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Showing 41 - 50 of 393 results for "Personal advice"

Super fund merger prompts investment changes

ANDREW MCKEAN  |  TUESDAY, 3 SEP 2024
... "fit-for-purpose" for the merged fund's portfolio. Spirit Super members will continue to have access to general and personal advice on some matters relating to their superannuation account at no extra cost, as these services are covered by the administration ...

ASIC intends to extend legislative instruments

MATTHEW WAI  |  FRIDAY, 9 AUG 2024
... are: Class Order [CO 14/923] Record-keeping obligations for Australian financial services licensees when giving personal advice ; ASIC Corporations and Credit (Breach Reporting-Reportable Situations) Instrument 2021/716 ; and ASIC Credit (Breach Reporting-Prescribed ...

ASIC permanently bans Queensland adviser

ELIZA BAVIN  |  THURSDAY, 18 JUL 2024
... representative of the licensee, who was not working at the time, to sign documents misleading clients into thinking that personal advice had been provided by the authorised representative when it had not. "Mr Abdalla's conduct gave reason to believe ...

Adviser permanently banned for faking qualifications

JAMIE WILLIAMSON  |  TUESDAY, 9 JUL 2024
... further found he misled 24 clients, claiming to have met the education requirements when he provided them with personal advice. Vee worked with Cojag from October 2021 to December 2021 and then again between March 2022 and March 2023, however the ASIC ...

ASIC levy to slug advisers $48.4m

KARREN VERGARA  |  TUESDAY, 9 JUL 2024
... advisers $48.39 million collectively as the annual levy does not appear to be reducing. Licensees that provide personal advice to retail clients on relevant financial products are due to fork out a minimum levy of $1500 plus $2878 on a per adviser basis. ...

First advice reform bill passes parliament

KARREN VERGARA  |  FRIDAY, 5 JUL 2024
... in producing the Financial Services Guides, and improve transparency and protections for consumers who receive personal advice on insurance products. Before passing the bill, lawmakers amended it for highly contentious sections 99FA(1)(a) and (b) of ...

IFS launches two courses with Kaplan

KARREN VERGARA  |  FRIDAY, 5 JUL 2024
... define a clear career progression pathway from service staff providing general advice to practitioners providing personal advice. Gervasoni added that "we believe the proposed education solution can be incorporated into our broader range of consultancy ...

AAT mitigates adviser's permanent ban

KARREN VERGARA  |  WEDNESDAY, 3 JUL 2024
... Sydney. Prior to that he had stints with Strategic Capital Management, Perpetual and ipac. ASIC found he provided personal advice to 11 retail clients after failing the mandatory adviser exam. Justice Kyrou said: "In order to uphold the integrity of ...

Advice reforms draft laws consultation opens

KARREN VERGARA  |  WEDNESDAY, 12 JUN 2024
... which could reasonably influence financial product advice," the explanatory statement shows. In instances where personal advice is provided on general insurance products, the new law proposes that informed consent requirements apply. Lastly, the bill ...

ASIC issues experienced pathway guidance

KARREN VERGARA  |  WEDNESDAY, 22 MAY 2024
... standards. The new law passed last year states that an experienced provider is a person who was a relevant provider of personal advice for at least 10 years between 1 January 2007 to 31 December 2021, and had a clean disciplinary record as at 31 December ...