." The $1.4 ...

Former Macquarie advisers banned

JAMIE WILLIAMSON  |  WEDNESDAY, 19 SEP 2018
... falsified the content of client email exchanges to mislead or deceive Macquarie's compliance team into believing that general advice or execution-only instructions had been given by them, and not personal advice. He also arranged for the false emails ...

Big-spending retirees live in Melbourne: Research

KARREN VERGARA  |  TUESDAY, 18 SEP 2018
... complacent while those in poorer suburbs are likely to become disengaged, given they will never meet the industry's general advice on super saving targets, it said.

BTFG faces possible union action

JAMIE WILLIAMSON  |  WEDNESDAY, 12 SEP 2018
... dismissal of at least 85 employees across the country. A number of financial advisers would also be reappointed to general advice roles while the total number of leadership roles within the business would also be reduced. A BT spokesperson told Financial ...

BT Financial Group proposes advice restructure

JAMIE WILLIAMSON  |  FRIDAY, 7 SEP 2018
... of its virtual advice initiative - formerly known as Wealth Connect - with all team members currently providing general advice to be re-appointed within the General Advice team within the chief operating office. Those currently providing personal advice ...

Retail super funds in hot water: Royal Commission

KARREN VERGARA  |  MONDAY, 27 AUG 2018
... products in bank branches in circumstances where it was known from September 2013 that staff were not complying with general advice obligations and instead giving "financial product advice"; Contravened conflicted remuneration provisions of the Corporations ...

ASIC defends enforceable undertakings at Royal Commission

KANIKA SOOD  |  FRIDAY, 17 AUG 2018
... general fact-finding questionnaire, which ASIC said the customers may have mistaken as "personal" advice rather than "general advice". ASIC caved to ANZ At today's hearings, it was revealed that ANZ negotiated with ASIC over the definition of what ...