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Showing 21 - 30 of 183 results for "Statements of Advice"

Regulation should be balanced: Levy

ANDREW MCKEAN  |  WEDNESDAY, 1 FEB 2023
... suggested things like reducing the steps in the safe harbour or reducing some of the content requirements for statements of advice, removing annual consent requirements for ongoing fee arrangements, or expanding special exemptions. "But none of these ...

Mixed outlook for paraplanning: Study

ANDREW MCKEAN  |  FRIDAY, 20 JAN 2023
... issues facing paraplanning at the moment is the Quality of Advice Review and its draft proposals regarding Statements of Advice (SoAs). Concerning the cost of advice, KPMG research commissioned by the Financial Services Council (FSC) found the average ...

ASIC accepts EU firm from advice firm

CASSANDRA BALDINI  |  TUESDAY, 15 NOV 2022
... caught ASIC's attention following concerns the firm and its authorised representatives failed to provide Statements of Advice (SoA) to clients as required by the Corporations Act. The investigation identified the firm and its authorised representatives ...

Tech providers support QAR SOA proposals

CASSANDRA BALDINI  |  THURSDAY, 29 SEP 2022
... planning technology providers have agreed with the Quality of Advice Review's (QAR) proposal to remove Statements of Advice. Advice Intelligence founder and chief executive Jacqui Henderson said QAR chair Michelle Levy makes a critical point, consumers ...

A sensible roadmap: Industry responds to QAR paper

JAMIE WILLIAMSON  |  MONDAY, 29 AUG 2022
... accessible. Her recommendations include removing the best interests duty, removing the requirement to provide Statements of Advice, and allowing superannuation funds to provide personal financial advice. She has also suggested scrapping 'general ...

MobiSuper, licensee to pay $250k penalty

JAMIE WILLIAMSON  |  MONDAY, 29 AUG 2022
... MobiSuper account and having other existing super accounts rolled into it, and also failed to provide any Statements of Advice as required by law. This judgment follows a previous decision by the Federal Court in mid-2021 that Tidswell Financial Services ...

Insignia Financial, Personetics partnership

CASSANDRA BALDINI  |  THURSDAY, 4 AUG 2022
... both human and digital experiences - from phone calls and real-time seminars to website content, digital Statements of Advice (SOAs) and benchmarking tools for superannuation fund comparisons. We know there is more work to be done to make advice more ...

Hume pledges less red tape for advisers

KARREN VERGARA  |  WEDNESDAY, 2 MAR 2022
... simplification of disclosure and documentation requirements is also on the table. By way of example, Hume wants Statements of Advice to be more helpful for consumers and less burdensome for advisers to prepare. As flagged late last year, Hume introduced ...

ASIC bans adviser for two years

CHLOE WALKER  |  WEDNESDAY, 22 DEC 2021
... and appropriate for them. "ASIC found that Betalli failed to keep adequate records and gave non-compliant Statements of Advice (SoAs) by not including information about the basis of his advice," a statement released on Monday read. "ASIC considered these ...

Government backflips on adviser education

ELIZABETH MCARTHUR  |  FRIDAY, 17 DEC 2021
... for review - including life commissions, annual renewal, safe harbour and disclosure requirements including Statements of Advice.