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Showing 151 - 160 of 704 results for "Financial products"

MAX Awards recognises best of the best

KARREN VERGARA  |  FRIDAY, 2 JUN 2023
... plays a vital role in driving the economy and ensuring investors have the opportunity to find the best-of-breed financial products and services in the market," she said. Some of the winners include Hostplus, which took home two gongs. Hostplus head of ...

Adviser registration extended to October

KARREN VERGARA  |  WEDNESDAY, 31 MAY 2023
... relevant provider as "an individual who is authorised to provide personal advice to retail clients about relevant financial products." It is also a licensee; an authorised representative of a licensee; or an employee or director of a licensee, or an ...

Experience pathway could create two adviser tiers

KARREN VERGARA  |  TUESDAY, 23 MAY 2023
... relevant provider on the other hand is someone authorised to provide personal advice to retail clients about financial products in accordance with the Corporations Act. The explanatory memorandum uses the term "financial adviser" and "relevant provider" ...

UK to ban cold calling on all financial products

JAMIE WILLIAMSON  |  FRIDAY, 5 MAY 2023
The UK is planning to ban cold calling on all financial products as part of a broader strategy for tackling scams. In an announcement from prime minister Rishi Sunak, the government said it is going to stop scams before they reach people. In part, this ...

Issuers must lift DDO game: ASIC

CASSANDRA BALDINI  |  THURSDAY, 4 MAY 2023
... DDO, now in their second year, mark a significant shift to outcomes-based regulation. Ultimately, it requires financial products to be designed and distributed with clear and contemporary consideration of the objectives, financial situation and needs ...

Illegal early release of super sees director banned

CHLOE WALKER  |  TUESDAY, 18 APR 2023
... websites, including that Enigma Corporation, Equitibanx and CMG were licensed or authorised to provide certain financial products and services, when they were not. Although ASIC raised concerns about these statements with Edden-Brown in December 2020 ...

Finfluencer barred from running online advice business

CHLOE WALKER  |  FRIDAY, 14 APR 2023
... shares based on these recommendations, did not have the benefit of these protections. "Anyone who recommends financial products or provides financial advice on social media must ensure they are complying with the law and may face ASIC enforcement action ...

Former AMP adviser pleads guilty to dishonest conduct

KARREN VERGARA  |  MONDAY, 27 MAR 2023
... working in advice on the grounds he engaged in dishonest conduct relating to client records and applications for financial products, and not leaving them in a better position after receiving his advice. ASIC added that the incomplete disclosure of the ...

Former director hit with dishonesty charges

ANDREW MCKEAN  |  WEDNESDAY, 22 MAR 2023
... provide financial product advice during the time of the alleged misconduct. Engaging in dishonest related to financial products or services while operating a financial services business can carry a maximum penalty of 15 years imprisonment. Alternatively ...

New relief for reissued life policies

KARREN VERGARA  |  MONDAY, 20 MAR 2023
... where a policy needs to be reissued. The conditional relief pertains to Design and Distribution Obligations for financial products issued before 5 October 2021 (when the DDO came into effect), except where the policy is reissued to correct an administrative ...