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Showing 171 - 180 of 695 results for "Financial products"

Throw out financial services law clutter: ALRC

ANDREW MCKEAN  |  WEDNESDAY, 5 OCT 2022
... model would also accommodate existing characteristics that currently underpin the regulatory architecture for financial products and services. The three elements that make up the new model include: a de-cluttered Corporations Act with far less prescriptive ...

Hejaz launches financial advice service

ANDREW MCKEAN  |  TUESDAY, 4 OCT 2022
... faiths. The group affixed that it's also suitable for advisers that want to help clients avoid greenwashed financial products. Hejaz Financial Services chief operating officer Muzzammil Dhedhy commented that demand for sustainable, faith-based, and ...

Industry funding model discussion commences

JAMIE WILLIAMSON  |  FRIDAY, 30 SEP 2022
... advice - in place of four. One would be for licensees providing personal advice to retail clients on relevant financial products and the other would be those who do not. Other sub-sectors would be combined in the super trustees, responsible entities ...

Former financial adviser pleads guilty

CASSANDRA BALDINI  |  TUESDAY, 20 SEP 2022
... Wertheimer also lodged five investment instruction documents with Netwealth that provided directions to deal with financial products on behalf of Picture Wealth clients. Those documents contained forged signatures and were prepared and lodged without ...

Financial stress at record highs: AMP

ANDREW MCKEAN  |  WEDNESDAY, 7 SEP 2022
... disadvantage compared to the non-indigenous population in terms of meeting expenses, savings balances and use of financial products and services. Meanwhile, on how financial stress affects workers, 21% of employees admitted that their productivity has ...

ASIC extends binary options ban

ANDREW MCKEAN  |  TUESDAY, 6 SEP 2022
... made net profits of $1.7 million. ASIC deputy chair Karen Chester said: "Binary options are harmful, high-risk financial products resulting in millions of dollars in losses for retail investors before our ban. Extending our binary options ban until 2031 ...

ASIC issues warning over brokers' high-risk offers

JAMIE WILLIAMSON  |  WEDNESDAY, 31 AUG 2022
... in the provider's favour. ASIC said brokers offering crypto-assets alongside shares and other regulated financial products may give investors a false sense of security, "leading them to believe crypto-assets have the same protections as regulated ...

Focus on providing 'good advice': QAR draft proposals

JAMIE WILLIAMSON, CASSANDRA BALDINI  |  MONDAY, 29 AUG 2022
... their agreement to renew fee arrangements and obtain their clients' signed consent to deduct fees from financial products, with obtaining annual written consent from their client to deduct ongoing advice fees from a financial product. Levy added ...

ASIC tells super trustees to improve TMDs

ANDREW MCKEAN  |  MONDAY, 29 AUG 2022
... to enforce the obligations where necessary." ASIC concluded that TMDs are an important requirement for all financial products under the new design and distribution obligations (DDOs). DDOs require firms to design financial products to meet the needs ...

ASIC research guides retail investment regulations

ANDREW MCKEAN  |  THURSDAY, 11 AUG 2022
... influencers, as previously reported by Financial Standard, ASIC issued a warning to finfluencers who discuss financial products and the licensees who use them, threatening substantial penalties of their content contravenes financial services law. Cognisant ...