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Showing 161 - 170 of 305 results for "Consent"

New course helps advisers recognise financial abuse

JULIA NEWBOULD  |  TUESDAY, 5 MAY 2020
... abuse happens when someone takes away another's access to money, manipulates financial decisions or uses money without consent. It often happens together with other forms of abuse including physical and emotional abuse. While there is no typical ...

IOOF, CountPlus, Iress want better path to fee consent

ELIZABETH MCARTHUR  |  FRIDAY, 24 APR 2020
... Licensees and platform providers have joined forces to call for a consistent industry approach to managing the Advice Fee Consent legislation. The proposed legislation, which is part of the government's Royal Commission reforms, requires platform operators ...

Compliance worse than COVID-19

ALLY SELBY  |  THURSDAY, 23 APR 2020
... an ongoing fee arrangement with a client. "The Royal Commission recommendation on annual renewal and providing client consent to the product providers will certainly add further to this cost and complexity." While the pandemic may be impacting advisers ...

ASIC provides relief around early super access advice

JAMIE WILLIAMSON  |  TUESDAY, 14 APR 2020
ASIC has announced three temporary measures to assist the industry with providing affordable and timely advice during the COVID-19 crisis. It has also confirmed it is delaying its work on grandfathered conflicted remuneration and life insurance advice. ...

Positives from the pandemic for advisers

ELIZABETH MCARTHUR  |  TUESDAY, 24 MAR 2020
According to the Association of Independently Owned Financial Professionals (AIOFP), the COVID-19 pandemic may be producing some positives for financial advisers. In a letter to AIOFP members, executive director Peter Johnston wrote that despite all ...

US senators in alleged COVID-19 insider trading

JAMIE WILLIAMSON  |  MONDAY, 23 MAR 2020
... Personal Trading Policy that prohibits insider trading and discretionary trading of stocks by its employees without the prior consent of the company." The Daily Beast said Loeffler and Sprecher made 29 transactions between January 24 and mid-February ...

Lack of independence must be made clear: ASIC

ELIZA BAVIN  |  TUESDAY, 10 MAR 2020
... to the clients attention through a prominent disclosure. Advisers will also need to seek express written authority and consent forms to deduct fees. The regulator released the draft legislation, based on the Exposure Draft Bill, so it can review submissions ...

Wells Fargo coughs up $4.5 billion

ALLY SELBY  |  MONDAY, 24 FEB 2020
... strategies"; leading thousands of employees to open new accounts and products for existing customers, often without their consent or under false pretences, with little regard to their needs and wellbeing. US Attorney for the Western district of North ...

Blockchain startup raises $68m, ordered to return funds

ALLY SELBY  |  FRIDAY, 21 FEB 2020
The Securities and Exchange Commission (SEC) has settled charges against a blockchain startup, after it raised $68 million through an unregistered "initial coin offering". Enigma MPC, based in San Francisco and Israel, raised approximately $68 million ...

Where to from here?

JAMIE WILLIAMSON  |  WEDNESDAY, 5 FEB 2020
... Take the draft legislation released last week on ongoing fee arrangements which would require annual renewals and written consent from the client, for example. "We do not believe that this group of recommendations will work in the best interests of clients ...