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Showing 531 - 540 of 3996 results for "Personal"

UK to overhaul advice affordability, access

KARREN VERGARA  |  TUESDAY, 12 DEC 2023
... framework could see an adviser help consumers invest a one-off lump sum. Consumers would receive a suitability assessment and personal recommendation for how they should invest, but this doesn't consider their wider financial situation. Under a "targeted ...

SMSF Association blasts 'highly questionable' ASFA research

ANDREW MCKEAN  |  MONDAY, 11 DEC 2023
... community is highly questionable. "The simple fact is farming properties can be held under myriad tax structures, so using personal tax return data to extrapolate the number of farming properties that which may be impacted by this proposed law is not ...

FSCP serves up registration prohibition order

KARREN VERGARA  |  MONDAY, 11 DEC 2023
... financial services industry, and to ASIC's reputation, if an undischarged bankrupt is permitted to continue to give personal advice to retail clients about relevant financial products". The FSCP also found that Anderson demonstrated a lack of professional ...

'Significant deficiencies' lead APRA to act against NGS Super

JAMIE WILLIAMSON  |  FRIDAY, 8 DEC 2023
... our members. "We use administrative, physical, and technical safeguards to protect the confidentiality and integrity of personal information and data and are committed to protecting our members' personal information." Regulators have been encouraging ...

QAR final response winds clock back, says FAAA

JAMIE WILLIAMSON  |  THURSDAY, 7 DEC 2023
... Today, the government released its final response to the QAR, which included allowing superannuation funds to provide personal financial advice to members via a new class of financial adviser. "There is little detail available at this stage, but on the ...

Adviser with Investport links sees ban affirmed

JAMIE WILLIAMSON  |  THURSDAY, 7 DEC 2023
... responsible entity. The Federal Court later found the directors of the scheme had used money sought from investors for their personal use, including signing off on significant loans for one another. Anderson was found to have advised clients to invest ...

Final QAR reforms open door to super funds

CASSANDRA BALDINI  |  THURSDAY, 7 DEC 2023
... interests duty and amend the Statement of Advice (SoA), while also granting approval for superannuation funds to provide personal advice. In its final report, titled Delivering Better Financial Outcomes, the government said it will introduce a modernised ...

Advice firms must scale up to meet demand: AZ NGA

CASSANDRA BALDINI  |  WEDNESDAY, 6 DEC 2023
... professional advice but are still awaiting assistance. The paper drew on ASIC data that shows 41% of Australians intend to get personal financial advice in the future, but only around 12% currently do. AZ NGA said this underscores the immediate need ...

Changing retirement landscape needs regulatory framework: Actuaries Institute

CASSANDRA BALDINI  |  MONDAY, 4 DEC 2023
... must match the risks from the consumer's perspective. "For example, with requirements varying depending on whether personal advice is simple or low risk, comprehensive or medium risk, or complex, which is high risk," he said. "The aim of this framework ...

Responsible investment key to wealth transfer conversation

RACHEL ALEMBAKIS  |  MONDAY, 4 DEC 2023
... clients. Nearly half of the wealth transferred to children and beneficiaries is consumed almost immediately - going towards personal debt, mortgages, and luxury or self-care items to support their current lifestyles. The remaining half has the potential ...