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Showing 341 - 350 of 393 results for "Personal advice"

ASIC wants more adviser record-keeping rules

LAURA MILLAN  |  THURSDAY, 1 AUG 2013
... to impose a specific requirement on superannuation trustees to keep certain records where the trustee provides personal advice to members which they charge collectively as 'intra-fund' advice. "We expect industry participants to make a reasonable effort ...

FPA outlines concerns on TASA submission to Treasury

LAURA MILLAN  |  MONDAY, 22 JUL 2013
... FPA asked for more clarity on the definition of advice in the TASA legislation as "the Corporations Act defines personal advice, general advice, and factual information but the TASA definition of tax (financial) advice service covers tax advice that ...

PIS appoints PwC as independent expert

LAURA MILLAN  |  THURSDAY, 18 JUL 2013
... and Investments Commission (ASIC). PwC will report back to ASIC each quarter and will test compliance of PIS's personal advice with regulatory requirements, its ability to identify poor advice and the effectiveness of its advice audit and pre-vet functions. ...

ASIC orders further PIS scrutiny over compliance concerns

LAURA MILLAN  |  WEDNESDAY, 17 JUL 2013
... EU outcomes where necessary. The expert will report back to ASIC each quarter and will test compliance of PIS's personal advice with regulatory requirements, its ability to identify poor advice and the effectiveness of its advice audit and pre-vet functions. ...

ASIC proposes stricter training requirements for advisers

LAURA MILLAN  |  MONDAY, 24 JUN 2013
... requirements for financial planning, securities and superannuation. It also looks at the skill requirements for personal advice and at the requirements of the advisers' educational level. "Training standards play an important role in ensuring that investors ...

LUCRF ramps up advice

LAURA MILLAN  |  MONDAY, 15 APR 2013
... financial situation. LUCRF Super has had an Australian Financial Services Licence (AFSL) that allows it to give personal advice to members since May 2010 and its team of advisers was boosted from four to 20 in the last year. LUCRF intends to continue ...

Mac Private Wealth forced to rectify serious deficiencies

MARK SMITH  |  WEDNESDAY, 30 JAN 2013
... the MPW business, dealing with compliance standards of its advisers, ensuring compliance with the obligations on personal advice, general advice and execution-only dealing transactions. A Macquarie spokesperson said: "We note ASIC's concerns in relation ...

FOFA guidance released

BEN COLLINS  |  FRIDAY, 14 DEC 2012
... client, how to satisfy the 'safe harbour' part of the the best interests duty component, providing appropriate personal advice and prioritising the interests of the client. "Consumers expect financial advisers to act in their best interests when giving ...

Prepare now for MySuper revenue siege: MLC's Doust

MARK STORY  |  TUESDAY, 30 OCT 2012
... charging the corporation for the work undertaken; using your membership base to generate revenue; moving towards personal advice, and finally becoming a specialist in the MySuper space. "The goal is to maintain or replace the revenue stream which MySuper ...

All advice scaled in proposed ASIC guidance

MELANIE TIMBRELL  |  FRIDAY, 10 AUG 2012
... guidance therefore is that the same rules, including the best interests duty and related obligations, apply to all personal advice on a particular topic, regardless of advice scope. The advice provider would therefore be required to apply judgement and ...