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Showing 171 - 180 of 261 results for "General advice"

US fiduciary reforms will rock pension funds

ALEX DUNNIN  |  THURSDAY, 5 MAR 2015
... released by the association that the move could have a "chilling" effect at call centres that provide information and general advice to fund members and employees, especially for smaller defined contribution (accumulation) plans. "If those conversations ...

FEATURE: 2014 year in review

MARK SMITH, LAURA MILLAN, JAMES FERNYHOUGH  |  FRIDAY, 12 DEC 2014
... controversy and debate. The fact that one of the new provisions left the door open to reintroducing commissions in general advice did not please consumers, financial advice organisations or industry super funds. By February, the debate became so heated ...

Labor asks for bipartisan consensus on FSI super issues

LAURA MILLAN  |  MONDAY, 8 DEC 2014
... Inquiry recommendation to hold a Royal Commission." Whish-Wilson welcomed the inquiry's recommendation to rename 'general advice', but said he was "disappointed that Murray did not go as far as recommending a national exam for financial advisers."

Rename general advice, disclose ownership: FSI

LAURA MILLAN  |  SUNDAY, 7 DEC 2014
The name 'general advice' is misleading consumers and should be replaced with a term that helps reduce misinterpretation, the Financial System Inquiry (FSI) recommended. "The use of the word 'advice' may cause consumers to believe the information is ...

Financial System Inquiry recommendations wrap

STAFF WRITER  |  SUNDAY, 7 DEC 2014
... superannuation funds' retirement income projection calculators. Provision of financial advice and mortgage broking: Rename 'general advice' and require advisers and mortgage brokers to disclose ownership structures. Managed investment scheme regulation ...

Original FoFA laws take immediate effect

JAMES FERNYHOUGH  |  THURSDAY, 20 NOV 2014
... general clause to the six safe harbour definitions of what constitutes 'best interest'. In the end, commissions for general advice were left out of the government's amendments, so there is no change on that front. Many in the industry have condemned ...

FPA rejects FSC adviser regulation plans

ALICE URIBE, LAURA MILLAN  |  WEDNESDAY, 24 SEP 2014
... associations and academics. It would establish advice competency models applicable for advisers providing personal advice, general advice or general information and intra-fund advice. The proposed entity should also set minimum competency requirements ...

Opposition wants to postpone vote on FoFA bill

LAURA MILLAN  |  TUESDAY, 23 SEP 2014
... professional and affordable financial advice." The new text includes an explicit provision to ban commissions from general advice, amendments to the statement of advice provisions and an extension of the time period within which fee disclosure statements ...

Tight regulation getting in the way of digital advice: Minter Ellison

LAURA MILLAN  |  MONDAY, 22 SEP 2014
... very few providers can rely on it even for simple calculators that do not contain financial product advice or only general advice," the law firm said in a submission to the Financial System Inquiry. Minter Ellison argued that there is "great potential ...

Advisers ask for segmented education standards

LAURA MILLAN  |  WEDNESDAY, 10 SEP 2014
... financial advice. "There is something in between product information and comprehensive financial advice; it's not general advice, it's still real advice, but you are working with different education standards for that level of service." She said that ...