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Showing 221 - 230 of 393 results for "Personal advice"

UniSuper advice offering surges

KARREN VERGARA  |  TUESDAY, 30 JUL 2019
... insurance, retirement strategies and product queries. Funds under advice totalling $13 billion relates specifically to personal advice, including intra-fund advice, UniSuper said. Most of this advice covers investment choice, contributions to super ...

Sam Henderson cops ASIC ban

KANIKA SOOD, JAMIE WILLIAMSON  |  WEDNESDAY, 24 JUL 2019
... act in the best interests of their clients and prioritise clients' interests over their own when providing personal advice. They must make every effort to adequately consider their clients' personal circumstances, needs and goals before providing ...

Bristol Street adviser banned

ELIZABETH MCARTHUR  |  FRIDAY, 28 JUN 2019
... - even when clients specifically requested that advice. ASIC commissioner Danielle Press said: "When providing personal advice, ASIC expects financial advisers to take reasonable steps to understand their clients' individual circumstances, needs and ...

ASIC FAR, advice industry contract

JAMIE WILLIAMSON  |  MONDAY, 17 JUN 2019
... same time, Westpac and its aligned dealer groups shed about 450 advisers. This, before its announcement to exit personal advice and sell advisers to Viridian Advisory. Over the same period, the likes of Synchron, Capstone and Akambo and Infocus made ...

Members dismiss intra-fund advice: Poll

KARREN VERGARA  |  MONDAY, 29 APR 2019
... every two to four years. The objective of intra-fund advice, according to ASIC, is to provide simple, non-ongoing personal advice on the member's interest in the fund across MySuper and choice products. The cost of the advice is borne by all members ...

Former Millennium3 adviser banned

ELIZABETH MCARTHUR  |  WEDNESDAY, 17 APR 2019
... understand their clients' personal circumstances and take those circumstances into consideration when providing personal advice." "When recommending that clients dispose of or acquire financial products, advisers must fully disclose the costs associated ...

Citi to pay $3m in advice remediation

HARRISON WORLEY  |  TUESDAY, 16 APR 2019
... will pay more than $3 million to remediate customers who received general financial advice, believing it to be personal advice. The group must refund 114 retail customers for losses they incurred after investing in structured Citigroup products between ...

Clime taps retail market

KARREN VERGARA  |  THURSDAY, 11 APR 2019
... self-directed investors wanting quality investment information. "For many of these people, either the cost of personal advice is beyond their means or they simply don't want to engage an adviser," Varlamos said. Clime recently appointed Adam Youkhana ...

Banks push to leave vertical integration on the table

HARRISON WORLEY  |  WEDNESDAY, 10 APR 2019
... Westpac - which until then was the only big four bank still wholly committed to wealth management - decided to exit personal advice, bringing BT Financial Group in-house and selling a number of financial advisers to Viridian Advisory. "ABA members have ...

Superannuation Consumer Advocate proposal needs work

KARREN VERGARA  |  THURSDAY, 4 APR 2019
... after ASIC found branch staff sold superannuation products to customers under the guise of general advice and not personal advice. Frydenberg also allocated to the Superannuation Complaints Tribunal (SCT) $2.3 million over three years from 2020-21 to ...