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Showing 301 - 310 of 696 results for "Financial products"

Financial advice exit a boon for the industry: Poll

KARREN VERGARA  |  MONDAY, 8 APR 2019
... vertical integration. Hayne said the forced separation of financial advice and companies that sell and manufacture financial products "involved significant disruption" to the industry and the financial services industry more broadly. This is despite ...

Financial product design and distribution law passes

KARREN VERGARA  |  THURSDAY, 4 APR 2019
... Powers) Bill 2019 passed both Houses of Parliament overnight. Providers must determine the target market for financial products on offer and make this known to the public. They must also develop a plan to review target market determinations and specify ...

NFP intra-fund advice is not a distribution channel

KARREN VERGARA  |  WEDNESDAY, 3 APR 2019
... told the recent Financial Advice in Superannuation Symposium in Melbourne that while vertical integration of financial products remained lawful, the separation of product and advice is underpinning advice discussions among retail funds. "Profit-to-member ...

Consumers confused by general, personal advice

ELIZABETH MCARTHUR  |  FRIDAY, 29 MAR 2019
... to grow due to the aging population in Australia. Chester said: "ASIC is seeing increased sales of complex financial products under general advice models - so not tailored to personal circumstances - leaving many consumers, especially retirees, exposed ...

KPMG expands advice remediation team

HARRISON WORLEY  |  TUESDAY, 26 FEB 2019
... occurring in the financial services sector around identifying and remediating issues with advice and other financial products." "There is a strong demand for innovative solutions for how organisations meet community expectations for this remediation. ...

Royal Commission recommendations split industry

KARREN VERGARA  |  MONDAY, 18 FEB 2019
... unscrupulous payday lenders," he said. Cook called for improved transparency in hidden fees and costs across financial products along with improved financial literacy education to better inform consumer decision making. "The final report was light on ...

Royal Commission to disrupt product distribution: Roy Morgan

JAMIE WILLIAMSON  |  WEDNESDAY, 13 FEB 2019
... insights from Roy Morgan show intermediaries account for the distribution of about 35% of the total value of major financial products. Roy Morgan said adoption of the recommendations related to financial planning will likely see a drop in the use of ...

Centuria Life launches new bond offering

JAMIE WILLIAMSON  |  TUESDAY, 12 FEB 2019
... Centuria Life general manager Michael Blake said. "The current climate means more demand than ever for transparent financial products that are sold on merit, and that place control and clarity in the hands of the investor and the adviser. Centuria LifeGoals ...

Synchron slams RC on commissions

KANIKA SOOD  |  WEDNESDAY, 6 FEB 2019
... institution, your clients must understand that you are aligned to that institution, that the institution manufactures financial products and that those products may be recommended to them. "It must be as clear to clients as knowing that when they drive ...

Hayne stops short of dismantling vertical integration

HARRISON WORLEY  |  TUESDAY, 5 FEB 2019
... by Hayne, who said to recommend the forced separation of financial advice and those who sell and manufacture financial products "involved significant disruption" to the industry and the financial services industry more broadly. This is despite Hayne ...