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Showing 3691 - 3700 of 4393 results for "financial Advice"

FOFA passing causes industry division

ELISE BURGESS  |  FRIDAY, 23 MAR 2012
The Future of Financial Advice legislation has successfully passed through the House of Representatives to very mixed reactions from the wealth management industry. Minister for Financial Services Bill Shorten called the legislation "historic reforms" ...

CommInsure names new head of national accounts

CLAIRE MCGREAL  |  FRIDAY, 23 MAR 2012
... for a national accounts manager. Tim Browne, CommInsure general manager, retail advice, said the independent financial advice national accounts portfolio would benefit as a result of Sarah-Le Lacheur's "depth of experience and expertise".

FOFA opt-in amendment in full

CLAIRE MCGREAL  |  THURSDAY, 22 MAR 2012
... opt-in. The amendment, as seen by Financial Standard this afternoon, states: Corporations Amendment (Future of Financial Advice) Bill 2011 Schedule 1, item 10, page 8 (after line 19), at the end of Subdivision A, add: ASIC may exempt a person, or a class ...

FPA: Stance on opt-in remains the same

ELISE BURGESS  |  WEDNESDAY, 21 MAR 2012
... that would exempt planners from the opt-in requirement after just four years, in an effort for the Future of Financial Advice (FOFA) reforms to move forward. Mark Rantall, chief executive of FPA, told Financial Standard that such conjecture was expected ...

ASIC, FPA, and FOS address shadow shopper report

ELISE BURGESS  |  WEDNESDAY, 21 MAR 2012
... that conflict of interest has again emerged as a problem for consumers in its latest shadow shop research on financial advice. The report, due to be released later this month, contains results from 64 retirement plans, where a tiny 3% of plans were deemed ...

Senate committee gives FOFA green light

MELANIE TIMBRELL  |  THURSDAY, 15 MAR 2012
The Senate Economics Legislation Committee has released its report on the future of financial advice bill recommending passage subject to nine recommendations. The report was tabled in Parliament yesterday, with the House of Representatives debate due ...

Gold Coast adviser faces criminal charges

CLAIRE MCGREAL  |  THURSDAY, 15 MAR 2012
... advice he gave, and seven counts of making a false or misleading statement. The DPP alleged that Weaver provided financial advice to a number of clients without having a reasonable basis for it when working for Enhanced Capital and The Salisbury Group ...

ASIC tackles platform industry

CLAIRE MCGREAL  |  TUESDAY, 13 MAR 2012
... business models emerging. We also anticipate that more investors will seek to make direct investments without financial advice," said Peter Kell, commissioner, ASIC. In response to this, ASIC is seeking extra requirements for platform operators to improve ...

AMP expands network with Futuro acquisition

MELANIE TIMBRELL  |  THURSDAY, 8 MAR 2012
... attracted to our proposition to deliver quality advice to Australians, the better," Andrew Waddell, director of AMP's financial advice network told Financial Standard. "Clearly if there's an opportunity to do that through acquisition, we'll take that ...

Adviser banned for chasing commissions

ELISE BURGESS  |  WEDNESDAY, 7 MAR 2012
... employee of Jalee Consulting Group Pty Ltd (Jalee), also an authorised representative of GuardianFP. She provided financial advice and arranged life insurance. During an investigation by the Australian Securities and Investments Commission (ASIC), it ...