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Showing 261 - 270 of 273 results for "Statement of Advice"

ASIC issues guidance on general advice warning and SOAs

The Australian Securities and Investments Commission (ASIC) has issued an example Statement of Advice (SOA) and released a proposal to reduce the repetition of advice warning for Australian financial services licensees and their representatives. The ...

RetireInvest streamlines advisory process

... help improve the consumer's experience. Compliance has also been made easier by the new initiatives with the statement of advice having been reduced from 90 pages to 30 pages. The changes have been made with the aim of establishing a solid compliance ...

ASIC reveals financial services refinement projects

... 2005. The first of these is to be completed by August 2005 and aims to provide a working example of a model Statement of Advice (SOA). It will illustrate how an SOA can be put together in clear, concise and effective manner in fewer than 20 pages. ASIC ...

Government releases FSR refinements

... allowed to provide short form product disclosure statements containing core information, improvements to the statement of advice requirements that will highlight key information for consumers, and the changes to the general advice warning requirements. ...

ASIC to be harsh but fair with super choice regulation

... introduced and industry participants make a genuine effort to comply with them. He stipulates failure to provide a Statement of Advice is a practice that will be dealt with severely. This is because it is one of the primary consumer protection devices ...

ASIC's 'Super Switching' campaign catches Tasmanian adviser

... developed to monitor the advice and disclosure by advisers where advisers are required to write a written statement of advice before implementing the advice. The aim of this policy is to ensure consumers have the capacity to make informed decisions about ...

Navigator migrates to n-link

... systems. Advisers will now have access to Stratplan, which allows advisers to automatically produce a compliant Statement of Advice. Additional offerings include customised reporting templates, research and client management. In particular advisers can ...

FPA's advice to industry

... has released the Guide to the Development of Effective Statements of Advice. The manual is a comprehensive statement of advice guide offering guidance to its members in developing statements of advice (SoAs). SoAs must accompany personal financial advice ...

ASIC rules out exemptions to Statements of Advice

... Investments Commission (ASIC) has refused to provide any exemption to financial advisers from providing a Statement of Advice (SoA) in time critical situations following a submission from the Financial Planning Association. In response to the FPA submission ...

New regime for financial services, but unresolved issues remain

AAP  |  THURSDAY, 11 MAR 2004
... nature of disclosure requirements and "advice" statements which are required to be provided to clients. A statement of advice outlines what actual advice is being given, how the information on which it was based was gathered, how the adviser gets paid ...