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Showing 171 - 180 of 393 results for "Personal advice"

ASIC takes action on Union Standard

KARREN VERGARA  |  TUESDAY, 15 DEC 2020
... in the Federal Court. ASIC alleges Union Standard breached a number of regulations. Among them were providing personal advice without a licence and making false or misleading claims about the level of risk undertaken and the profits which clients could ...

Key advice reforms tabled

KARREN VERGARA  |  THURSDAY, 10 DEC 2020
... placed by the product issuer or a gift. Thirdly, superannuation funds cannot charge fees on an ongoing basis for personal advice provided to MySuper products (for a 12-month period). More generally, super funds cannot charge a member fees for advice ...

End of the road for advice qualifications

JAMIE WILLIAMSON  |  TUESDAY, 24 NOV 2020
... FNS50615 Diploma of Financial Planning, FNS60415 Advanced Diploma of Financial Planning and a further three Tier 1 personal advice units of competency in financial planning, margin lending and superannuation. According to Rainmaker analysis of the ASIC ...

ASIC takes SMSF accountant to court

ANNABELLE DICKSON  |  TUESDAY, 24 NOV 2020
... required to provide a copy of ASIC's media release outlining her contraventions to each client that she provided personal advice to and notify ASIC in writing about it. ASIC is seeking orders from the Federal Court as it alleges Thorne deliberately tried ...

Financial adviser reference checks under scrutiny

ELIZABETH MCARTHUR  |  THURSDAY, 19 NOV 2020
... legislation, the FPA suggested reference checking should go further than just looking at those financial advisers giving personal advice. "The FPA has clear examples of financial advisers who have been banned from providing financial advice by ASIC who ...

ASIC opens consultation on scaled advice

ANNABELLE DICKSON  |  TUESDAY, 17 NOV 2020
... the Financial Adviser Register to 21,284. ASIC commissioner Danielle Press added that good-quality affordable personal advice may help consumers make better financial decisions, especially during times of heightened vulnerability. The corporate regulator ...

RC recommendations closer to legislation

KARREN VERGARA  |  FRIDAY, 13 NOV 2020
... of another person, except when performing its duties and exercising its powers as a trustee or when providing personal advice. Failure to comply with the new condition can lead to APRA issuing directions and even cancelling licences in exceptional circumstances. ...

AAT affirms SMSF adviser ban

JAMIE WILLIAMSON  |  WEDNESDAY, 11 NOV 2020
... five-year ban was appropriate, Blazejczyk appealed to the AAT believing he should only be prohibited from providing personal advice to retail clients. The AAT was not satisfied a limited banning order as proposed by Blazejczyk would provide "sufficient ...

NZ looks to recognise qualified Aussie advisers

KARREN VERGARA  |  WEDNESDAY, 28 OCT 2020
... working in Australia. Since Australia introduced financial advice reforms in March 2017 and new qualifications for personal advice on complex products, many areas have shown to be equivalent to New Zealand's Level 7 diploma or higher. The FMA also looks ...

The case for an overhaul of advice: Rice Warner, FSC

ANNABELLE DICKSON  |  TUESDAY, 20 OCT 2020
... research suggests that education, information and general advice should fall under the term general information while personal advice should be separated into either simple or complex advice. Simple personal advice is advice that deals with superannuation ...