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Showing 331 - 340 of 393 results for "Personal advice"

Government limits general advice exemption in FoFA amendments

LAURA MILLAN  |  THURSDAY, 20 MAR 2014
... employees working under a financial services licensee and advising retail clients. The employee must have not provided personal advice to retail clients in the last 12 months, and financial product recommended must be issued or sold by the licensee. ...

Professional planners don't accept commissions: FPA

ALEX DUNNIN  |  WEDNESDAY, 19 MAR 2014
... commission should be payable on any form of investment or superannuation, regardless of whether it's specific personal advice or general advice," said Rowe, speaking on ABC television's Lateline program last night. "It's about managing the conflict [of ...

Intra-fund advice is low-cost

STAFF WRITER  |  TUESDAY, 18 MAR 2014
... their superannuation such as that provided by the current definition of intra-fund advice rather than detailed personal advice. ASFA said this reinforced separate ASIC research that found around one-third of fund members prefer to receive financial advice ...

CFS outlines post-awards plans

JAMES FERNYHOUGH  |  WEDNESDAY, 5 MAR 2014
... relationship managers." When asked how CFS avoid conflicts of interest here, she said: "If the employer wants personal advice or to run a competitive tender, we refer them to an independent consultant or adviser thus avoiding potential conflicted advice ...

FPA "extremely wary" of general advice commissions

LAURA MILLAN  |  FRIDAY, 21 FEB 2014
... remuneration could lead to "a dual regime where commissions are permitted on general advice, but prohibited where personal advice is provided. "This could create a loophole in the advice regime where it is possible to charge a notional amount for a personal ...

FoFA reform brings general advice into the spotlight

LAURA MILLAN  |  MONDAY, 17 FEB 2014
... centres." He stressed that the changes "will have no relevance to the activities of financial advisers who provide personal advice and have ongoing relationships with their clients." The AFA argued that most advisers have a large range of products to ...

Industry funds oppose bachelor degree for general advisers

LAURA MILLAN  |  TUESDAY, 11 FEB 2014
... standards for advisers, including the eventual requirement for a bachelor's degree for practitioners providing a personal advice service," the submission said. "AIST and ISN do not support a degree requirement for practitioners who provide a general ...

Industry funds ask for specialised SMSF adviser training

LAURA MILLAN  |  THURSDAY, 3 OCT 2013
... for financial advisers, including the eventual requirement for a bachelor's degree for practitioners providing a personal advice service but does not support a degree requirement for practitioners who provide a general advice service.

Less than 1% of AusSuper members seek advice

JAMES FERNYHOUGH  |  THURSDAY, 15 AUG 2013
... it to be a quick process. Meanwhile, QSuper said its advice team hopes to issue approximately 17,000 pieces of personal advice in 2013/14, compared with 10,000 for 2012/13. With a membership of more than 540,000, that would amount to just over 3% of ...

MTAA launches individual advice service

JAMES FERNYHOUGH  |  WEDNESDAY, 7 AUG 2013
Industry super fund MTAA will now offer a new limited personal advice service to its members. The service allows members to receive advice on their individual situation in areas such as contributing to super, transition to retirement, insurance and ...