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Showing 31 - 40 of 393 results for "Personal advice"

Government to scrap advisers' approved qualifications list

KARREN VERGARA  |  MONDAY, 10 FEB 2025
... with ASIC from 1 July 2026. The first stage required all relevant providers to be registered before providing personal advice to retail clients about relevant financial products by 16 February 2024. Financial Advice Association Australia's Phil Anderson ...

Jones instigates CSLR review, levy hits $70m

KARREN VERGARA  |  FRIDAY, 31 JAN 2025
... for FY26. As previously foreshadowed in October 2024, the estimate exceeds the $20 million sub-sector cap for personal advice." "The key contributors driving the expected number of claims are attributed to Dixon Advisory & Superannuation Services and ...

Grattan Institute renews calls for best-in-show super funds, partial annuitisation

KARREN VERGARA  |  MONDAY, 20 JAN 2025
... service to help retirees and pre-retirees plan their retirement incomes. This service, which will offer general and personal advice, is "less likely to be conflicted than the advice offered by super funds" that retirees will more likely trust. The think ...

Court finds CFD issuers engaged in 'unconscionable conduct'

ELIZA BAVIN  |  MONDAY, 23 DEC 2024
... issuers, including systemic unconscionable conduct, misleading and deceptive conduct, and the provision of unlicensed personal advice. ASIC said these companies directly profited from their customers' losses and incentivised their account managers ...

Trustees, advisers have 'insufficient focus' on performance

ELIZA BAVIN  |  WEDNESDAY, 4 DEC 2024
... research house ratings when choosing options for investment menus, approving options for use by advisers or providing personal advice." In specifically looking at super trustees, ASIC found some due diligence policies lacked detail and were poorly drafted ...

ASIC issues new guidance on DBFO reforms

KARREN VERGARA  |  FRIDAY, 22 NOV 2024
... account". General advice costs cannot be charged to a member's superannuation account under a fee arrangement and the personal advice costs charged need to be consistent with the sole purpose test, ASIC told trustees. INFO 291 FAQs: FSGs and website ...

LGT Crestone takes over remainder of Commonwealth Bank's advice business

ANDREW MCKEAN  |  MONDAY, 11 NOV 2024
LGT Crestone has inked a deal to scoop up Commonwealth Bank's (CBA's) remaining personal advice business, which serves high-net-worth and ultra-high-net-worth clients. Commonwealth Private Advice has around 500 clients with assets exceeding $5 billion. ...

ASIC cancels fewer AFSLs in FY24

KARREN VERGARA  |  FRIDAY, 11 OCT 2024
... competence to deliver the relevant financial service. In terms of professional registration, those who provide personal advice to retail clients on relevant financial products had to be registered with ASIC from February 1. In total, 1531 licensing and ...

ASIC extends two advice instruments

KARREN VERGARA  |  WEDNESDAY, 25 SEP 2024
ASIC has extended the reportable situations relief and personal advice record keeping requirement instruments for another five years. The regulator has established ASIC Corporations and Credit (Breach Reporting-Reportable Situations) Instrument 2024/620 ...

Hostplus launches digital advice platform

ANDREW MCKEAN  |  MONDAY, 9 SEP 2024
... decisions around their retirement savings," Gervasoni said. "The ability to deliver personalised education and personal advice to eligible members at scale through the innovative SuperSmart tool is a game-changer for Hostplus and potentially for the ...