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Showing 191 - 200 of 393 results for "Personal advice"

Advisers involved in ERS scams: ASIC

ELIZABETH MCARTHUR  |  WEDNESDAY, 20 MAY 2020
... financial advisers falsifying reasons for fees. "For example, by falsely advising the trustee that they had given personal advice to a member in order to receive advice fees from the trustee," Eccleston said - without clarifying whether this had happened. ...

COVID-19 creates case for robo-advice

ELIZABETH MCARTHUR  |  THURSDAY, 7 MAY 2020
... clients are losing out in markets, as evidenced by the ASIC paper, might help convince the regulator that robo personal advice should be widely available in Australia. Six Park has a direct to consumer offering but also works with financial advisers. ...

Adviser fears over ASIC relief

HARRISON WORLEY  |  THURSDAY, 30 APR 2020
... As part of this, ASIC issued a temporary no-action position for superannuation trustees to expand the scope of personal advice that can be provided under intra-fund advice. The other key measure sees the requirement for advisers to issue a Statement ...

Former Spectrum Wealth, NAB advisers banned

ELIZA BAVIN  |  THURSDAY, 30 APR 2020
... future. "Her conduct demonstrated serious incompetence and irresponsibility," the regulator said. "When providing personal advice, advisers are required to act in the best interests of their clients, not simply implement their clients' instructions." ...

Compliance worse than COVID-19

ALLY SELBY  |  THURSDAY, 23 APR 2020
... playing field (a review of current legislation itself and the yawning gap between what is general, intra-fund and personal advice)," Cavanough said.

BAS agents to give financial advice

ELIZABETH MCARTHUR  |  FRIDAY, 17 APR 2020
... the scheme without an AFSL; and issued a temporary no-action position for super trustees to expand the scope of personal advice that can be provided under intra-fund advice. The advice fee has been capped at $300 in these circumstances.

ASIC provides relief around early super access advice

JAMIE WILLIAMSON  |  TUESDAY, 14 APR 2020
... the scheme without an AFSL; and issued a temporary no-action position for super trustees to expand the scope of personal advice that can be provided under intra-fund advice. The relief is temporary and comes on the back of stakeholder consultation, including ...

Former ANZ adviser banned

ELIZA BAVIN  |  TUESDAY, 24 MAR 2020
... his clients' objectives and needs, and, in some cases, did not consider their existing products when providing personal advice," the regulator said. ASIC said for one client, Hilsley recommended replacing superannuation and insurance products without ...

Banned advisers still working in advice: FPA

ELIZABETH MCARTHUR  |  MONDAY, 9 MAR 2020
... which it suggests the 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 move into ...

Advice groups criticise rushed legislation

ELIZABETH MCARTHUR  |  WEDNESDAY, 4 MAR 2020
... which stated that the commissioner found no issues with intra-fund advice and defined intra-fund advice as not personal advice. "This is wrong on more than one level. As has been made clear through the Parliamentary committee process, by Senator Andrew ...