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

Search Results

Showing 151 - 160 of 393 results for "Personal advice"

New AIA advice unit names chief executive

KARREN VERGARA  |  FRIDAY, 30 JUL 2021
... terminated Financial Wisdom. AIA Financial Wellbeing will operate under a separate AFSL to AIA Australia, offering personal advice to customers of CBA with life insurance and wealth needs. Advice will be provided by salaried advisers and AIA will extend ...

Commonwealth FP under review, partially offloaded

ANNABELLE DICKSON  |  WEDNESDAY, 28 JUL 2021
... arrangement for life insurance to AIA. AIA's new advice business will be called AIA Financial Wellbeing and offer personal advice to customers of the bank with life insurance and simple advice needs, the insurer said. The advice will be provided ...

ASIC industry levy to increase

KARREN VERGARA  |  FRIDAY, 23 JUL 2021
... than the prior corresponding figure of $56.189 million. The new costs are applicable to licensees that provide personal advice to retail clients on relevant financial products. ASIC calculates a different levy for advisers who provide retail advice for ...

ASIC prepares licensees for reference checks

KARREN VERGARA  |  WEDNESDAY, 21 JUL 2021
... unresolved inquiries or investigations a candidate is involved in, and the results of compliance audits that relates to personal advice provided by the candidate. Commissioner Kenneth Hayne found that AFLSs did not do enough to communicate among themselves ...

Dixon Advisory to pay $8.2m to settle ASIC action

KANIKA SOOD  |  FRIDAY, 9 JUL 2021
... that DASS contravened 961K(2) of the Corp orations Ac t on 53 occasions between 6 October 2015 and 31 May 2019 in personal advice provided by DAA representatives. EP1 will submit to improving its processes and filing with ASIC an independent review's ...

ASIC announces advice affordability findings

KARREN VERGARA  |  TUESDAY, 6 JUL 2021
... "identified a number of initiatives that may assist industry participants in providing good-quality, affordable personal advice to consumers". "ASIC has provided industry feedback on issues relating to law reform to Treasury for consideration as part ...

Forex CT cops $20 million fine

ANNABELLE DICKSON  |  WEDNESDAY, 2 JUN 2021
... services were provided efficiently, honestly and fairly and acting in the best interests of clients when providing personal advice. ASIC said Yoshai created a trading floor culture akin to The Wolf of Wall Street where a bell was rung when clients would ...

AMP sued for charging dead clients

JAMIE WILLIAMSON  |  THURSDAY, 27 MAY 2021
... added that AMP and its subsidiaries had no reasonable grounds for believing they could supply life insurance or personal advice to the members in question "at any time or at all". "The deceased member had died. There was no longer any life to insure... ...

Pinnacle affiliates reach $85bn AUM

KARREN VERGARA  |  THURSDAY, 20 MAY 2021
... activity and industry fragmentation is hitting both advice and service providers, while switching from retail/personal advice to wholesale licensing is also a trend Pinnacle has highlighted. In terms of opportunities and in meeting investor demand, Pinnacle ...

ASIC not recommending general advice change

JAMIE WILLIAMSON  |  WEDNESDAY, 5 MAY 2021
... potential means of clarifying general advice to consumers such as by contrasting the descriptions of general and personal advice, and explicitly stating in the general advice warning that the provider of general advice is not required to act in the consumers' ...