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Showing 51 - 60 of 208 results for "Statements of Advice"

MobiSuper, licensee to pay $250k penalty

JAMIE WILLIAMSON  |  MONDAY, 29 AUG 2022
... MobiSuper account and having other existing super accounts rolled into it, and also failed to provide any Statements of Advice as required by law. This judgment follows a previous decision by the Federal Court in mid-2021 that Tidswell Financial Services ...

Insignia Financial, Personetics partnership

CASSANDRA BALDINI  |  THURSDAY, 4 AUG 2022
... both human and digital experiences - from phone calls and real-time seminars to website content, digital Statements of Advice (SOAs) and benchmarking tools for superannuation fund comparisons. We know there is more work to be done to make advice more ...

Hume pledges less red tape for advisers

KARREN VERGARA  |  WEDNESDAY, 2 MAR 2022
... simplification of disclosure and documentation requirements is also on the table. By way of example, Hume wants Statements of Advice to be more helpful for consumers and less burdensome for advisers to prepare. As flagged late last year, Hume introduced ...

ASIC bans adviser for two years

CHLOE WALKER  |  WEDNESDAY, 22 DEC 2021
... and appropriate for them. "ASIC found that Betalli failed to keep adequate records and gave non-compliant Statements of Advice (SoAs) by not including information about the basis of his advice," a statement released on Monday read. "ASIC considered these ...

Government backflips on adviser education

ELIZABETH MCARTHUR  |  FRIDAY, 17 DEC 2021
... for review - including life commissions, annual renewal, safe harbour and disclosure requirements including Statements of Advice.

ASIC bans two Sydney based advisers

CHLOE WALKER  |  WEDNESDAY, 15 DEC 2021
... controlling an entity that carries on a financial services business. ASIC said it found Cummings "failed to give Statements of Advice when there had been significant changes in clients' circumstances and the basis for the advice". "He engaged in misleading ...

Financial Advice Hub goes live

KARREN VERGARA  |  WEDNESDAY, 8 DEC 2021
... improve access to affordable personal advice. It recently launched more guidance on Records of Aadvice and Statements of Advice. ASIC is due to release an advice snapshot summarising common terminology and advice concepts. Separately, ASIC published ...

Asendium partners with licensee support firm

KARREN VERGARA  |  WEDNESDAY, 22 SEP 2021
... day comprehensive and personalised advice that include fact finds, strategy papers, file notes and instant Statements of Advice in a matter of hours, Asendium chief executive Scott Miller said. My Dealer Services director Alexander Everard commented ...

AFA slams new SOA measures

KARREN VERGARA  |  WEDNESDAY, 7 JUL 2021
... for causing "confusion" and "interfering" with financial advice as they look to introduce new changes to Statements of Advice. The association points to the regulators' joint letter dated June 30, which advised trustees to review SOAs with respect to ...

ASIC takes action against Equiti

KARREN VERGARA  |  FRIDAY, 21 MAY 2021
... existing superannuation accounts into the SMSF; and purchase a property via the SMSF. Court documents show that Statements of Advice were prepared "was made in the absence of advice to the effect that the client take time to consider carefully the recommendation ...