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Showing 31 - 40 of 210 results for "Statements of Advice"

Adviser suspended over wrongful use of ROAs

JAMIE WILLIAMSON  |  MONDAY, 25 NOV 2024
... Planning Solutions adviser is suspended from providing advice for the next three months after failing to supply Statements of Advice (SOAs) where required. Ian Reid, the principal adviser at Temora's A&B Financial Planning, was suspended for three months ...

Jones preps DBFO Tranche 2 for parliament

KARREN VERGARA  |  WEDNESDAY, 30 OCT 2024
... promise to remove laborious tasks by modernising the best interests duty and removing the safe harbour steps. Statements of Advice (SoAs) will also receive a makeover, while a new class of advisers called "Qualified Advisers" from banks, super funds ...

AAT slashes adviser ban

KARREN VERGARA  |  MONDAY, 8 JUL 2024
... Financial. ASIC's investigation found that Betalli failed to keep adequate records and gave non-compliant Statements of Advice (SoAs) by not including information about the basis of his advice, leading to his ban. ASIC said these failures showed ...

Platform reveals advice firms' top issues

KARREN VERGARA  |  FRIDAY, 24 MAY 2024
... tools to assess returns, and specifically about ChatGPT to help write clients' financial objectives for Statements of Advice. In superannuation discussions, advisers raised concern over the Australian Taxation Office's (ATO) delay in acknowledging ...

Adviser with Investport links sees ban affirmed

JAMIE WILLIAMSON  |  THURSDAY, 7 DEC 2023
... clients' interests and her own interests as she was the recipient of several loans from the scheme. Further, the Statements of Advice provided by Anderson were found to be non-compliant, lacking additional disclosures around costs and benefits lost because ...

Key advice reforms still coming, Jones promises

JAMIE WILLIAMSON  |  WEDNESDAY, 22 NOV 2023
... Minister for financial services Stephen Jones has confirmed the government remains committed to removing Statements of Advice and the Safe Harbour Steps, as well as accelerating changes to education requirements to meet increased demand for advice. Speaking ...

Paraplanners unfazed by QAR, AI: Survey

KARREN VERGARA  |  WEDNESDAY, 22 NOV 2023
... satisfaction, this is however, lower than the 69% reported in last year's survey. The QAR recommended that Statements of Advice (SoAs) should be replaced with an advice record that is more fit-for-purpose. However, in the first tranche of legislating ...

Treasury unveils advice reforms draft legislation

KARREN VERGARA  |  TUESDAY, 14 NOV 2023
... opportunity to have deferred implementing key recommendations on abolishing the Safe Harbour Steps and simplifying Statements of Advice, which would achieve the most in reducing the regulatory cost burden on financial advice," he said.

Viridian launches new specialist division amid acquisition drive

ANDREW MCKEAN  |  TUESDAY, 12 SEP 2023
... advice firm, Enlightened Financial Solutions, planning to leverage its digital capabilities, such as video Statements of Advice (SoA). The deal aligns with Viridian's strategy to partner with top-tier advisers, underscoring a shared focus on digital ...

Financial advice firms profits jumps: Research

CASSANDRA BALDINI  |  WEDNESDAY, 6 SEP 2023
... streamlined fee consent was positive, while 6% said it has no impact, and 9% weren't sure. Regarding Statements of Advice only being provided on request, 57% found it a positive, 18% said it would have no impact, 10% saw it as a negative, and 15% ...