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Showing 441 - 450 of 1613 results for "Recommended"

ASIC bans financial adviser

KRISTI CHENG  |  WEDNESDAY, 28 AUG 2019
... adequately identify his clients' objectives, financial situation and needs, or investigate whether the financial products recommended were suitable. Goudie was an authorised representative of Risk and Investment Advisors Australia, and National Australia ...

Treasurer moves on broker remuneration

ELIZABETH MCARTHUR  |  TUESDAY, 27 AUG 2019
... government's response to the Royal Commission, releasing draft legislation is in response to recommendation 1.2 which recommended mortgage brokers be required to act in the best interests of the consumer and that any breach of that duty should be subject ...

ASIC to review end of grandfathering

ELIZABETH MCARTHUR  |  WEDNESDAY, 21 AUG 2019
... Future of Financial Advice reforms in 2013, trail commissions on existing investments were exempt. The Royal Commission recommended an end to the payments as soon as practicable.

Salary sacrifice loophole bill insufficient: ISA

KRISTI CHENG  |  MONDAY, 19 AUG 2019
... Office noting in its 2015 audit of the ATO, "the SG Scheme operates largely without the intervention of the ATO". ISA recommended that the Senate Economics References Committee support Schedule 7 of the bill, so long as "all enhanced employer payroll ...

ASIC bans adviser again

HARRISON WORLEY  |  FRIDAY, 16 AUG 2019
... Chaucer Group revealed he failed to obtain adequate information from clients about their personal circumstances and recommended new insurance products without considering existing policies. Additionally, Aujla recommended insurance cover based on what ...

BT advice boss lands new role

KANIKA SOOD  |  WEDNESDAY, 7 AUG 2019
... transforming, creating growth opportunities." Wright was last year questioned about the conduct of a Westpac adviser who recommended securities to his clients without taking their individual circumstances into account and how the company dealt with ASIC ...

Adviser stole $200k from SMSFs

ELIZABETH MCARTHUR  |  TUESDAY, 6 AUG 2019
... Insignia Platforms. In addition to the theft, ASIC found Michael failed to disclose commissions on investments he recommended, failed to disclose conflicts of interest in investment recommendations, failed to prioritise his clients' interests ahead of ...

AFA, FPA slam haste in ending grandfathered commissions

KRISTI CHENG  |  FRIDAY, 2 AUG 2019
... and more-affordable products are available on the market," he said. The final report of the Hayne Royal Commission recommended repealing the grandfathering provisions "as soon as is practicable". De Gori said the cost of the commission is embedded in ...

Jane Hume to address AFA Conference

KRISTI CHENG  |  THURSDAY, 1 AUG 2019
... retirement income system, as well as cleaning up the inefficiencies that prevent members from retiring with more money, as recommended by the Productivity Commission. This week, Hume and Treasurer Josh Frydenberg announced the government will introduce ...

Ban unsolicited life insurance sales: Poll

KARREN VERGARA  |  MONDAY, 29 JUL 2019
... consumer credit insurance (CCI) sold via call centre staff should be outlawed. The financial services Royal Commission recommended that the unsolicited sales of superannuation and insurance products should be prohibited. ASIC will act on this recommendation ...