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Showing 181 - 190 of 393 results for "Personal advice"

QSuper head of advice exits

KARREN VERGARA  |  TUESDAY, 20 OCT 2020
... advice teams together would ensure a coordinated approach to the delivery of QSuper's general and over the phone personal advice services.

FPA renews calls for advice definition changes

ANNABELLE DICKSON  |  THURSDAY, 8 OCT 2020
... Financial advice: Mind the gap which highlighted how consumers are unfamiliar with the concepts of general and personal advice. The report echoed the recommendations of the Murray Financial System Inquiry and the Productivity Commission reports which ...

82% of advisers pass August FASEA exam

ELIZABETH MCARTHUR  |  THURSDAY, 1 OCT 2020
... said advisers underperformed in a few areas including demonstrating an understanding of the differences between personal advice, general advice and factual information, assessing best interests and assessing the impacts of conflicts that may arise from ...

ASIC extends advice, capital raising provisions

ANNABELLE DICKSON  |  THURSDAY, 24 SEP 2020
... its 'no-action' position to superannuation trustees to December 31 from September 24, allowing funds to provide personal advice as intra-fund advice to members relating to ERS. "ASIC will continue to monitor the appropriateness of these temporary relief ...

Technology can ease adviser red tape: Academic

KARREN VERGARA  |  THURSDAY, 3 SEP 2020
... industry could start from scratch. For the regulators' part, Hanrahan suggested that what is not classified as personal advice should be subjected to lighter red tape. Personal advice has a fiduciary characteristic, she said, meaning that advisers ...

Calls for broad default life insurance system

ELIZA BAVIN  |  MONDAY, 27 JUL 2020
... informed decisions about their life insurance needs without any alternative channel that can provide the necessary personal advice and support," the report said. "To proceed otherwise puts Australia at odds with every other international market - and ...

NULIS calls for clearer regulatory definitions

ELIZA BAVIN  |  FRIDAY, 24 JUL 2020
... definition of the scope of intra-fund advice with a clear distinction between general advice and comprehensive personal advice would support enhanced intra-fund advice offerings to members." NULIS said its current practice is to have face-to-face advice ...

Forex Capital to face Federal Court

ALLY SELBY  |  FRIDAY, 17 JUL 2020
... deposits' (total client deposits less withdrawals); and failed to act in the best interests of clients when giving personal advice, as required under the Corporations Act". These allegations carry a maximum civil penalty of up to $1 million for a ...

QSuper culls comprehensive advice

KANIKA SOOD  |  FRIDAY, 3 JUL 2020
... superannuation fund. It employs 61 advisers. The closure comes into effect on July 6. Instead, QSuper will expand its personal advice offering, where it says it has seen a 35% increase in demand since expanding over-the-phone personal advice. The fund ...

Foreign exchange broker banned

ALLY SELBY  |  TUESDAY, 30 JUN 2020
... to provide the general advice warning when giving general financial advice and, on several occasions, provided personal advice." Earlier in the year, ASIC cancelled the AFSL of Forex Capital Trading after it found that the brokerage's business model ...