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

Search Results

Showing 311 - 320 of 393 results for "Personal advice"

FPA rejects FSC adviser regulation plans

ALICE URIBE, LAURA MILLAN  |  WEDNESDAY, 24 SEP 2014
... advice associations and academics. It would establish advice competency models applicable for advisers providing personal advice, general advice or general information and intra-fund advice. The proposed entity should also set minimum competency requirements ...

Tight regulation getting in the way of digital advice: Minter Ellison

LAURA MILLAN  |  MONDAY, 22 SEP 2014
... used to provide very tailored information and use information to consumers, but the restrictions on providing personal advice make it impractical to make them available in Australia." The law firm proposed that "greater access to affordable financial ...

Advisers must attend ethics classes, say ISA and AIST

JAMES FERNYHOUGH  |  WEDNESDAY, 10 SEP 2014
... ethics and conduct." The two industry bodies also called for a minimum degree requirement for advisers giving personal advice, mandatory continual professional development (CPD) for all advisers, and monitoring and supervision for all new financial advisers. ...

Instos offer advice at a loss to drive product sales: EY

LAURA MILLAN  |  TUESDAY, 9 SEP 2014
... priced and KPIs regarding internal product sales." The submission asked for a sustainable industry model "where personal advice pricing moves beyond heavy cross-subsidisation and more accurately reflects the value provided and the marginal cost of production." ...

Body needed to monitor adviser competency: FSC

LAURA MILLAN  |  TUESDAY, 2 SEP 2014
... planner' in law. The FSC asked that the board establish advice competency models applicable for advisers providing personal advice, general advice or general information and intra-fund advice. The proposed entity should also set minimum competency requirements ...

Call general advice 'sales': CBA

ALICE URIBE  |  FRIDAY, 29 AUG 2014
... should be renamed as 'sales' or 'product information' and the term 'advice' should only be used in relation to personal advice. It also said that providers of sales or product information should not be regulated as advice providers where they are not ...

AMP lifts minimum adviser standards

LAURA MILLAN  |  THURSDAY, 21 AUG 2014
... received when the customer is not satisfied with AMP's response through normal channels. "If the panel finds the personal advice was not appropriate when it was given, the customer will be restored to the position they would have been in if the appropriate ...

FSC Conference: Experts forecast FSI outcomes

MARK SMITH  |  WEDNESDAY, 6 AUG 2014
... FSI to ask for additional advice disclosure and licensing measures beyond FoFA including a distinction between personal advice and general product information. Chipman praised the report's strong appreciation of roles and mutual obligations between all ...

Advice register talks focus on financial advice scope

LAURA MILLAN  |  MONDAY, 4 AUG 2014
... Investments Commission (ASIC) RG146 licensing regime. However, not all of them are financial planners providing personal advice; some give general or scoped advice. De Gori proposed that the register should capture "every individual in the country who ...

ASIC puts an end to PIS monitoring program

LAURA MILLAN  |  TUESDAY, 29 JUL 2014
... monitoring program was put in place in July 2013 to ensure the group's compliance "with regulatory requirements for personal advice, the effectiveness of its advice audit and pre-vet functions and its remediation of poor advice," ASIC said. The Centrepoint-owned ...