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Showing 71 - 80 of 275 results for "Statement of Advice"

DDO to simplify general, personal advice

ANNABELLE DICKSON  |  TUESDAY, 30 MAR 2021
... said. Pollinate head of society Pamela Souvlis shared similar sentiments and said consumers are not valuing a Statement of Advice and get a sense of trust from their advisers in other ways. "Consumers don't see it as being anything more than the fine ...

Raiz expands to SMSF market

ANNABELLE DICKSON  |  FRIDAY, 19 MAR 2021
... provides general advice if an adviser is to recommend a client or SMSF a particular portfolio weighting, a statement of advice is still required. Malone is confident the offering with appeal to SMSFs with the choice of ETFs and competitive platform fee ...

Super scammer permanently banned

ELIZABETH MCARTHUR  |  MONDAY, 15 FEB 2021
... from bank accounts holding client funds. ASIC alleged that he directed an employee to construct a back-dated statement of advice in response to an investigation being conducted following a complaint. McSweeny was found unfit to stand trial on 11 February ...

The barriers to limited advice: Licensees

ANNABELLE DICKSON  |  MONDAY, 11 JAN 2021
... "But any guidance that would give an adviser and the licensee more confidence that they can speak freely in a statement of advice, record of advice or a document, that's actually a separate issue," Dummett added. Lifespan chief executive Eugene Ardino ...

Challenger to buy industry-fund-owned bank

KANIKA SOOD  |  WEDNESDAY, 23 DEC 2020
... demand could be high..." "When an adviser sells a term deposit (or rolls it over), they can do so without a statement of advice (SOA), that is it can be execution only. Whereas with an annuity an SOA is needed for new sale and rollover. This removes ...

Praemium improves on-boarding

KARREN VERGARA  |  WEDNESDAY, 18 NOV 2020
... means the double entry of client information has been removed, and the time it takes advisers to complete a Statement of Advice and application form have been reduced. Praemium chief commercial officer Mat Walker commented: "Praemium is continually looking ...

Cost of advice soars as red tape grows

ELIZA BAVIN  |  WEDNESDAY, 21 OCT 2020
With research showing the average cost for a Statement of Advice has increased 10% in 12 months, the Financial Planning Association of Australia (FPA) is warning of the detrimental impact ongoing reform is having on financial advisers and consumers. ...

Sam Henderson sentenced

ELIZABETH MCARTHUR  |  TUESDAY, 20 OCT 2020
... employees impersonating a client to a superannuation fund. The commission found that same client was given a statement of advice by Henderson which contained a recommendation that she leave her super fund and establish an SMSF - the recommendation would ...

ASIC extends advice, capital raising provisions

ANNABELLE DICKSON  |  THURSDAY, 24 SEP 2020
... advice fees regarding ERS at $300, allowing advisers to provide a record of advice rather than a comprehensive statement of advice in this circumstance until 15 April 2021 rather than October 15. In addition, ASIC has extended its 'no-action' position ...

Sam Henderson pleads guilty

ELIZABETH MCARTHUR  |  TUESDAY, 25 AUG 2020
... employees impersonating a client to a superannuation fund. The commission found that same client was given a statement of advice by Henderson which contained a recommendation that she leave her super fund and establish an SMSF - the recommendation would ...