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

Search Results

Showing 141 - 150 of 680 results for "Records"

ASIC bans adviser for two years

CHLOE WALKER  |  WEDNESDAY, 22 DEC 2021
... that was in the best interests of his clients and appropriate for them. "ASIC found that Betalli failed to keep adequate records and gave non-compliant Statements of Advice (SoAs) by not including information about the basis of his advice," a statement ...

Proxy advice reforms force transparency, AFS licensing

KARREN VERGARA  |  MONDAY, 20 DEC 2021
... Josh Frydenberg announced reforms to proxy advice which includes forcing superannuation funds to disclose detailed voting records. Super funds exercising voting rights on behalf of their members will need to be more transparent with their votes, while ...

Financial Advice Hub goes live

KARREN VERGARA  |  WEDNESDAY, 8 DEC 2021
... other initiatives ASIC hopes will improve access to affordable personal advice. It recently launched more guidance on Records of Aadvice and Statements of Advice. ASIC is due to release an advice snapshot summarising common terminology and advice concepts. ...

Are managed accounts living up to the hype?

ELIZABETH MCARTHUR  |  THURSDAY, 25 NOV 2021
... concerns, said those who have implemented managed accounts are seeing the efficiencies - particularly in not having to do Records of Advice. "There are not many practices that have been able to implement a managed accounts solution across all clients," ...

ASX moves to paperless CHESS statements

KARREN VERGARA  |  MONDAY, 8 NOV 2021
... paper-based CHESS statements and move to electronic means by mid-December. Investors will soon be provided with a portal that records share ownership and confirmation of changes to CHESS holding details, including an archive of statements that goes back ...

ASIC outlines ROA guidance

ANNABELLE DICKSON  |  FRIDAY, 5 NOV 2021
The corporate regulator released examples of Records of Advice (ROA) to provide clarity to financial advisers and licensees on their obligations when using them for clients. The information sheet, INFO 266 FAQs: Records of Advice, provides answers to ...

ASIC extends SoA relief measure

KARREN VERGARA  |  THURSDAY, 14 OCT 2021
... 2022. This marks the second time that ASIC has extended the relief measure, which enables advisers to replace SoAs with Records of Advice for existing clients whose personal situations have changed due to COVID-19. The relief was first introduced in ...

ASIC worried about finfluencers

ELIZABETH MCARTHUR  |  TUESDAY, 21 SEP 2021
... complexity of financial advice include ASIC creating a financial adviser hub on its website and producing a new worksheet on records of advice. "The cost of advice is a significant concern," Longo said. "We have a number of initiatives we are working ...

ASIC urged to act on common ownership

KARREN VERGARA  |  FRIDAY, 10 SEP 2021
... 10% or 20%." New research from the Australasian Centre for Corporate Responsibility (ACCR), which analysed the voting records of the nation's 50 largest superannuation funds, found only 22 fund published their voting records. Industry super funds ...

Retail, corporate funds lack transparency on ESG votes

KARREN VERGARA  |  TUESDAY, 7 SEP 2021
... new research shows. According to the Australasian Centre for Corporate Responsibility (ACCR), which analysed the voting records of the nation's 50 largest superannuation funds, found only 22 fund published their voting records. Industry super funds ...