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Showing 241 - 250 of 575 results for "Directed"

Calls for clarity on personal advice in DDO

KANIKA SOOD  |  MONDAY, 11 NOV 2019
... investor. FSC wants the 'consideration' element to be included in the exemption so that: "Personal advice is not given or directed to a person (including by electronic means) to the extent that the provider of the advice has considered one or more of ...

ACCC to probe rate cut decisions

HARRISON WORLEY  |  MONDAY, 14 OCT 2019
The Australian Competition and Consumer Commission (ACCC) has been directed by the government to immediately establish an inquiry into the behaviour of Australia's banks when it comes to passing on interest rate cuts. Announcing the inquiry on this ...

Government moves to expand design, distribution laws

HARRISON WORLEY  |  FRIDAY, 13 SEP 2019
... distribution obligations. The government has released updated design and distribution obligations, which now extend to investor directed portfolio services (IDPS), basic banking products, products sold in certain situations where the obligations could ...

Saxo partners for new reporting service

ELIZABETH MCARTHUR  |  WEDNESDAY, 11 SEP 2019
... institutional grade reporting service. The partnership with Sharesight will deliver an integrated recordkeeping service for self-directed investors. Saxo described the initiative as "open banking-like" in its approach. Through an open API (application ...

Priced out: Advice affordability at risk

ELIZABETH MCARTHUR  |  MONDAY, 9 SEP 2019
... accessibility and affordability of high-quality financial advice. This was reinforced by the Royal Commission's which directed legislators to consider the impact any changes might have on the industry's ability to achieve this. Anderson argued ...

REP 515 divides advice community

ELIZABETH MCARTHUR  |  WEDNESDAY, 28 AUG 2019
... regulators to consider unintended consequences. He pointed to the Royal Commission terms of reference which specifically directed legislators to consider how changes to legislation might impact the cost of financial services for the average Australia. ...

IOOF advice remediation hits $235m

KARREN VERGARA  |  MONDAY, 26 AUG 2019
... return of service fees, estimated client loss for inappropriate advice, interest for time value of money at ASIC's directed rate of RBA cash rate + 6% and committed costs to resource the compensation program," IOOF said. Chief executive Renato Mota ...

Midwinter acquired by Bravura

JAMIE WILLIAMSON  |  FRIDAY, 23 AUG 2019
... differentiated technology-based solution to support traditional advice delivery methods, compliance obligations and self-directed digital advice delivery methods." Commenting on the deal, Bravura chief executive Tony Klim said the Midwinter team has ...

IOOF establishes super trustee office

HARRISON WORLEY  |  WEDNESDAY, 21 AUG 2019
... meeting the OST deadline drew the ire of the prudential regulator, which in May exercised its newly vested powers and directed IOOF to implement and maintain the OST or risk facing a financial penalty under the SIS Act. Recently appointed IOOF chief ...

Peak bodies respond to government roadmap

KRISTI CHENG  |  TUESDAY, 20 AUG 2019
... further discussion with the government". The final report of the Royal Commission made 76 recommendations, of which 54 were directed to the Government with more than 40 recommendations requiring legislation. 12 are to be taken forward by the regulators ...