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Showing 71 - 80 of 261 results for "General advice"

ASIC announces advice affordability findings

KARREN VERGARA  |  TUESDAY, 6 JUL 2021
... rising regulatory and governance costs are making advice less affordable. Many want RG 244 Giving information, general advice and scaled advice overhauled. It is too long and clashes with the FASEA requirements, they said. One interesting finding is ...

ASIC not recommending general advice change

JAMIE WILLIAMSON  |  WEDNESDAY, 5 MAY 2021
... Productivity Commission Inquiry Report into Competition in the Australian Financial System recommended the re-labelling of general advice to prevent confusion around the nature of advice being provided. Now, research by Newgate Communications has found ...

Super fund in-houses advice service

KARREN VERGARA  |  THURSDAY, 29 APR 2021
A $59 billion industry superannuation fund is shaking up its advice and employer units by internalising its general advice service and hiring several managerial positions to the employer division. From July, Rest's general advice team will work in-house ...

Guild Super chooses new administrator

ELIZABETH MCARTHUR  |  THURSDAY, 22 APR 2021
... no longer have access to a personal advice service. Rather, Guild Super provided members with a phone number for general advice enquiries. Meanwhile, Guild Super also altered its investment fees - resulting in slightly lower fees for most options. For ...

FSC proposes new advice model

KARREN VERGARA  |  MONDAY, 19 APR 2021
... said: "With many consumers receiving financial advice not understanding whether that advice is personal advice or general advice, reform of the model is needed. Almost three out of four Australians feel that simpler definitions of advice are easier to ...

DDO to simplify general, personal advice

ANNABELLE DICKSON  |  TUESDAY, 30 MAR 2021
The outcome of the High Court decision on general advice will have an interesting and simplifying effect on the design and distribution obligations coming into effect later this year, according to a lawyer. Speaking at a Financial Services Council (FSC) ...

Raiz expands to SMSF market

ANNABELLE DICKSON  |  FRIDAY, 19 MAR 2021
... SMSFs we are tapping into a very dynamic part of the financial services market," he said. However, as Raiz provides general advice if an adviser is to recommend a client or SMSF a particular portfolio weighting, a statement of advice is still required. ...

Low pass rate for latest FASEA exam

ELIZABETH MCARTHUR  |  THURSDAY, 18 MAR 2021
... obligations questions - particularly in relation to documentation, the Corporations Act and differentiating personal and general advice. Another area of difficulty was applied ethical and professional reasoning and communication. This included demonstrating ...

ASIC bans adviser over dodgy super consolidation

ELIZABETH MCARTHUR  |  MONDAY, 15 MAR 2021
... super balances. He also was found to have given consumers personal advice despite only being authorised to give general advice. In doing this, Bhandari failed to act in clients' best interests and failed to provide statements of advice. ASIC also cancelled ...

Limited advice overdue for disruption

KARREN VERGARA  |  THURSDAY, 18 FEB 2021
There are clear opportunities to disrupt intra-fund and general advice that the industry is overlooking, shunning everyday Australians that need it most, according to superannuation experts. As the number of financial advisers continue to dwindle and ...