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Showing 31 - 40 of 134 results for "Financial product advice"

ASIC appeal in CBA, CFS case dismissed

JAMIE WILLIAMSON  |  THURSDAY, 17 AUG 2023
... pursued this matter because conflicted remuneration has the potential to cause consumers to be given financial product advice that may not suit their needs," ASIC deputy chair Sarah Court said. "While the Full Court dismissed the appeal it accepted a ...

Trustees lack urgency, strategy on RIC: Regulators

KARREN VERGARA  |  TUESDAY, 18 JUL 2023
... regulators said that collecting information on members, in and of itself, would not result in the provision of financial product advice. "RSE licensees seeking to avoid providing personal financial advice to their members should therefore focus on the ...

Spaceship told to cease super, funds distribution

JAMIE WILLIAMSON  |  FRIDAY, 2 JUN 2023
... were served on May 31, barring Spaceship Capital and its issuer Diversa from distributing or providing financial product advice to retail clients recommending the products. ASIC is concerned the existing target market determination for Spaceship Super ...

ASIC revokes Centurion subsidiary licence, suspends fund manager

ANDREW MCKEAN  |  WEDNESDAY, 24 MAY 2023
... in the interests in managed investment schemes to retail and wholesale clients, and to provide general financial product advice to wholesale client. The licence was suspended after Huntley Management failed to lodge financial statements and compliance ...

Former director hit with dishonesty charges

ANDREW MCKEAN  |  WEDNESDAY, 22 MAR 2023
... purposes as agreed upon with his clients. Further, ASIC claimed that Sandiford wasn't licenced to provide financial product advice during the time of the alleged misconduct. Engaging in dishonest related to financial products or services while operating ...

Super fund advice needs more guardrails: Conference

KARREN VERGARA  |  MONDAY, 27 FEB 2023
... final proposals released in February, Levy recommended amending the Corporations Act to allow for all financial product advice to be considered personal financial advice. This includes enabling super funds to provide personal advice to members and be ...

Put controls in place for super funds: Associations

CASSANDRA BALDINI  |  THURSDAY, 9 FEB 2023
... funds just as much as they do to other financial institutions," she said. "So, they will mean that more financial product advice given by superannuation funds to their members will be personal advice." It's not untrue that a large portion of Australian ...

"A lawyer's picnic": QAR report slammed

JAMIE WILLIAMSON  |  THURSDAY, 9 FEB 2023
... Among her proposals, and as anticipated, Levy suggested amending the Corporations Act to allow for all financial product advice to be considered personal financial advice and for super funds to provide personal advice where it relates to a members' interests ...

Treasury releases Quality of Advice Review final report

CASSANDRA BALDINI, JAMIE WILLIAMSON  |  WEDNESDAY, 8 FEB 2023
... provider. The definition of personal advice in the Corporations Act will also be broadened so that all financial product advice will be personal advice if it is given to a client in a personal interaction or personalised communication by a provider of ...

Advisers, non-relevant providers will not compete: Levy

CASSANDRA BALDINI  |  WEDNESDAY, 16 NOV 2022
... perhaps the most debate. "One of the biggest concerns was opening up the provision of financial advice or financial product advice to people other than financial advisers and the concern that it was really an uneven playing field, [that] people who were ...