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Showing 231 - 240 of 393 results for "Personal advice"

Consumers confused by general, personal advice

ELIZABETH MCARTHUR  |  FRIDAY, 29 MAR 2019
... protection exists." "The survey not only revealed consumers are not familiar with the concepts of general and personal advice, but only 53% of those surveyed correctly identified 'general' advice. "And even when provided the general advice warning, nearly ...

ClearView defends risk advice commissions

KARREN VERGARA  |  TUESDAY, 26 MAR 2019
... tax deductible against income-producing assets. This tax incentive should be expanded to fees such as ongoing personal advice and preparing a financial plan or Statement of Advice, it proposed. ClearView shares last traded at 85.5 cents at publication ...

Remediation to hit Westpac earnings

HARRISON WORLEY  |  MONDAY, 25 MAR 2019
... jettison its financial advice business, with Viridian Advisory set to take on a number of its advisers. By exiting personal advice, Westpac said it would unlock value, given advice had become a high cost, loss-making business.

Westpac exits personal advice, restructures leadership

JAMIE WILLIAMSON  |  TUESDAY, 19 MAR 2019
... its decision to divest or sell-down its asset management businesses," Hartzer said. On exiting the provision of personal advice, Hartzer said the decision reflects the current environment, including the ongoing shift to self-licensing. As part of the ...

Super funds eye intra-fund advice shake-up

KARREN VERGARA  |  FRIDAY, 15 MAR 2019
... advisers not to go down the general advice path, he said, pointing out that many members will not seek or pay for personal advice. Bowtell said the discussion is still in its infancy and it has been somewhat challenging to agree on what those changes ...

ASIC appeals Westpac Federal Court decision

JAMIE WILLIAMSON  |  MONDAY, 18 FEB 2019
... filed an appeal of the decision, seeking greater clarity and certainty as to the difference between general and personal advice for consumers and financial services providers. "The dividing line between personal and general advice is one of the most ...

Former Macquarie advisers have bans reduced

JAMIE WILLIAMSON  |  TUESDAY, 12 FEB 2019
... deceive Macquarie's compliance team into believing general advice or execution only instructions had been given, not personal advice. They then arranged for the same false emails to be saved into Xplan and created false order management system transaction ...

Managed accounts not immune to Royal Commission

KARREN VERGARA  |  TUESDAY, 22 JAN 2019
... separation of product and advice will occur. It could happen in the for-profit sector it would mean offering limited personal advice, so that public offer superannuation funds, managed investment schemes and advisers associated with them would be able ...

ASIC and Westpac court battle sees mixed outcome

DARREN SNYDER  |  FRIDAY, 4 JAN 2019
... trend of Australian's wanting a natural and practical conversation without having to pay for comprehensive personal advice and that this would stand as an important test case for the wealth industry.

Superannuation fund introduces fee changes

KARREN VERGARA  |  THURSDAY, 13 DEC 2018
... relevant information that would have otherwise been inaccessible and expensive. Now, members can get no-cost, personal advice from a WA Super professional in less than an hour," she said. In October, WA Super launched its Boring is Super media campaign ...