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Showing 171 - 180 of 305 results for "Consent"

Ongoing fees, advice fees in super to be reformed

ELIZABETH MCARTHUR  |  FRIDAY, 31 JAN 2020
... will be charged. They must also outline the specific services to be provided over the next 12 months and obtain written consent from the client about the arrangements. The draft legislation for recommendation 2.2 will require advisers and licensees to ...

AMP remediation processes questionable

JAMIE WILLIAMSON  |  TUESDAY, 21 JAN 2020
... it is refunding fees charged to members into new AMP superannuation accounts opened without customers' knowledge or consent. Following a report by the ABC, AMP has confirmed it is depositing refunds owed to former customers into AMP Eligible Rollover ...

FSC, super sector steps up for bushfire affected

HARRISON WORLEY  |  WEDNESDAY, 8 JAN 2020
... Australians to fill in the template published on its website and email it to [email protected], remembering to include the two consent paragraphs specified on the template's webpage. "They can look at our website, get in touch with us, and we'll ...

JANA dragged into Rest legal stoush

ELIZABETH MCARTHUR  |  TUESDAY, 7 JAN 2020
JANA Investment Advisers may be forced to hand over key documents as part of Rest's ongoing legal battle with member Mark McVeigh. Final discovery orders were consented to by both Rest and McVeigh in late December last year. Documents created by ...

FASEA responds to concerns

ELIZABETH MCARTHUR  |  FRIDAY, 20 DEC 2019
... financial advisers and provisional financial advisers providing personal financial advice. 6. The timing and format of client consent Standard 4 and 7 note: "If required, in the case of an existing client, consent should be obtained as soon as practicable ...

18 misconceptions about FASEA code

ELIZABETH MCARTHUR  |  THURSDAY, 19 DEC 2019
... extent of the competing interest and other things at stake, clients are not usually in a position to give fully informed consent to an adviser acting in a conflict," Patterson said. Conflicts are very common in financial services and exist in wats that ...

Former Goldman Sachs exec charged over $62m bribery

ELIZABETH MCARTHUR  |  TUESDAY, 17 DEC 2019
Former Goldman Sachs managing director Tim Leissner has been charged with bribery in relation to the high profile 1MDB sovereign wealth scandal. The US Securities and Exchange Commission has brought charges against Leissner for allegedly engaging in ...

ASIC freezes Sydney advisers' assets

ELIZA BAVIN  |  WEDNESDAY, 6 NOV 2019
The Australian Securities and Investments Commission have obtained consent orders and undertakings in the Supreme Court of NSW against QWL, QWL Asset Management and sole director Ross Hopkins. "ASIC commenced an investigation in relation to allegations ...

AFA calls for clarity on ethics code

ELIZABETH MCARTHUR  |  WEDNESDAY, 23 OCT 2019
... The association is also seeking clarity with respect to referral arrangements and clarity regarding the need to obtain consent from existing clients as soon as practicable in order to continue to receiving remuneration.

FASEA clears up code of ethics

ELIZA BAVIN  |  MONDAY, 21 OCT 2019
... avoiding conflicts of interests. Under the new code advisers will need to get their client's "free, prior and informed consent" before acting on their behalf and is applicable to existing clients with FASEA saying consent must be obtained as soon as ...