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Showing 1401 - 1410 of 6078 results for "Commission"

Where to from here?

JAMIE WILLIAMSON  |  WEDNESDAY, 5 FEB 2020
On the anniversary of the Royal Commission's final report, AFA chief Phil Kewin reflects on the year that was and how the playbook - and rules - changed for advisers. It's been 12 months since the financial services sector was hit with Commissioner ...

New head of wholesale at Fidelity

KANIKA SOOD  |  WEDNESDAY, 5 FEB 2020
... Devoy. "The financial services industry is going through a period of unprecedented change following last year's Royal Commission. We are already seeing a shift in the structure in the market and we recognise we will need to adapt to support our wholesale ...

Permanent ban follows alleged SMSF theft

HARRISON WORLEY  |  WEDNESDAY, 5 FEB 2020
A Sydney-based financial adviser has been permanently banned for allegedly transferring client SMSF funds to the trust account of a business she controlled. ASIC has permanently banned Sydney adviser Tram Tran, after it found the funds of her clients ...

Perth advice firm folds

KANIKA SOOD  |  TUESDAY, 4 FEB 2020
... advice firm had to call in liquidators, with its directors blaming a 30% fall in its business revenue after the Royal Commission among other reasons. WA Wealth Managers (and WAWM Holdings Pty Ltd, as the main related firm) was run by Robert Hutchison ...

PIMCO puts Aussie LIT on ice

KANIKA SOOD  |  MONDAY, 3 FEB 2020
... Tuesday of a public consultation into the exemption for LICs and LITs which were allowed to pay advisers and brokers a commission even after the Future of Financial Advice (FoFA) reforms banned such payments on most investment products. The consultation ...

The PDS is weak: Rice Warner

ELIZABETH MCARTHUR  |  MONDAY, 3 FEB 2020
... in some ways proved an enabler of poor conduct and poor consumer outcomes revealed by the financial services royal commission." Rice Warner's analysis stated that the quality of the disclosures is another contributor to the problem. "In other words ...

Amish community scammed

ELIZABETH MCARTHUR  |  MONDAY, 3 FEB 2020
... An alleged fraudulent investment scheme has targeted the Amish community in the US, with the Securities and Exchange Commission now bringing charges. The SEC's complaint alleges Philip Riehl provided accounting services to Amish and Mennonite communities ...

Frydenberg takes RC super advice

HARRISON WORLEY  |  FRIDAY, 31 JAN 2020
... federal government has released a tranche of draft legislation implementing much of the recommendations of the Royal Commission, including banning directors of RSEs to hold any other roles and prohibiting trustees from charging advice fees in MySuper ...

Ongoing fees, advice fees in super to be reformed

ELIZABETH MCARTHUR  |  FRIDAY, 31 JAN 2020
... released consultation draft legislation to implement 22 recommendations and two additional commitments from the Royal Commission. The proposed new legislation also covers limiting avoidance of life insurance contracts. "We are on track to meet the accelerated ...

Fidelity backs personality tests

ELIZABETH MCARTHUR  |  FRIDAY, 31 JAN 2020
... thinking behind the research. "If there is something we can do to ensure those who have moved as a result of the Royal Commission into the unadvised space or those who have never been advised might become more open to receiving advice and becoming part ...