Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 311 - 320 of 696 results for "Financial products"

Grandfathered commissions to be banned

JAMIE WILLIAMSON  |  MONDAY, 4 FEB 2019
... those who, for their own financial advantage, oppose change that will free advice about, or recommendation of, financial products from the influence of the adviser's personal financial advantage," Hayne said. Generalised fears of unintended consequences ...

Vertical integration changes to reshape personal wealth

DARREN SNYDER  |  WEDNESDAY, 30 JAN 2019
... co-creation. Now, as banks become open platform businesses, they are bringing non-financial offerings and competing financial products into their fold." In Australia, open banking will especially open "windows of opportunity". "As the traditional banking ...

Advisers question value of best interests duty

DARREN SNYDER  |  WEDNESDAY, 30 JAN 2019
... Andrew Alcock said advisers have always considered a range of factors, "and not just price, when selecting financial products to help deliver outcomes for their clients both now and for the future."

ASIC bans former NAB, CBA advisers

JAMIE WILLIAMSON  |  THURSDAY, 24 JAN 2019
... "Financial advisers have a critical role to play in helping consumers make confident and informed decisions about financial products," ASIC commissioner Danielle Press said. "They have an obligation to act in the best interests of their clients when ...

AAT upholds AFSL rejection

OSKAH DUNNIN  |  TUESDAY, 15 JAN 2019
... (AAT). Watson had applied for an AFSL license to provide advice for self-managed superannuation funds and other financial products in June 2016. However, in October 2017, ASIC ruled Watson failed to provide relevant information for his application to ...

Future Fund investment specialist joins NZ Super

KARREN VERGARA  |  WEDNESDAY, 12 DEC 2018
... and was appointed head of strategy in 2010. His experience includes working in senior strategy roles at AIG Financial Products and Morgan Stanley. Prior to that, he worked with both the International Monetary Fund and the Reserve Bank of New Zealand. ...

ASIC funding numbers released

HARRISON WORLEY  |  THURSDAY, 6 DEC 2018
... In addition to the minimum levy of $1500, licensees providing personal advice to retail clients on relevant financial products contributed $934 per adviser in the first year of the new ASIC funding model. These alone totalled more than $25 million. Conversely ...

Vertical integration not to blame

HARRISON WORLEY  |  MONDAY, 26 NOV 2018
... change prohibiting related entities from providing financial advice and being involved in the manufacture of financial products was not necessary. The Commonwealth Bank echoes this sentiment, saying misconduct examined at the Royal Commission - while ...

Global tech wars disrupt $600m market

MICHELLE BALTAZAR  |  WEDNESDAY, 14 NOV 2018
... geography. "We are not a financial services company. We are a technology company that just happen to provide financial products based on user values, user requirements and user experience," Ant Financial Service Group director Jie Song says. Ant Financial ...

Managed accounts provider enters crowdfunding

DARREN SNYDER  |  WEDNESDAY, 7 NOV 2018
... maintains its advantage in the rapidly evolving financial services industry through independence, innovative financial products and new market opportunities to meet clients' investment demands." "Pulse can now provide equity crowdfunding services to ...