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Showing 6451 - 6460 of 9822 results for "Advisers"

FPA "extremely wary" of general advice commissions

LAURA MILLAN  |  FRIDAY, 21 FEB 2014
... remuneration for general advice "would be likely to promote a new stream of 'general advice' licensee businesses and sales advisers incentivised by sales commissions." The association expressed "grave concerns" that the proposed change "has overstated ...

General advice exemption "irrelevant" to advisers: AFA

LAURA MILLAN  |  FRIDAY, 21 FEB 2014
The Association of Financial Advisers (AFA) has judged the general advice exemption to conflicted remuneration "irrelevant" in its submission to Treasury about the proposed amendments to the Future of Financial Advice (FoFA). "The AFA does not believe ...

FoFA changes go too far diluting conflicted rem: ISA

LAURA MILLAN  |  FRIDAY, 21 FEB 2014
... exemptions proposed," which according to ISA include the general advice exemption "which will allow commissions to be paid to advisers, call centre staff and bank tellers for promoting products including super, complex products and even leveraged products ...

ASIC: no plans for SMSF balance threshold

ALICE URIBE  |  FRIDAY, 21 FEB 2014
... of comparison." Tanzer also issued a warning to property spruikers that are using a "conference" type arrangement with advisers, trustees and auditors to entice SMSF investors. According to Tanzer ASIC's jurisdiction with respect to real propertyA "was ...

ASIC could implement immediate suspension of advisers

STAFF WRITER  |  THURSDAY, 20 FEB 2014
The Australian Securities and Investments Commission (ASIC) could implement the immediate suspension of "bad-apple" advisers if it had powers to do it. ASIC senior leaders were asked about this issue during yesterday's public hearing of the Senate Economics ...

Ausbil appoints external auditor to investigate fund fees

LAURA MILLAN  |  WEDNESDAY, 19 FEB 2014
... portfolio, an AMP spokesperson told Financial Standard. AMP-owned advice group Genesys offers a model portfolio to its advisers. Since the fund was placed on hold and new investors could not get in, the group took the decision to pull it out of the portfolio. ...

FPA puts TASA back in the agenda

LAURA MILLAN  |  WEDNESDAY, 19 FEB 2014
The Financial Planning Association (FPA) is putting the Tax Agent Services Act (TASA) 2009 back on the advisers' agenda ahead of the implementation in July 1, 2014. The association has put together four webinars and a toolkit campaign that aim to educate ...

Advisers to review privacy compliance

LAURA MILLAN  |  WEDNESDAY, 19 FEB 2014
Advisers have until March 12, 2014, to ensure their privacy compliance measures meet new privacy principles. The new Australian Privacy Principles require personal information to be handled in an open and transparent way, which means that financial ...

Planners not meeting SMSF trustee demands

JAMES FERNYHOUGH  |  WEDNESDAY, 19 FEB 2014
... wishing to tap into the SMSF market must offer more strategic investment advice. "There's always been very good strategic advisers. What we need now is for more and more people to become competent and knowledgeable about the area of advice that they're ...

Consumers safe under FoFA changes: former judge

MARK SMITH  |  WEDNESDAY, 19 FEB 2014
... conference in Brisbane, the former High Court judge said newspaper reports had overlooked the common law requirement for advisers to always act in the best interests of their clients. "If it should come about that some aspect of the best interest duty ...