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Showing 251 - 260 of 393 results for "Personal advice"

Advice mentoring opportunities abound

JAMIE WILLIAMSON  |  TUESDAY, 21 AUG 2018
... component, whereby new entrants must complete a professional year alongside an existing adviser before they can provide personal advice to retail clients. "However, it's not a 'revolving door' discipline for those planners contemplating becoming a mentor ...

ANZ grilled over Smart Choice sales

JAMIE WILLIAMSON  |  THURSDAY, 16 AUG 2018
... Pankhurst said. Hodge asked Pankhurst whether he was aware that ASIC's position was that the practice was akin to personal advice. "My understanding was it was the proximity of the A to Z Review and then - despite the delinking statements and the ...

Productivity Commission proposes more changes to financial advice

KARREN VERGARA  |  MONDAY, 6 AUG 2018
... terminology of advice requires consumers to intuitively understand that general advice is like marketing; and personal advice is actually tailored to their situation and carries with it some protection against misuse. APLs need greater transparency to ...

Existing but unregistered advisers at risk

JAMIE WILLIAMSON  |  THURSDAY, 2 AUG 2018
... provider under the new professional standards. "Therefore, financial advisers who are currently authorised to provide personal advice to retail clients on more complex financial products should make sure they are on FAR," ASIC said. Otherwise existing ...

Industry fund grows advice access

HARRISON WORLEY  |  WEDNESDAY, 25 JUL 2018
... likely to last. Media Super said the new site would provide real-time insights and help members understand what the personal advice provided means to them, guiding members to take positive action against the advice. In a statement Media Super said while ...

Super funds countdown to Royal Commission

KARREN VERGARA  |  MONDAY, 9 JUL 2018
... Kathy Marika's case study, Orr summarised that Select breached the Act when call centre employees provided personal advice without proper authorisation; sold a product without expressly obtaining her consent; and overall engaged in unconscionable ...

CBA, ANZ told to clean up superannuation distribution

KANIKA SOOD  |  FRIDAY, 6 JUL 2018
... and the discussion about Essential Super or Smart Choice Super was leading CBA staff and ANZ staff to provide personal advice to customers about their superannuation," the regulator said. Branch staff for both CBA and ANZ were only authorised to provide ...

ASIC slams SMSF advice, flags further education reform

JAMIE WILLIAMSON  |  FRIDAY, 29 JUN 2018
... these results indicate a need to increase the education and training requirements for advice providers who provide personal advice on SMSFs," ASIC said in its report. The regulator said deficiencies ranged from record-keeping and process failures to ...

Super industry critiques PC draft report

KARREN VERGARA AND STEPHEN FAY  |  WEDNESDAY, 20 JUN 2018
... to deal with finances, such as cognitive decline. While this type of advice might fall into the general versus personal advice grey area, Cooper said it's not insurmountable if new legislation stepped in. However, he pointed out that advisers are ...

AFA criticises draft FASEA standard

KARREN VERGARA  |  FRIDAY, 8 JUN 2018
... emphasise the importance of genuinely understanding the client's personal circumstances, and distinguish between personal advice and product recommendations from general advice and product dealings. Additionally, it's important for FASEA to note that ...