Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 21 - 30 of 129 results for "Scaled Advice"

BT cuts Wealth Connect

ALLY SELBY  |  FRIDAY, 16 OCT 2020
BT has proposed changes to its Wealth Connect business which could see at least 38 roles become redundant, as Westpac continues to review its wealth platform, superannuation, investments and insurance businesses. BT's Wealth Connect team provides ...

ASIC reviewing risk advice, pushes for scaled advice

ANNABELLE DICKSON  |  WEDNESDAY, 14 OCT 2020
... Investments Commission is conducting a review of life insurance advice and plans to consult with the industry on scaled advice this year. Speaking at the Association of Financial Advisers Conference, ASIC senior executive leader, financial advisers Kate ...

FSC calls for scaled advice model

ALLY SELBY  |  TUESDAY, 11 AUG 2020
... two-year reform to enable scalable advice to help Australians through this period of economic uncertainty," it said. "Scaled advice would be documented through a Record of Advice and allow a client to seek advice on a specific subject, such as the impact ...

Fidelity backs personality tests

ELIZABETH MCARTHUR  |  FRIDAY, 31 JAN 2020
... about the human interaction with an adviser and want to know they're on the right path. Compass navigators want scaled advice with low fees and often worry about money. They have tight budgets and haven't built wealth. Their relationships with advisers ...

FASEA responds to concerns

ELIZABETH MCARTHUR  |  FRIDAY, 20 DEC 2019
... been met. If not, advisers will have to work out a "practicable" timeframe to do so. 7. How the code applies to scaled advice FASEA said it is not seeking to prohibit scaled advice. But, advisers must consider the longer-term requirements of the client ...

18 misconceptions about FASEA code

ELIZABETH MCARTHUR  |  THURSDAY, 19 DEC 2019
... FASEA. The code has too many areas of uncertainty: Patterson argues there is not much left uncertain. The code makes scaled advice very difficult: Advice may be scaled when it is in the client's interest, he explained. Standard 2 will increase the cost ...

Non-compliant personal advice rife at super funds: ASIC

JAMIE WILLIAMSON  |  TUESDAY, 3 DEC 2019
... files from 28 AFSLs providing advice on behalf of 21 super funds. This included a mix of intra-fund advice (14%), scaled advice (29) and comprehensive advice (57%) but did not include general advice. Industry funds provided 128 files; 59 files came from ...

Advice associations welcome ASIC stance

HARRISON WORLEY  |  WEDNESDAY, 27 NOV 2019
... advocate for changes to Standard 3 and further guidance across the board, in particular with respect to Standard 7 and scaled advice," Kewin said. Kewin's FPA counterpart Dante De Gori agreed, but said ASIC's facilitative compliance approach didn't excuse ...

AIST finds issues with FASEA code

ELIZABETH MCARTHUR  |  MONDAY, 25 NOV 2019
... comprehensive advice is not needed by all members," Scheerlinck said, "The need to be able to offer cost-effective scaled advice is fundamental, particularly given research that has shown that Australians express a preference for piece-by-piece advice ...

Centrepoint revenue model improves bottomline

KARREN VERGARA  |  THURSDAY, 22 AUG 2019
... financial advice sector's business model need to change. We are leading by example and we were one of the first scaled advice businesses to reset pricing," Benbow said.