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Showing 331 - 340 of 405 results for "Personal advice"

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 ...

FSI zeroes in on vertical advice and retirement income

LAURA MILLAN, JAMES FERNYHOUGH  |  TUESDAY, 15 JUL 2014
... advisers and renaming general advice as 'sales' and mandating that the term 'advice' can only be used in relation to personal advice. "The principle of consumers being able to access advice that helps them meet their financial needs is undermined by ...

Former NAB execs follow Hartley to Sunsuper

JAMES FERNYHOUGH  |  WEDNESDAY, 2 JUL 2014
... internal advice capabilities, Sunsuper will partner with external independent advisers to provide members with personal advice. As yet no partnerships have been announced. Hartley said the fund would also focus more on competing in the corporate master ...

Senate report, a turning point for advice industry

LAURA MILLAN  |  THURSDAY, 26 JUN 2014
... university degree, three years' experience and on-going professional development. It also asked that advisers who give personal advice on Tier 1 products should pass a national examination "developed and conducted by relevant industry associations." ...

Prepare for the 'financial Amazon': Joye

JAMES FERNYHOUGH  |  THURSDAY, 19 JUN 2014
... the reforms is use of balanced scorecards. He said these essentially allow advisers to receive commissions for personal advice.

SPAA voices concern over conflicted remuneration

LAURA MILLAN  |  THURSDAY, 19 JUN 2014
... for a "removal of the general advice provisions in favour of a simple distinction between sales information and personal advice." "What needs to be done is to make the legislation perfectly clear on this issue instead of trying to clarify its operation ...

FoFA changes designed to protect big players: opposition

LAURA MILLAN  |  TUESDAY, 17 JUN 2014
... industry towards increased consumer confidence and improved uptake of financial services and towards the provision of personal advice over general advice." The ISA referred to "strenuous concerns raised by consumer and senior groups, academics and industry ...

Stakeholders stage FoFA confrontation in Senate submissions

LAURA MILLAN  |  WEDNESDAY, 7 MAY 2014
... the opt-in requirements, the obligation to provide fee disclosure statements and the separation of general and personal advice. The Financial Services Council (FSC) asked the Senate Economics Committee to repeal the opt-in requirements, as well as the ...

YBR adds 13 branches to its network

LAURA MILLAN  |  THURSDAY, 1 MAY 2014
... report to the Australian Securities Exchange (ASX). The group has given so far 70 accreditations for credit and personal advice, 37 for credit and general advice (simple life insurance and savings), 40 for credit advice only and 30 for personal advice ...