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Showing 11 - 20 of 261 results for "General advice"

ASIC levy to slug advisers $48.4m

KARREN VERGARA  |  TUESDAY, 9 JUL 2024
... insurance, and consumer credit insurance will be charged $269,000 or $483 per entity. The 1097 entities that give general advice only will collectively pay nearly $3 million at $2721 per entity. ASIC charges AFSLs that provide personal advice to wholesale ...

IFS launches two courses with Kaplan

KARREN VERGARA  |  FRIDAY, 5 JUL 2024
... gears up to offer more financial advice. The courses target super fund staff predominately working in call centres, general advice, and education delivery teams. The first program, Superannuation Industry Induction, is a foundational module that introduces ...

Equip Super to introduce retirement specialists

ELIZA BAVIN  |  TUESDAY, 11 JUN 2024
... and personal support people approaching and in retirement need. "The retirement specialists are qualified to give general advice but more importantly provide guidance and support for all things retirement, not just the technicalities of retirement products." ...

Australian Unity lashed by ASIC over TMD questionnaire

JAMIE WILLIAMSON  |  THURSDAY, 6 JUN 2024
... Australian Unity and other distributors of the fund cannot provide product disclosure statements for or provide general advice to retail clients about the fund for 21 days, unless the orders are revoked prior.

AFCA flags legal uncertainty on SMSF wholesale test

KARREN VERGARA  |  THURSDAY, 28 MAR 2024
... "The financial firm on the other hand, said that the SMSF was a wholesale client. It also said it only provided general advice and that the trustee was responsible for all investment decisions," Sidoti said. This is on top of the financial adviser relying ...

Aussies want advice from their super fund: CFS

CHLOE WALKER  |  TUESDAY, 23 JAN 2024
... their super to pay for advice. Interestingly, there is greater demand from advised consumers for both digital and general advice (45%), in comparison to those unadvised (36%). "These findings confirm both the value of advice and the greater willingness ...

Final QAR reforms open door to super funds

CASSANDRA BALDINI  |  THURSDAY, 7 DEC 2023
... complex answers. It may not make sense for them to pay for comprehensive advice, but their needs are not served by general advice, and we want all our members to benefit from the right advice as they transition to retirement." Also welcoming the proposals ...

Adviser levy discount amounts to $8m saving

KARREN VERGARA  |  FRIDAY, 10 NOV 2023
... Licensees that provide personal advice to only wholesale clients will pay $176,202, while those that provide only general advice to retail clients or wholesale clients will be charged $2,252,926 overall. Advisers are the biggest funders of ASIC's ...

ASIC loses case against Diversa

JAMIE WILLIAMSON  |  TUESDAY, 24 OCT 2023
... funds and consolidate them, as well as in obtaining hardship payments. At the time he was only licensed to provide general advice but was later found to have provided personal advice. In addition to rolling people into YourChoice, advice provided by ...

ASIC lifts ClearView interim stop order

KARREN VERGARA  |  FRIDAY, 21 JUL 2023
... products offer an income replacement ratio of up to 60%. The interim stop order affected IP distributed through general advice only and did not affect advisers who provide personal advice. ASIC has thus far issued 39 interim stop orders for defective ...