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Showing 31 - 40 of 261 results for "General advice"

Treasury working on QAR, super tax concessions

CASSANDRA BALDINI  |  THURSDAY, 19 JAN 2023
... amendments. At the time, Levy confirmed she is scrapping the obligation to give "good advice" and has vetoed removing general advice from its regulated regime. She explained the decision was made in response to industry concerns. Following an article ...

Regulator issues interim stop orders

JAMIE WILLIAMSON  |  MONDAY, 9 JAN 2023
... Entity Services is prohibited from issuing interests in, providing a product disclosure statement, or providing general advice to retail clients about investing in the fund for 21 days. ASIC said it is concerned that certain risks and features of the ...

No big surprises, Levy promises

CASSANDRA BALDINI  |  WEDNESDAY, 23 NOV 2022
... is given, so that's one thing that I am shifting," she said. Another change will be made to her proposal on general advice. "I was thinking it could move out of the regulated regime. I know that people have raised significant concerns about that ...

Property trusts hit with stop orders

CHLOE WALKER  |  TUESDAY, 22 NOV 2022
... implemented by ASIC, prohibit MPG from issuing interests in, giving a product disclosure statement for, or providing general advice to retail clients recommending investments in two of its trusts. The MPG Bulky Goods Retail Trust and the MPG Essential ...

ASIC suspends FTX Australia's licence

ANDREW MCKEAN  |  WEDNESDAY, 16 NOV 2022
... 2021. Prior to its suspension, FTX Australia's licence permitted it to deal in, make a market for and provide general advice relating to derivatives, and foreign exchange contracts to retail and wholesale clients. FTX Australia can apply to the Administrative ...

Westlawn Financial Services cops stop orders

CHLOE WALKER  |  MONDAY, 24 OCT 2022
... restrict the Grafton-based firm from issuing interests in, giving a product disclosure statement for or providing general advice to retail clients recommending investments in the fund for 21 days, unless revoked earlier. The fund is a portfolio of secured ...

ASIC issues stop orders on Holon funds

CASSANDRA BALDINI  |  MONDAY, 17 OCT 2022
... explaining the order bans Holon from issuing interests in, giving a product disclosure statement for, or providing general advice to retail clients recommending investments in the funds. The three funds under the regulator's watch are the Holon Bitcoin ...

Choice performance test pause in members' best interests: Chant West

CASSANDRA BALDINI  |  FRIDAY, 14 OCT 2022
... Investment Partners chief executive David Wright said he is not satisfied with Levy's proposal to deregulate general advice. "As an investment research business, we are supportive of the QAR and its objectives. We remain a strong advocate of the ...

ASIC issues stop order on third property fund

CASSANDRA BALDINI  |  FRIDAY, 30 SEP 2022
... retail investors. It prevents APIL from issuing interests in, giving a product disclosure statement, or providing general advice to retail clients recommending investment in the Fund. The order is valid for 21 days unless revoked earlier. ASIC explained ...

AMP cops $14.5m penalty over fees for no service

JAMIE WILLIAMSON  |  TUESDAY, 20 SEP 2022
... and $6 million by AMP Life. The fees for no service were charged to 1452 Flexible Super members who had access to general advice through their employer. Despite moving on from that employer and no longer having access to the services, they continued ...