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Showing 151 - 160 of 260 results for "Quality of Advice"

Adviser fears over ASIC relief

HARRISON WORLEY  |  THURSDAY, 30 APR 2020
... support their existing client," he says. With super funds willing to absorb the difference, concerns about the quality of advice provided by super funds has become a central issue. Super Consumers Australia director Xavier O'Halloran believes it is "pretty ...

ASIC claims to support robo-advice

ELIZABETH MCARTHUR  |  FRIDAY, 10 JAN 2020
... its digital advice tools, saying that this was an example of robo where the regulator had concerns about the quality of advice given and how that advice was monitored. Speaking to Financial Standard at the time of ASIC's announcement, Lime's ...

SMSFA slams limited licensing

HARRISON WORLEY  |  THURSDAY, 9 JAN 2020
... are unable to get information but are the individuals able to provide advice," he said. "This jeopardises the quality of advice being provided to members."

Non-compliant personal advice rife at super funds: ASIC

JAMIE WILLIAMSON  |  TUESDAY, 3 DEC 2019
... moderate range," ASIC said. "Due to the different sample sizes, it is not possible to fairly compare the overall quality of advice based on fund type. As such, our findings are aggregate findings and are not broken down by fund type." However, the findings ...

ASIC nudges robo-adviser to shutter

ELIZABETH MCARTHUR  |  FRIDAY, 18 OCT 2019
... super, commencing and ceasing pensions and contributions into super. ASIC raised concerns with Lime FS about the quality of advice being generated by the robo-advice online tools and its ability to monitor that advice. ASIC said in some instances the ...

SMSFs not for everybody: ASIC

HARRISON WORLEY  |  MONDAY, 14 OCT 2019
... costs, risks and obligations associated with establishing and running one." Pointing to ASIC report 575 on the quality of advice and member experiences in SMSFs, Press said members with low balances and a limited ability to make future contributions ...

ASIC clamps down on poor advice, grandfathered commissions

KARREN VERGARA  |  WEDNESDAY, 28 AUG 2019
... Another initiative over the next five years is examining the effectiveness of measures aiming to improve the quality of advice. This will include scoping and commencing the work - which will involve a large number of advice file reviews, ASIC said. Protecting ...

AFA rebukes ideological drive against conflicted remuneration

HARRISON WORLEY  |  WEDNESDAY, 27 FEB 2019
... sector in the process. Referring to Hayne's recommendation that an ASIC review of the measures to improve the quality of advice also consider exemptions to the ban on conflicted remuneration for non-monetary benefits, Anderson questioned the necessity ...

IOOF braces for new super package, grandfathered commissions changes

KARREN VERGARA  |  TUESDAY, 19 FEB 2019
... From FY20, IOOF will incur $20-30 million in compliance and regulatory costs, which includes a review into the quality of advice it provides.

Life risk commissions must also go: Hayne

KANIKA SOOD  |  MONDAY, 4 FEB 2019
... aligned the interests of advisers and consumers. If the review does not identify significant improvement in the quality of advice, the Government stated it would move to mandate level commissions, as was recommended by the Financial System Inquiry." ...