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Showing 81 - 90 of 273 results for "Statement of Advice"

Processes are the problem, not people: Count Financial

ALLY SELBY | WEDNESDAY, 13 MAY 2020

... says has saved it an estimated 37,000 in adviser hours. This includes a custom Xplan system, which allows a Statement of Advice to be produced in less time so that advisers can focus on onboarding clients. "These refinements, and a simplification and ...

ASIC bans RC case study adviser

HARRISON WORLEY | TUESDAY, 12 MAY 2020

... regulator found his advice was not always in the best interests of clients, and did not always come with a Statement of Advice or appropriate fee disclosure statements in a timely manner. Harris, a former Millennium3 and Dover authorised representative ...

Adviser fears over ASIC relief

HARRISON WORLEY | THURSDAY, 30 APR 2020

... can be provided under intra-fund advice. The other key measure sees the requirement for advisers to issue a Statement of Advice lifted, so long as they provide a Record of Advice and don't charge more than $300 for the advice. Here in lies the problem ...

Compliance worse than COVID-19

ALLY SELBY | THURSDAY, 23 APR 2020

... compliance burden as their biggest challenge, with advisers spending an average of 6.2 hours to produce a Statement of Advice for the typical client. "So as big a disrupter COVID-19 has been, it's still hasn't topped the impact of FoFA and the ...

500 advisers exit during COVID-19

ELIZABETH MCARTHUR | THURSDAY, 23 APR 2020

... advise about the early release of superannuation. "It's not worth the $300," Tynan said. "It's not just the Statement of Advice, it's everything. It's so hard.... And it's harder for people in the country and in regional Australia." However, Tynan did ...

Seek financial advice: Hume

ELIZABETH MCARTHUR | WEDNESDAY, 22 APR 2020

... advisers. The relief will allow advisers to give clients guidance on early release of super without doing a statement of advice but advice fees on the stimulus measures will be capped at $300. The early release of super for those who are suffering financially ...

AIOFP launches fresh campaign, criticises FPA

ELIZABETH MCARTHUR | TUESDAY, 21 APR 2020

... ASIC, they have only temporally stopped their grandfathered revenue cessation pressure on manufacturers and statement of advice related concessions due to the COVID-19 crises for politically compassionate purposes," he said. "They have clearly stated ...

BAS agents to give financial advice

ELIZABETH MCARTHUR | FRIDAY, 17 APR 2020

... assist the provision of advice around early access to super, ASIC has allowed advice providers to not give a Statement of Advice when doing so; permitted registered tax agents to give advice to existing clients about the scheme without an AFSL; and issued ...

ASIC provides relief around early super access advice

JAMIE WILLIAMSON | TUESDAY, 14 APR 2020

... around the government's early access to super scheme, ASIC has allowed advice providers to not give a Statement of Advice (SOA) when doing so; permitted registered tax agents to give advice to existing clients about the scheme without an AFSL; and ...

Isolated advisers enter the digital age

ALLY SELBY | THURSDAY, 9 APR 2020

... itself creates efficiencies because clients don't call back and go, 'oh, what did you say in that Statement of Advice presentation meeting?' They actually naturally go back to the video recorded during the meeting and check themselves." Interestingly ...

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Australian Unity to shed 195 roles

MATTHEW WAI

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

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