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Showing 601 - 610 of 1613 results for "Recommended"

ASIC ramps up surveillance and remediation after adviser conflict report

KARREN VERGARA  |  THURSDAY, 25 JAN 2018
... integrated institution," ASIC said. ASIC urged all vertically integrated business to regularly analyse products on APLs recommended by each adviser by collecting data, which will assist in monitoring and supervising conduct, and determine which advisers ...

Vertically integrated institutions failing to manage conflicts of interest

JAMIE WILLIAMSON  |  THURSDAY, 25 JAN 2018
... position following the advice. "We commonly saw the unnecessary replacement of financial products, where advisers recommended that customers switch to a new product when their existing product appeared to be suitable to meet the customer's needs and ...

Active manager diversity breeds performance: WTW

ALEX BURKE  |  WEDNESDAY, 24 JAN 2018
... top-rated active manager has a 65% chance of outperforming their relevant benchmark. As a result, the WTW research recommended that investors "diversify the manager line-up." WTW head of Australian equities Leslie Mao conceded that there can be multiple ...

ASIC accepts EU from Brisbane adviser

KARREN VERGARA  |  FRIDAY, 19 JAN 2018
... to the regulator, Wright failed to undertake relevant personal inquiries into some clients' circumstances when he recommended switching life insurance policies. One client purchased life insurance that was too expensive under Wright's advice. ASIC said ...

Venture capital sector booming but needs greater government support

KARREN VERGARA  |  THURSDAY, 18 JAN 2018
... Accountants (IPA) urged the Federal Government to uphold a strong venture capital pipeline for start-ups. The IPA recommended a publicly supported venture capital fund is established to support small business equity financing. "This absence of VC is ...

ASIC cancels AFSL, accepts EU

DARREN SNYDER  |  TUESDAY, 16 JAN 2018
... concerned Roberts failed to make reasonable inquiries into the clients' relevant circumstances prior to providing advice; recommended insurance cover where clients were unable to afford the premiums; and failed to provide adequate product replacement ...

ASIC successfully files injunction against Melbourne advice provider

JAMIE WILLIAMSON  |  MONDAY, 15 JAN 2018
... if the consumer also agreed to receive financial advice. The financial advice offered by Financial Circle Pty Ltd recommended consumers purchase personal insurance products and switch superannuation funds. Financial Circle benefited by way of the significant ...

Group insurance awareness encouraging: MetLife

KARREN VERGARA  |  TUESDAY, 12 DEC 2017
... level of cover. Those that modified their level of insurance cover, 29% said they did so after their financial adviser recommended it, while 20% reviewed it after receiving communication from their super fund. When it comes to specifics, 72% of respondents ...

Australian hedge fund manager eyes bigger slice of NZ telco pie

JAMIE WILLIAMSON  |  MONDAY, 11 DEC 2017
... Channel Capital, recently launched its Australian Equities Fund to the retail and intermediary space, receiving a Highly Recommended rating from Zenith. The fund's concentrated large cap, long only strategy has averaged a return of 9.0% per annum after ...

Former CBA-aligned adviser banned for three years

ALEX BURKE  |  FRIDAY, 1 DEC 2017
... permitted to under the Superannuation Industry (Supervision) Act 1993 or the SMSF's trust deed. He was also found to have recommended another client to use funds from his SMSF to provide a business loan to Rao, despite knowing that such an investment ...