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Showing 151 - 160 of 261 results for "General advice"

VicSuper launches digital advice free from super speak

JAMIE WILLIAMSON  |  WEDNESDAY, 19 JUL 2017
... offers members direction around additional contributions and asset allocation in their superannuation, as well as general advice around retirement adequacy and budgeting. Members can view superannuation accounts in real time through an interactive dashboard ...

Big banks pay $60m in advice refunds

ALEX BURKE  |  MONDAY, 22 MAY 2017
... noted a further $34 million payable by NAB super trustee NULIS Nominees for breaches relating the provision of general advice to super members. ASIC said it will "continue to monitor these compensation programs and will provide another public update ...

Unconscionable super cross-selling will continue: ISA

KARREN VERGARA  |  THURSDAY, 20 APR 2017
... best on offer," he said. Whiteley suggested cross-selling of superannuation products to banking customers through general advice should be subject to a "better-off" test to ensure consumers are not disadvantaged by the switch. "The 'for-profit' culture ...

BTFG announces giant Panorama leap

DARREN SNYDER  |  THURSDAY, 23 MAR 2017
... most sold through an adviser, as we believe that life insurance is a complex product that needs either personal or general advice to support it," he said. Through Panorama customers can view and transact seamlessly right across all their financial services ...

Estate agents to become RG146 certified

JAMIE WILLIAMSON  |  TUESDAY, 14 MAR 2017
... completion of the course, agents will have satisfactorily fulfilled ASIC's RG146 requirements and will be able to offer general advice on financial products and services. This will also allow them to provide factual advice on what the products are and ...

ASIC takes Westpac to court

JAMIE WILLIAMSON  |  FRIDAY, 23 DEC 2016
... into their Westpac-related superannuation accounts. This is despite WSAL or BTFM only being permitted to provide general advice under their AFSLs. It is also alleged the Westpac subsidiaries failed to undertake an appropriate comparison of the super ...

Advisers to foot $24m bill

KERRIE SYDEE  |  TUESDAY, 8 NOV 2016
... advice providers on Tier 1 products, $0.9m (4%) from personal advice providers on Tier 2 products, $0.8m (3%) from general advice providers and $0.2m (1%) from wholesale advice providers. For Australian Financial Services (AFS) Licensees who provide ...

Super members should face "better off test"

DARREN SNYDER  |  TUESDAY, 4 OCT 2016
... show direct advice is growing quickly and at the expense of traditional channels including financial advisers. General advice direct from a bank does not need to meet the best interest obligations and it is likely the banks are using this and linked ...

Former Westpac adviser banned

JAMIE WILLIAMSON  |  TUESDAY, 27 SEP 2016
... Group in the Westpac scaled advice insurance business from October 2013 to July 2014 to provide retail clients with general advice only. Specifically, the investigation found that Mahoney fabricated information regarding clients' health or health-risk ...

ASIC cancels AFSL, bans responsible managers

DARREN SNYDER  |  FRIDAY, 9 SEP 2016
... financial product or a financial service; providing personal advice to clients when they were only licensed to provide general advice; failing to notify ASIC of significant breaches within 10 days; and failing to maintain the competence to provide financial ...