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Showing 41 - 50 of 134 results for "Financial product advice"

QAR leaves insurance commissions alone

JAMIE WILLIAMSON  |  THURSDAY, 3 NOV 2022
... put to rest uncertainty around the fate of commissions, with the QAR saying commissions in relation to financial product advice should be retained but the regulations should be modified "to clarify that it also applies where the client authorises a product ...

Current legislation "wrong way around": Levy

CASSANDRA BALDINI  |  THURSDAY, 22 SEP 2022
... given, not with the benefit of hindsight." Levy highlighted that current law regulates the provision of financial product advice, then it subdivides into two categories: general and personal advice. "My first proposal is that what becomes regulated is ...

ASIC issues first DDO stop orders

JAMIE WILLIAMSON  |  THURSDAY, 28 JUL 2022
... prohibits them from dealing in shares in relation to retail investors, providing disclosure documents or financial product advice in relation to shares to retail investors. The two companies sought to raise $100 million through ordinary shares of the ...

Victorian AR charged with providing unlicensed advice

CASSANDRA BALDINI  |  WEDNESDAY, 13 JUL 2022
... representative Nizi Bhandari has been charged with engaging in dishonest conduct and providing unlicensed personal financial product advice. Between November 2017 and December 2020, Bhandari was an AR of The Australian Dealer Group Pty Ltd, an Australian ...

Barred adviser breaches ASIC order

ANDREW MCKEAN  |  MONDAY, 20 JUN 2022
... disqualified Toledo until 5 September 2024; however it has since come to light that he continued to provide financial product advice and deal in financial products. ASIC said Toledo breached his banning by providing financial advice to a SMSF to invest ...

ASIC issues warning to finfluencers

JAMIE WILLIAMSON  |  MONDAY, 21 MAR 2022
... financial products and to do their due diligence on the people or companies paying for their services. On financial product advice, ASIC state: "You can share factual information that describes the features or terms and conditions of a financial product ...

ASIC opens CCIV licensing consultation

KARREN VERGARA  |  FRIDAY, 18 MAR 2022
... licensing application process - AFSLs wanting to apply and operate a CCIV and those seeking to provide financial product advice on and/or deal in CCIV securities. It also looks at the administration of licensee obligations that apply to CCIV corporate ...

TAA calls for prudent pace for reforms

KARREN VERGARA  |  TUESDAY, 8 MAR 2022
The Quality of Advice Review should take precedence over other proposed regulatory changes as financial advisers should not be encumbered by two sets of major reforms in a short period of time. This is according to The Advisers Association, which is ...

Government backflips on adviser education

ELIZABETH MCARTHUR  |  FRIDAY, 17 DEC 2021
... ultimately borne by consumers. The review will examine key concepts such as the differences between 'financial product advice', 'general advice' and 'personal advice' - as well as how these terms are used by the industry and how they are interpreted ...

Proposed reforms could simplify advice

KARREN VERGARA  |  FRIDAY, 3 DEC 2021
... wants to "decouple" 'personal advice' from the definition of 'financial service' and eliminate the term 'financial product advice'. In one proposal the ALRC recommends: "Section 766A(1) of the Corporations Act 2001 (Cth) should be amended by removing ...