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

Search Results

Showing 1881 - 1890 of 4389 results for "financial Advice"

AMP overhauls wealth leadership

ELIZABETH MCARTHUR, JAMIE WILLIAMSON  |  THURSDAY, 4 APR 2019
... Commission and its fallout. The wealth giant was forced to acknowledge 196 instances of misconduct relating to financial advice, as well as contraventions to the Corporations Act and the ASIC Act in relation to fees for no service during the Royal Commission. ...

Superannuation funds flag $113bn merger

KARREN VERGARA  |  THURSDAY, 4 APR 2019
... community services and health and we're both seeing strong private sector growth. Importantly, we believe quality financial advice can help our members make the most of their retirement savings," she said. The two funds began as public sector funds ...

Major advice licensee in possible best interest breach

JAMIE WILLIAMSON  |  THURSDAY, 4 APR 2019
Extra conditions have been placed on the AFSL of one of Australia's biggest financial advice licensees following an investigation sparked by phenomenal growth in adviser numbers in just six months. SMSF Advisers Network has had additional licence ...

Wealth heavyweights join FSC board

HARRISON WORLEY  |  THURSDAY, 4 APR 2019
... company in December last year from Credit Suisse's private banking arm. Initially his remit was solely related to financial advice after the departure of predecessor Jack Regan. However a leadership restructure earlier this year now sees Wade responsible ...

NFP intra-fund advice is not a distribution channel

KARREN VERGARA  |  WEDNESDAY, 3 APR 2019
The value of financial advice provided via not-for-profit superannuation funds should not be tainted as a result of discussions about dismantling vertical integration. This is according to Industry Fund Services chief executive Cath Bowtell, who said ...

Cost of living fears rise: Research

ELIZABETH MCARTHUR  |  WEDNESDAY, 3 APR 2019
... research, 40% of Australians say the rising cost of living is their single greatest concern in 2019 but effective financial advice could be the solution. Latest research from Mortgage Choice and CoreData's looked at the attitudes and behaviours of Australians ...

In a nutshell: Federal Budget 2019

JAMIE WILLIAMSON  |  TUESDAY, 2 APR 2019
... an actuarial certificate when using the proportionate method has also been removed. Small businesses such as financial advice practices and accounting firms will see taxes cut to 25%, as well as increased access to finance via a new $2 billion fund. ...

MP slams prolonged grandfathered commissions carve out

KARREN VERGARA  |  TUESDAY, 2 APR 2019
... paid to salaried advisers from 1 April 2019. In the lead up to legislating FoFA to protect consumers from bad financial advice in 2013, Thistlethwaite pointed out that Parliament agreed to provide a "carve-out" for grandfathered commissions. But the ...

Consumers confused by general, personal advice

ELIZABETH MCARTHUR  |  FRIDAY, 29 MAR 2019
ASIC has released a new report saying consumers are confusing different types of financial advice. New research by the regulator shows consumers are having a hard time telling the difference between 'general' and 'personal' advice, putting them at risk ...

ClearView defends risk advice commissions

KARREN VERGARA  |  TUESDAY, 26 MAR 2019
... professional advice out of reach for the average person and shut down hundreds of advice businesses. It wants financial advice, together with life insurance advice fees, to be tax deductible. Currently, investment advice fees are tax deductible against ...