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Showing 401 - 410 of 4381 results for "financial advice"

Retail super funds spend big on advice

KARREN VERGARA  |  FRIDAY, 1 NOV 2024
... LGIAsuper, and Mine Super spent between $3 million and $4.4 million. Overall, retail super funds' budget for financial advice dominates the other sectors, with AMP leading the way, spending $294.5 million on Wealth Personal Superannuation and Pension ...

Jones preps DBFO Tranche 2 for parliament

KARREN VERGARA  |  WEDNESDAY, 30 OCT 2024
... super funds, and life insurance firms will be able to provide simple advice. Jones told a recent AFR event: "The financial advice laws in the country are not fit-for-purpose. It's too expensive. Too hard to access. And too strangled by red tape to be ...

Gap exists between licensees' AI use and governance processes: ASIC

MATTHEW WAI  |  TUESDAY, 29 OCT 2024
... reviewed more than 600 AI use cases across 23 licensees as at the end of 2023, which included operations in the financial advice sector and life insurance, to identify potential loopholes in AI incorporation. The Beware the gap: Governance arrangements ...

Cbus rolls out Advice Essentials Plus

KARREN VERGARA  |  MONDAY, 28 OCT 2024
Cbus Super has launched its new financial advice offering, Advice Essentials Plus, which is a step up from its intra-fund advice service. Advice Essentials Plus is the third option on Cbus's financial advice menu, which currently comprises Advice ...

CSLR warns adviser levy will balloon

KARREN VERGARA  |  FRIDAY, 25 OCT 2024
... resumes sitting early next year. Some of the common themes of misconduct arising from the provision of personal financial advice the CSLR observes include the inappropriate linking of SMSF and borrowing to invest in property​; misleading, deceptive ...

Delaying DBFO imposes 'generational' consequences

MATTHEW WAI  |  THURSDAY, 24 OCT 2024
... of Australians and their families will be left behind in financial limbo." According to CALI's research, the financial advice needs of Australians are not being met. More than 40% of Australians want personalised advice that could help them make informed ...

Medium-sized advice firms flourish: Research

KARREN VERGARA  |  THURSDAY, 24 OCT 2024
Financial advice firms with 51 to 100 advisers are the fastest-growing cohort in the past year, new Rainmaker Information research shows. This group saw adviser numbers increase in aggregate by 8% in the 12 months to September. Conversely, groups with ...

ASIC cans timeshare company AFSL

KARREN VERGARA  |  WEDNESDAY, 23 OCT 2024
... (AFSL) of timeshare company Ultiqa Lifestyle Promotions, which has been in trouble in the past for providing bad financial advice. Ultiqa's failure to pay an Australian Financial Complaints Authority (AFCA) determination on June 28 led to the cancellation ...

My Dealer Services appoints head of strategy

MATTHEW WAI  |  MONDAY, 21 OCT 2024
... planning, competitive analysis, and business development. He is also currently the national deputy chair of the Financial Advice Association Australia's Gen Next community. He brings over a decade of experience to the role. Most recently, he was ...

GDG records highest quarterly FUM, inflows growth

MATTHEW WAI  |  MONDAY, 21 OCT 2024
... direction, there is still a significant amount of opportunity to increase our penetration with both existing and new financial advice firms." GDG also confirmed it has completed the acquisition of the remaining interest in Lonsec on August 1, following ...