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Showing 71 - 80 of 529 results for "Future of Financial Advice"

General advice "misleading": Productivity Commission

JAMIE WILLIAMSON  |  WEDNESDAY, 7 FEB 2018
... carries with it some protection against misuse," the report states. The Commission also stated that the Future of Financial Advice reforms have contributed to consolidation in the asset management and financial advice markets, meaning that while consumers ...

ASIC's interpretation of best interest duty falls short: FSC

ALEX BURKE  |  THURSDAY, 25 JAN 2018
... letter also noted that "there is already further work underway to improve advice," pointing to the Future of Financial Advice and professional standards reforms. "ASIC has acknowledged in this review that these reforms have resulted in an improvement ...

Advice group solidifies Gen-Y positioning

JAMIE WILLIAMSON  |  WEDNESDAY, 24 JAN 2018
The future of financial advice will be built around businesses which cater to niche markets, leading to more advisers joining boutique planning groups. This is the view of Wealth Enhancers co-founder and chief investment officer Finn Kelly. The firm ...

Industry associations merge

KARREN VERGARA  |  FRIDAY, 1 DEC 2017
... involved with include the SuperStream data standards, the Insurance in Superannuation Working Group and Future of Financial Advice (FoFA) reforms. "The opportunities to liaise directly with representatives of the regulators had also brought about improved ...

Institutional advice licensees to continue feeling the heat

JAMIE WILLIAMSON  |  WEDNESDAY, 29 NOV 2017
... of the non-aligned space. HUB24 managing director Andrew Alcock believes the ongoing impact of the Future of Financial Advice reforms and the enforcement of the Best Interest Duty requirements will see institutions forced to expand their offerings and ...

AIST creates lead advocacy role

JAMIE WILLIAMSON  |  MONDAY, 6 NOV 2017
... working at the regulator, Goodwin held various senior management roles, leading teams responsible for the Future of Financial Advice and Stronger Super reforms as well as a number of regulatory reviews into life insurance within and outside of super. ...

Melbourne advice firm cops historic $1 million fine

JAMIE WILLIAMSON  |  MONDAY, 30 OCT 2017
... that declarations ought to be made. The Court determined NSG's representatives breached s961B of the Future of Financial Advice (FoFA) reforms by failing to take reasonable steps to ensure that they provided advice that complied with the best interests ...

ASIC links previously banned adviser to court proceedings

EMMA RAPAPORT  |  WEDNESDAY, 16 AUG 2017
... Act 2001, including the best interest obligations financial advisers owe to their clients under the Future of Financial Advice (FoFA) provisions, and other provisions relating to misleading and deceptive conduct and unconscionable conduct. ASIC alleges ...

FOFA breach sees former adviser banned

JAMIE WILLIAMSON  |  THURSDAY, 20 JUL 2017
... Group financial adviser was banned by ASIC for breaching the best interest duty introduced under the Future of Financial Advice reforms. Jason Sean Atkins of Perth is prohibited from providing financial advice for three years after the corporate regulator ...

Pressure on advice practices means time for rethink: ClearView

JAMIE WILLIAMSON  |  WEDNESDAY, 26 APR 2017
... will not only lead to improved client outcomes, it'll help advisers meet their obligations under the Future of Financial Advice reforms including the best interest duty."