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Showing 271 - 280 of 654 results for "Reference"

Poor SoAs hindering advice process

JAMIE WILLIAMSON  |  MONDAY, 21 MAY 2018
There is growing concern that a lack of clear and consistent templates for Statement of Advice documents is potentially causing financial advice clients to sign off on advice they don't actually understand. Paraplanning services provider YTML has seen ...

Chief economist update: Wisdom of the crowd

BENJAMIN ONG  |  MONDAY, 21 MAY 2018
... better than those supplied at one man's cost." - "Politics", Aristotle This, according to Dr. Google, was the first reference to what has now been applied to statistics, business and advertising strategy and financial markets, etc. and termed "wisdom ...

Unlicensed SMSF advice not systemic: ASIC

HARRISON WORLEY  |  FRIDAY, 4 MAY 2018
... websites. ASIC established an investigation into the provision of unlicensed SMSF advice by accountants, specifically with reference to advice accountants may have given to their clients over the acquisition or disposal of SMSF interests. After the accountant ...

Royal Commission invite refused by Dover

JAMIE WILLIAMSON  |  FRIDAY, 27 APR 2018
... ordinarily understood?" Costello asked. "Yes. Well, actually, it's interesting, because they're assessing the work with reference to whether it satisfies the rules in 961b(1) [of the Corporations Act]," McMaster replied. McMaster said he believed lawyers ...

Royal Commission presents clear downside for bank stocks

ALEX BURKE  |  MONDAY, 23 APR 2018
... Jarrod Martin and Brendon Ferreira suggests a clear downside risk for the sector, noting "the Commission's broad terms of reference create a fair amount of uncertainty as to the direction it will ultimately take." However, so far, several themes have ...

Westpac obscured bad adviser reference check

KARREN VERGARA  |  FRIDAY, 20 APR 2018
... after he resigned from Westpac in March 2015 before facing any repercussions. In May 2015, Dover rang Westpac seeking a reference on Smith. Westpac replied it was not in its policy to provide written replies or references - only that it had "concerns ...

RECAP: Advice in the Royal Commission spotlight (Day 4 and 5)

KANIKA SOOD  |  FRIDAY, 20 APR 2018
... appearance. Here's everything you need to know: April 20: First casualty at AMP, BTFG talks culture, Westpac refuses reference check for an errant adviser Before the Commission in Melbourne woke up for the day, AMP announced chief executive Craig Meller ...

Royal Commission latest: CBA doing more with fewer advisers

KARREN VERGARA  |  WEDNESDAY, 18 APR 2018
It took Commonwealth Bank two years to notify ASIC its financial advisers were failing to meet ongoing service obligations - all during a time when it slashed adviser numbers and doubled its client base. This is according to CBA executive general manager ...

SMSF home bias drags returns

KARREN VERGARA  |  TUESDAY, 17 APR 2018
... returns for the sector in the 12 months to February, latest SuperGuard 360 research shows. According to the SG360 SMSF Reference Index, SMSFs generated a 5.5% return (before fees and tax) - well below the returns for members invested in MySuper products. ...

AMP executive 'apologises' for advice failings

JAMIE WILLIAMSON  |  MONDAY, 16 APR 2018
... Corporations Act, Regan said: "No, I don't believe we've admitted those as yet." Asked again what breaches his apology was in reference to, Regan said: "We know that we have committed breaches in relation to retaining fees on client accounts - that's ...