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Showing 4071 - 4080 of 9819 results for "Advisers"

NAB details serious compliance concerns in RC advice submission

JAMIE WILLIAMSON  |  MONDAY, 16 APR 2018
In the past nine years NAB has identified about 70 financial advisers giving rise to serious compliance concerns across its wealth division. In its submissions to the Royal Commission, NAB disclosed that between 1 January 2009 and 1 January 2018, it ...

AMP's buyer of last resort measures scrutinised

JAMIE WILLIAMSON  |  MONDAY, 16 APR 2018
AMP has admitted that its Buyer of Last Resort measures, up until June 2017, were designed to incentivise financial advisers to show preference for its in-house platforms. Giving evidence on the first day of the Royal Commission's inquiry into financial ...

Commonwealth Bank refunding millions in fees for no service

JAMIE WILLIAMSON  |  MONDAY, 16 APR 2018
... million of fee for no service misconduct. Providing examples of misconduct by authorised representatives and financial advisers employed by CBA and related entities, Senior Counsel Assisting Rowena Orr said between July 2007 and June 2015 clients of ...

ANZ issues last minute RC submission correction

JAMIE WILLIAMSON  |  MONDAY, 16 APR 2018
... to provide periodic review services over a specific period. In its original submissions, ANZ identified four financial advisers that failed to provide documented annual reviews to 691 customers between May 2013 and April 2016. "In the corrected submissions ...

ASIC lifts licence conditions on CountPlus subsidiary

KANIKA SOOD  |  MONDAY, 16 APR 2018
... including the executive lineup and the board. "A new management team and board, together with expert legal and compliance advisers, overseen by the regulator, have undertaken a forensic examination of our business, its procedures and policies. The top-to-bottom ...

SMSFs investing restrictions unfair: Poll

KARREN VERGARA  |  MONDAY, 16 APR 2018
... invest in property, as it may trigger the $1.6 million transfer balance cap in retirement. One month later, financial advisers said they were grappling with the regulatory changes to LRBAs. According to BT technical consultant Tim Howard, the proposal ...

Alternative finance the option for millennials

DARREN SNYDER  |  MONDAY, 16 APR 2018
Financial advisers managing millennial money must plan for larger exposure to alternative finance options as the generation tops Australia's user list of online lending products. Speaking at the AltFi Australasia Summit in Sydney today, OnDeck chief ...

AMP admits to serious misconduct in RC submissions

JAMIE WILLIAMSON  |  MONDAY, 16 APR 2018
... Act in relation to fees for no service. Orr said AMP acknowledged 196 events across 14 of its advice licensees where advisers failed to provide customers with services for which they had paid. The events took place between 1 July 2008 and 30 June 2015 ...

Advisers no longer standing still on social media

DARREN SNYDER  |  MONDAY, 16 APR 2018
Financial advisers are no longer sitting on their hands when it comes to social media, using various platforms to have the most meaningful conversations with clients. Latch Social founder and director Tom Loneragan said social media has become a crucial ...

Royal Commission must cast net wider

JAMIE WILLIAMSON  |  MONDAY, 16 APR 2018
... Fund Services chief executive Cath Bowtell says she would welcome any review into the quality of advice provided from advisers licensed by IFS. "We continuously improve our quality assurance regime, and any input from the regulator would feed into that ...