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Showing 11 - 20 of 134 results for "Financial product advice"

ASIC accuses Kalkine of providing unlicensed advice

ELIZA BAVIN  |  FRIDAY, 23 MAY 2025
... as part of the sale of subscription services when Kalkine's AFSL only authorised it to provide general financial product advice. Additionally, the regulator said Kalkine's representatives may have misrepresented to customers the kind of advice being ...

iExtend appoints chief operating officer

ELIZA BAVIN  |  WEDNESDAY, 2 APR 2025
... undertaking after ASIC pinged it for possibly operating without a licence, including possibly providing financial product advice. As part of the undertaking, iExtend had to apply for an AFSL.

ASIC issues new guidance on DBFO reforms

KARREN VERGARA  |  FRIDAY, 22 NOV 2024
... AFS Licensees or their representatives dealing in a financial product for the purposes of implementing financial product advice to rely on website disclosure information in place of providing an FSG. INFO 292 FAQs: Informed consents for insurance commissions ...

ASIC levy to slug advisers $48.4m

KARREN VERGARA  |  TUESDAY, 9 JUL 2024
... of days in the financial year they held the relevant AFSL authorisation. AFSLs authorised to provide financial product advice to retail clients on basic banking products, general insurance, and consumer credit insurance will be charged $269,000 or $483 ...

First advice reform bill passes parliament

KARREN VERGARA  |  FRIDAY, 5 JUL 2024
... sections 99FA(1)(a) and (b) of the Superannuation Industry Act, which relates to how super funds charge for financial product advice to members. "Division 1 of this Part repeals and replaces section 99FA of the SIS Act to provide greater clarity to superannuation ...

iExtend receives AFSL after lengthy wait

JAMIE WILLIAMSON  |  THURSDAY, 4 JUL 2024
... undertaking after ASIC pinged it for possibly operating without a licence, including possibly providing financial product advice. As part of the undertaking, iExtend had to apply for an AFSL. That AFSL has now been granted; in the interim iExtend has ...

Super account advice fees a sticking point for advice bill: Senate inquiry

KARREN VERGARA  |  FRIDAY, 21 JUN 2024
... inquiry's final report. This points to section 99FA of the Superannuation Industry Act - the cost of financial product advice that are fees charged to member concerned - which will be amended if the bill is passed. The law states that trustees must ...

Advice reforms draft laws consultation opens

KARREN VERGARA  |  WEDNESDAY, 12 JUN 2024
... remuneration provisions: to ban benefits given by a product issuer or seller which could reasonably influence financial product advice," the explanatory statement shows. In instances where personal advice is provided on general insurance products, the ...

BitConnect promoter pleads guilty

KARREN VERGARA  |  MONDAY, 20 MAY 2024
... until the expiry of the lending period, ASIC's investigation found. On top of this, Bigatton provided financial product advice without holding an AFS Licence or authorisation to provide financial services about the Lending Platform and BCC. He will ...

Social media influencers charged for promoting shady investments

ANDREW MCKEAN  |  FRIDAY, 17 MAY 2024
... links, they must understand their legal obligations. This includes determining if they are providing financial product advice or arranging for their followers to deal in a financial product. It said influencers who conduct a business of providing financial ...