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Showing 61 - 70 of 261 results for "General advice"

Advice gap spurs boom in investment media

ELIZABETH MCARTHUR  |  THURSDAY, 4 NOV 2021
... corporate regulator. ASIC chair Joe Longo previously said the regulator is looking into the conflation of personal and general advice in the online influencer space and is concerned about consumers turning to influencers for advice because professional ...

CFS fined $20m over super misconduct

JAMIE WILLIAMSON  |  TUESDAY, 19 OCT 2021
... account to a MySuper product if they didn't make an investment decision and didn't warn some members that general advice provided in the process didn't take into account their personal objectives, situation or needs. CFS has paid $67 million ...

Shaw and Partners awards tech mandate

ANNABELLE DICKSON  |  MONDAY, 11 OCT 2021
... registration and enabling electronic identity verification for individuals, companies and SMSFs across execution, general advice, sophisticated and professional investors. "We are delighted to partner with LAB Group and adopt their market-leading technology. ...

ASIC commences proceedings against Diversa

ELIZABETH MCARTHUR  |  MONDAY, 11 OCT 2021
... by ASIC in March 2021 after an investigation found he was giving personal advice while only authorised to give general advice and was prioritising his own interests over the interests of clients, charging fees for super fund consolidation without transparency ...

ASIC worried about finfluencers

ELIZABETH MCARTHUR  |  TUESDAY, 21 SEP 2021
... media influencer, or a finfluencer," Longo said. He added that ASIC is looking into the conflation of personal and general advice in the online influencer space and is concerned about consumers turning to influencers for advice. "The next step is for ...

Colonial First State faces penalties for MySuper conduct

KANIKA SOOD  |  WEDNESDAY, 8 SEP 2021
... investment directions, conducting 70 calls with members similar investment directions, and failing to provide a general advice warning on 17 calls. The court also declared CFS failed to do all things necessary to ensure the financial services covered ...

ASIC to watch member shunting to untested super products

KANIKA SOOD  |  THURSDAY, 2 SEP 2021
... anti-hawking laws coming into force. And as well there was some recent law about...where the boundaries of providing general advice is. So, to the extent that you're trying to really influence people into a product, there's some real limitations ...

Westpac cops $10.5m fine

ANNABELLE DICKSON  |  TUESDAY, 24 AUG 2021
... superannuation to a Westpac-related superannuation account. Westpac Securities and BT Funds are only licensed to provide general advice. "Westpac was actively conducting a sales campaign aimed at rolling customers from their existing superannuation accounts ...

ASIC industry levy to increase

KARREN VERGARA  |  FRIDAY, 23 JUL 2021
... relevant financial products - which amounts to be $1.761 million based on 625 entities. For licensees that provide general advice, this cohort will pay $2.971 million based on 1004 entities, while those licensees that cater to to wholesale clients will ...

ASIC prepares licensees for reference checks

KARREN VERGARA  |  WEDNESDAY, 21 JUL 2021
... new regulation. The Financial Planning Association of Australia believes reference checks should be extended to general advice and to anyone that has the ability to influence the financial advice process.