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Showing 291 - 300 of 1613 results for "Recommended"

Insurers dodging Royal Commission reform

ELIZABETH MCARTHUR  |  MONDAY, 12 JUL 2021
... industry to side-step the Royal Commission recommendations and are to the detriment of consumers. Commissioner Hayne recommended that the government implement an economy-wide deferred sales model for add on insurance products after the Royal Commission ...

Stop abusers hiding super: AIST

ELIZABETH MCARTHUR  |  FRIDAY, 2 JUL 2021
... separations, or escaping abusive relationships," Scheerlinck said. This new information-sharing process was first recommended by WLSV in their Small Claims Large Battles report in 2018. The government originally announced that it would progress this ...

Regulators warn trustees of super advice fee obligations

KARREN VERGARA  |  THURSDAY, 1 JUL 2021
... Fees and Independence Act received Royal Assent, limiting the advice fee deductions from superannuation accounts as recommended by the Hayne Royal Commission. Recommendation 3.3 sought to prohibit the deduction of advice fees (other than for intra-fund ...

Mainstream bidding war over

ANNABELLE DICKSON  |  MONDAY, 28 JUN 2021
... the deadline therefore Mainstream terminated the scheme implementation deed. The directors of Mainstream unanimously recommended shareholders vote in favour of the Apex offer. Apex's offer includes an enterprise value for Mainstream of around $415 million ...

Court orders new group definition in CBA advice class action

KANIKA SOOD  |  WEDNESDAY, 23 JUN 2021
... Edward Thomas. They claim that financial advisers working for Commonwealth Financial Planning and Financial Wisdom recommended their clients take out life insurance policies through former CBA subsidiary Commonwealth Mutual Life Assurance (now owned ...

Advisers win annual renew law relief

KARREN VERGARA  |  FRIDAY, 11 JUN 2021
... reduces costly red tape on industry and maximises outcomes for consumers. The financial services Royal Commission recommended the annual renewal obligations in a bid to stamp out the fee-for-no-service problem that plagued the advice industry. The Association ...

Government to strengthen FMI

ANNABELLE DICKSON  |  WEDNESDAY, 9 JUN 2021
... reform package and further work undertaken in 2019 by the CFR who had consulted on measures to strengthen FMIs and recommended reforms to the government.

Former adviser hit with three-year ban

KARREN VERGARA  |  FRIDAY, 4 JUN 2021
... failed to consider his clients' existing products when making recommendations to switch products and did not align recommended investment strategies with client risk profiles. Smith failed to properly disclose costs in advice documents and the consequences ...

Magellan retirement product nears launch

KANIKA SOOD  |  WEDNESDAY, 26 MAY 2021
... capabilities to target monthly distributions for investors, while forgoing a fixed income allocation. The minimum recommended holding period for investments will be seven to 10 years. The fund is expected to have a mortality component, where investors ...

Research reveals factors influencing advice

JAMIE WILLIAMSON  |  WEDNESDAY, 26 MAY 2021
... despite being given the same hypothetical information. When it came to asset allocations, Oxford Risk described those recommended as "scattershot", adding that even when advisers agreed on risk tolerance, they disagreed on asset allocation. The research ...