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Showing 251 - 260 of 273 results for "Statement of Advice"

Family banned by ASIC and AFSL revoked

HAMISH MADDEN  |  MONDAY, 13 NOV 2006
... husband and wife Terence Franke and Wendy Franke. Terence was banned for two years for failing to provide a statement of advice and for providing incomplete statements of advice on other occasions. His wife Wendy was banned for one year for failing to ...

Coin rolls out insurance in updated software

KATE HAGE  |  WEDNESDAY, 11 OCT 2006
... sits on adviser's desktops, is integrated into their financial planning software and provides a risk only statement of advice. "Risk advice is now more efficient. It's all built up within coin, allowing advisers to move between investment planning and ...

Another Elm associate banned by ASIC

HAMISH MADDEN  |  TUESDAY, 11 JUL 2006
... recommended another investment for the same couple of $40,000 in November 2003 for which he failed to provide a Statement of Advice. ASIC found that Flegg breached the Corporations Act in failing to make independent inquiries into the nature of the investment ...

Coin upgrades insurance software

HAMISH MADDEN  |  MONDAY, 8 MAY 2006
... lets advisers compare products, build a client strategy and deliver advice in a risk-only or comprehensive statement of advice.

ASIC shadow shopping: the good, the bad and the ugly

... is recommending in-house or associated products. And another problem highlighted concerned the issuing of Statement of Advice (SOA). The survey revealed only 20 per cent of consumers received proper disclosure of the costs and consequences of switching. ...

FPA principles push fee transparency to highest levels ever

... necessitate constant changes. Under the principles, planners must identify their advice fee separately in their Statement of Advice and disclose total fees for ongoing advice on a regular basis. "That way the cost of advice is separated from other costs ...

Macq Cash Management Trust swells to $12bn

... administrative requirements of Self Managed Superannuation Funds," Roderick said. Commenting on recent changes to Statement of Advice requirements, Roderick said the simplified process would further help advisers in setting up a sound cashflow management ...

ING software roll-out to reduce the SoA burden

ING is set to roll-out a new online limited advice solution to reduce the Statement of Advice burden for advisers. Using a customised version of XPLAN's financial planning software, ING will launch the online limited advice solution as part of its substantial ...

FSR changes usher era of less but better compliance

... crucial changes to the FSR. Among these were reducing the frequency that financial advisers have to issue a Statement of Advice (SoA) to clients, exempting basic deposit products or similar such as Cash Management Trusts (CMTs) from some compliance rules ...

AXA launches pay-as-you-go adviser software

... and paraplanning. He added that IWL's VisiPlan and VisiWeb programs will also feed directly into the group's Statement of Advice (SOA) generation tool, which again cuts processing time. And in more good news, AXA also announced twin initiatives designed ...