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Showing 201 - 210 of 393 results for "Personal advice"

Court punishes OTC derivative issuers

HARRISON WORLEY  |  FRIDAY, 28 FEB 2020
... clients were pressured into investing in by account managers - sometimes based offshore - who provided unlicensed personal advice. The advice was not in the best interests of clients and included false, misleading and deceptive representations about ...

Advice industry compresses

ELIZABETH MCARTHUR  |  TUESDAY, 11 FEB 2020
... managed discretionary accounts, Shaw and Partners has the largest number of verified advisers authorised to provide personal advice on MDA services with 172. It's followed by Shadforth with 119, E.L. & C. Baillieu on 56 and Fiducian on 50.

Corrupt adviser banned, AFSL canned

ALLY SELBY  |  TUESDAY, 4 FEB 2020
... said. "Financial advisers have a legal obligation to act in the best interests of their clients when providing personal advice. "This includes taking reasonable steps to understand their clients' personal circumstances and exploring existing financial ...

The growing risk to financial advisers

ALLY SELBY  |  THURSDAY, 23 JAN 2020
... "Industry super funds already have advice channels which come at a cost, which I imagine would be more specific personal advice that would cover more than their superannuation arrangement." With banks exiting advice, people will rely on the financial ...

Cbus head of advice launches firm

KANIKA SOOD  |  FRIDAY, 17 JAN 2020
... performance measures, while maintaining commercial success. The second challenge is for industry super funds to deliver personal advice to members who ask for it, without cross-subsiding it from the combined pool of their total membership. "It is widely ...

ASIC increases levy costs

ELIZA BAVIN  |  THURSDAY, 16 JAN 2020
... many unaware that the costs were set to rise. ASIC published the indicative levy owed by licensees that provide personal advice would include a minimum levy of $1500 plus $1142 per adviser, up from $907 per adviser initially indicated in March last year. ...

FPA supports tightening insurance claims

ELIZABETH MCARTHUR  |  MONDAY, 13 JAN 2020
... individual making the claim. The FPA also supported insurers' representatives being prohibited from providing personal advice about claims.

Free advice for bushfire victims

ELIZA BAVIN  |  MONDAY, 13 JAN 2020
... bushfires. AMP said it has partnered with its advisers to offer the pro-bono service which includes general and personal advice and is available to both AMP clients and members and the general public. AMP Australia chief executive Alex Wade said the ...

What you read in 2019: Financial advice

JAMIE WILLIAMSON  |  THURSDAY, 19 DEC 2019
... has 1043 advisers on its books, as at April 2019. It had added 219 advisers in just 12 months. 4. Westpac exits personal advice, restructures leadership Following on from our top story of the year, in mid-March Westpac announced it was exiting personal ...

ASIC bans direct life cold calling

HARRISON WORLEY  |  WEDNESDAY, 4 DEC 2019
... unsolicited phone sales of direct life insurance and CCI products, unless the offerer has provided the person with personal advice. The corporate regulator said the ban complemented its past enforcement action against insurers engaging in poor sales ...