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Showing 21 - 30 of 261 results for "General advice"

ASIC cancels FTX Australia's licence

CASSANDRA BALDINI | WEDNESDAY, 19 JUL 2023

... 2021. Before its suspension, FTX Australia's licence permitted it to deal in, make a market for and provide general advice relating to derivatives, and foreign exchange contracts to retail and wholesale clients. In the early months of 2022, the collapse ...

ASIC slaps interim stop order on ClearView

KARREN VERGARA | WEDNESDAY, 19 JUL 2023

... through to age 65. Clearview Life is now prohibited from engaging in retail product distribution and providing general advice for the income protection products to new customers. The orders are valid for 21 days unless revoked earlier. ASIC said it expects ...

Treasury to scrap advice admin burdens, boosts intra-fund advice

KARREN VERGARA | TUESDAY, 13 JUN 2023

... advice more accessible, Jones will broaden the definition of personal advice (Recommendation 1) and remove the general advice warning (Recommendation 2). Non-relevant providers will be able to provide personal advice (Recommendation 3) and the Good Advice ...

Regulation, funding inhibits digital advice: Report

KARREN VERGARA | MONDAY, 22 MAY 2023

... risks of "treading into personal advice territory, particularly after the High Court ruling in the Westpac case on general advice". While the Quality of Advice Review is expected to solve the issue of blurred regulatory lines and lack of certainty, the ...

Finfluencers bridge financial advice gap

KARREN VERGARA | THURSDAY, 18 MAY 2023

One year since ASIC forced finfluencers to obtain a general advice licence or else, finfluencers playing by the rules are reaching financially illiterate and disengaged Australians in a way that traditional advice has failed to. Finfluencers backed ...

Adopt QAR recommendations now: Levy

CASSANDRA BALDINI | TUESDAY, 2 MAY 2023

... explanation, it is not based on the facts," she said. She reminded industry that such institutions already provide "general advice" and said the changes will simply mean the customer's personal circumstances will need to be taken into consideration ...

Digital advice association in the works

CASSANDRA BALDINI | TUESDAY, 11 APR 2023

... advice and digital advice. "Robo advice is completely different," he highlighted. "It's usually only online general advice which focuses on investment opposed to super or insurance and those kinds of issues," he said. As the group looks to standardise ...

ASIC issues more interim stop orders

CASSANDRA BALDINI | FRIDAY, 10 MAR 2023

... Interactive Brokers from offering, issuing, or giving a product disclosure statement (PDS) and to stop it from providing general advice to retail clients in relation to SYEP Derivatives. The watchdog was concerned the TMD inappropriately included investors ...

QAR does not "trash" FoFA: Anderson

CASSANDRA BALDINI | TUESDAY, 7 MAR 2023

... interest duty. Anderson said: "In reality, much of this advice is going to replace what was previously done as general advice, where there was no BID or anything like it. In any case that is a more complex matter and not part of our quick win's proposal." ...

Put controls in place for super funds: Associations

CASSANDRA BALDINI | THURSDAY, 9 FEB 2023

... said many pointed to the need for change. "Some superannuation funds particularly highlighted the importance of general advice, noting it was a type of advice which was accessed by the largest proportion of their fund members," she said. Levy added that ...

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Australian Unity to shed 195 roles

MATTHEW WAI

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

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