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

Search Results

Showing 1901 - 1910 of 4389 results for "financial Advice"

New retirement loan launches

KARREN VERGARA  |  WEDNESDAY, 6 MAR 2019
... Capital operates under an Australian credit licence and financial advisers are governed by an AFSL. In delivering financial advice versus credit advice, advisers need to think about the long-term objectives of clients, he said. That demarcation is important ...

Consultation opens for claim handling changes

HARRISON WORLEY  |  MONDAY, 4 MAR 2019
... from the change. One such concern is that claims handling staff may suddenly be deemed as providing personal financial advice. A Treasury consultation paper released late last week argues removing just the insurance claims handling exemption might create ...

Grandfathered commissions ban unconstitutional: Association

JAMIE WILLIAMSON  |  MONDAY, 4 MAR 2019
A financial advice industry association is looking to take the Government to the High Court over the planned ban on grandfathered commissions, arguing the changes may not be constitutionally valid. The Association of Independently Owned Financial Professionals ...

Sunsuper introduces advice fee caps

JAMIE WILLIAMSON  |  THURSDAY, 28 FEB 2019
Sunsuper has introduced financial advice fee caps to combat unnecessary balance erosion, further ensuring the Sole Purpose Test is met. From this week, the $60 billion industry fund has capped the fees payable to a financial adviser via a clients' ...

AFA rebukes ideological drive against conflicted remuneration

HARRISON WORLEY  |  WEDNESDAY, 27 FEB 2019
... said. "But I would say I object to that, because I believe the primary service provided by financial advisers is financial advice. That is what you're here to provide. "I think the recommendation of product is secondary, it's part of what you do. But ...

KPMG expands advice remediation team

HARRISON WORLEY  |  TUESDAY, 26 FEB 2019
KPMG recently launched a hiring spree to support clients with financial advice remediation efforts. As wealth managers further move to remediate customers for various fees for no service and financial advice misconduct, KPMG is bolstering its managed ...

Centrepoint emerges from the red

KARREN VERGARA  |  MONDAY, 25 FEB 2019
... chief executive Angus Benbow flagged in August 2018. Benbow said there was an unequivocal demand for quality financial advice and the structural disruption of the industry puts Centrepoint in a place to capitalise on these unfolding changes across the ...

Grandfathered commissions ban splits industry: Poll

KARREN VERGARA  |  MONDAY, 25 FEB 2019
... of interest in remuneration. "I would bring the grandfathering arrangements made at the time of the Future of Financial Advice (FoFA) reforms to an end. The time for transition has passed," Hayne said. "Advisers have an incentive to keep their clients ...

Labor responds to Royal Commission final report

JAMIE WILLIAMSON  |  MONDAY, 25 FEB 2019
... commissions if ASIC finds no reason to retain them, he said. Bowen said the party will also begin consultation with the financial advice industry and stakeholders on the introduction of a new disciplinary system with the minimum features being those ...

Digital advice platform opens Sydney office

JAMIE WILLIAMSON  |  MONDAY, 25 FEB 2019
... provider of automated investment solutions is opening an Australian office to meet the growing demand for digital financial advice. With a newly established office in Sydney, Quantifeed will leverage local software engineering talent to grow its offering. ...