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Showing 721 - 730 of 3996 results for "Personal"

Put controls in place for super funds: Associations

CASSANDRA BALDINI  |  THURSDAY, 9 FEB 2023
... The Quality of Advice Review proposal (QAR) sitting before Treasury would give super funds the green light to provide personal advice to their members regarding their interests in the fund, including the transition to retirement. Michelle Levy explained ...

"A lawyer's picnic": QAR report slammed

JAMIE WILLIAMSON  |  THURSDAY, 9 FEB 2023
... anticipated, Levy suggested amending the Corporations Act to allow for all financial product advice to be considered personal financial advice and for super funds to provide personal advice where it relates to a members' interests in the fund. Banks ...

My mind has not been changed: Levy

CASSANDRA BALDINI  |  WEDNESDAY, 8 FEB 2023
... maintains. As previously flagged in the draft proposals, Levy has suggested the Corporations Act be amended to provide that personal financial advice be provided by a relevant provider where it is provided by an individual and either the client pays ...

Negative wholesale funds market growth continues

ANDREW MCKEAN  |  WEDNESDAY, 8 FEB 2023
... showed resilience, with a FUA decrease of 0.6%. Meanwhile, investment wraps retraced 4%, retirement platforms 5%, and personal super by 8%. IOOF was again the platform market leader with $143 billion FUA with an 18.5% market share, Colonial First State ...

Treasury releases Quality of Advice Review final report

CASSANDRA BALDINI, JAMIE WILLIAMSON  |  WEDNESDAY, 8 FEB 2023
... recommendations, and flagged in the earlier proposals, is the introduction of a Good Advice Duty whereby a person who provides personal advice to a retail client must provide them with good advice. This means the advice must be fit for purpose in regards ...

Vanguard Super head resigns

CHLOE WALKER  |  TUESDAY, 7 FEB 2023
Just three months on from the launch of its product, the head of Vanguard's superannuation business is set to leave. Michael Lovett will depart Vanguard at the end of the month. Commenting on Lovett's departure, Vanguard Australia managing director ...

Adviser sentenced over accessing client accounts

CHLOE WALKER  |  FRIDAY, 3 FEB 2023
Former financial adviser John Wertheimer has been convicted and sentenced for making unauthorised client transactions on the Netwealth platform. Specifically, Wertheimer was convicted on one count of providing a financial service on behalf of a person ...

All financial advice should be tax deductible: FPA

CASSANDRA BALDINI  |  FRIDAY, 3 FEB 2023
... financial advice as it tends to lead to a lower reliance on social services such as the age pension with more dependence on personal assets come retirement. The FPA said it broadly supports the decision to implement the Compensation Scheme of Last Resort ...

FPA, SMSFA launch specialist pathway

CHLOE WALKER  |  THURSDAY, 2 FEB 2023
... an adviser's competencies to provide specialist SMSF advice as well as demonstrating their commitment to ongoing personal development in this advice space." FPA members who wish to enroll in the SSA program need to join the SMSF Association as an ...

Regulation should be balanced: Levy

ANDREW MCKEAN  |  WEDNESDAY, 1 FEB 2023
... funds are also struggling with the uncertainties and disproportionate risks in the law, causing many to stop offering personal advice altogether. "I don't think that anyone told me that things were going well. Many people also told me that all that ...