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Showing 51 - 60 of 134 results for "Financial product advice"

ASIC eyes employee super fund choice

KARREN VERGARA  |  MONDAY, 18 OCT 2021
... superannuation choices without breaking the law. Employers for example must not communicate in a way that leads to financial product advice about the employees' superannuation arrangement. "Superannuation trustees should not encourage employers to ...

Westpac cops $10.5m fine

ANNABELLE DICKSON  |  TUESDAY, 24 AUG 2021
... and BT Funds Management were found to have breached their best interests duty when providing personal financial product advice in calls made to 14 customers related to switching their superannuation to a Westpac-related superannuation account. Westpac ...

Former Millennium3 representatives cop ban

KARREN VERGARA  |  TUESDAY, 3 AUG 2021
... known as Austbrokers, was an authorised representative of Millennium3 since 5 February 2004, providing financial product advice and dealt in financial products. ASIC banned the Lismore-based duo after an investigation found that they failed to ensure ...

ASIC takes action against Equiti

KARREN VERGARA  |  FRIDAY, 21 MAY 2021
... also had a mortgage broking business Equiti Finance. ASIC alleges that the bonus payments influenced the financial product advice provided or the choice of financial product recommended by Equiti FS advisers to retail clients. ASIC also claims that between ...

ASIC zeroes in on bad SMSF advice, conduct

KARREN VERGARA  |  TUESDAY, 23 FEB 2021
... the pandemic," she said. As a result, ASIC established a working group to identify cases of unlicensed financial product advice and take action where appropriate. Since March 2020, ASIC has observed a spike in complaints about such conduct, including ...

High Court dismisses Westpac appeal

JAMIE WILLIAMSON  |  WEDNESDAY, 3 FEB 2021
... decision handed down today, the High Court of Australia dismissed Westpac's appeal, determining the financial product advice Westpac gave to 14 members via two 2014 telephone campaigns related to super switching was personal advice, consistent with ...

The barriers to limited advice: Licensees

ANNABELLE DICKSON  |  MONDAY, 11 JAN 2021
... Future of Advice, that proposes all advice should fall under one of two categories - strategic advice and financial product advice. Strategic advice is used to help an individual control their finances and set a financial plan with generic products whereas ...

AAT refuses Allegra AFSL

ANNABELLE DICKSON  |  THURSDAY, 3 DEC 2020
... after it was initially rejected by ASIC. Allegra applied to ASIC for an AFSL in 2018 to provide personal financial product advice to retail and wholesale clients, with Lachlan Schonfelder as its sole director and majority shareholder. ASIC refused the ...

360 Capital moves to acquire Evans Dixon

KARREN VERGARA  |  TUESDAY, 27 OCT 2020
... and Superannuation Services engaged in 126 breaches of best interests obligations relating to personal financial product advice it provided retail investors to invest in the troubled US Masters Residential Property Fund (URF). Evans Dixon is facing a ...

The case for an overhaul of advice: Rice Warner, FSC

ANNABELLE DICKSON  |  TUESDAY, 20 OCT 2020
... said. The report proposes that all advice should fall under one of two categories - strategic advice and financial product advice. Strategic advice is used to help an individual control their finances and set a financial plan with generic products whereas ...