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Showing 51 - 60 of 261 results for "General advice"

ASIC issues warning to finfluencers

JAMIE WILLIAMSON  |  MONDAY, 21 MAR 2022
... confirmation from ASIC chair Joe Longo last year that the regulator was concerned with the conflation of personal and general advice in the online influencer space and with consumers turning to influencers for financial advice. INFO 269 Discussing financial ...

Legal expert to lead QAR

KARREN VERGARA  |  FRIDAY, 11 MAR 2022
A legal expert will take the reins in leading the Quality of Advice Review, Senator Jane Hume announced this afternoon, adding that the terms of reference have also been finalised. Allens partner Michelle Levy, a specialist in financial services, life ...

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 ...

FPA pushes for advice law simplification

KARREN VERGARA  |  WEDNESDAY, 2 MAR 2022
Heavy-handed regulations puts financial advisers at significant risk of breaching the law, according to the Financial Planning Association of Australia, which is urging the government to strip out layers of complexity in the latest round of reforms. ...

Skill shortages hitting advice firms hard

ELIZABETH MCARTHUR  |  MONDAY, 14 FEB 2022
... a firm, choosing firms with the opportunity to grow as a priority. "The industry still seems to have a focus on general advice and wholesale advice, definitely the growth areas of the industry and that will likely be the case for the foreseeable," Gordon ...

Government backflips on adviser education

ELIZABETH MCARTHUR  |  FRIDAY, 17 DEC 2021
... 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 by consumers. It ...

Proposed reforms could simplify advice

KARREN VERGARA  |  FRIDAY, 3 DEC 2021
... amended by removing from the definition of 'financial service' the term 'financial product advice' and substituting 'general advice'." It also wants to rehash the renaming issue of whether the labels 'general advice' and 'personal advice' should remain ...

ASIC sets out limited advice expectations

KARREN VERGARA  |  THURSDAY, 2 DEC 2021
... Licensing: Financial product advisers-Conduct and disclosure (RG 175) and Regulatory Guide 244: Giving information, general advice and scaled advice (RG 244). The difference is that INFO 267 sets out more details about complying with the best interests ...

Government advances adviser levy drop

KARREN VERGARA  |  THURSDAY, 11 NOV 2021
... their levy remains the same at $1.761 million based on 625 entities or $2817. The levies for licensees that provide general advice only and those that provide personal advice to wholesale clients only remains as is. In total, the advice sector will pay ...

ASIC issues warning to finfluencer sponsors

KARREN VERGARA  |  WEDNESDAY, 10 NOV 2021
... the Australian Institute of Company Directors. There is also the risk that an unlicensed finfluencer may breach general advice provisions. Many finfluencers earn remuneration from multiple sources simultaneously, and income from content clicks or views ...