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Showing 1 - 10 of 11 results for "Financial Advice laws"

Jones preps DBFO Tranche 2 for parliament

KARREN VERGARA  |  WEDNESDAY, 30 OCT 2024
... funds, and life insurance firms will be able to provide simple advice. Jones told a recent AFR event: "The financial advice laws in the country are not fit-for-purpose. It's too expensive. Too hard to access. And too strangled by red tape to be helpful." ...

Why aged care advice needs tougher regulation

KARREN VERGARA  |  WEDNESDAY, 10 APR 2024
... and entities who provide aged care financial advice need to be authorised under an AFSL and comply with financial advice laws, regulations, and ethical codes. Aged Care Steps director Louise Biti said the variety of care options, rush to make immediate ...

ASIC issues warning to finfluencer sponsors

KARREN VERGARA  |  WEDNESDAY, 10 NOV 2021
... warning corporations that pay finfluencers to advertise products and services about potential breaches of financial advice laws. ASIC commissioner Cathie Armour said some listed companies are flocking to finfluencers for a fast and effective way to promote ...

Super stability not guaranteed: Rice Warner

HARRISON WORLEY  |  FRIDAY, 24 MAY 2019
... problems remaining unaddressed "despite the plethora of superannuation inquiries imposed on the industry". "The financial advice laws (reinforced by commentary from the Royal Commissioner) assume a financial adviser is independent only if they are not ...

ASIC staff to investigate institutions from the inside

JAMIE WILLIAMSON  |  TUESDAY, 7 AUG 2018
... ASIC's Financial Adviser Register and ensuring compliance by licensees and advisers with the Future of Financial Advice laws. In a joint statement, Treasurer Scott Morrison and Minister for Financial Services and Revenue Kelly O'Dwyer said: "The ...

Industry moves away from upfront commissions

LAURA MILLAN  |  THURSDAY, 25 JUN 2015
... volume-based payments from 1 July 2016, with appropriate grandfathering arrangements, consistent with the Future of Financial Advice laws. Life insurance companies will also have to offer fee-for-service insurance products to support advisers who wish ...

New report stokes 'Compare the Pair' flames

MARK SMITH  |  WEDNESDAY, 13 AUG 2014
... leveraging existing business banking relationships." The release also said recent "bank-friendly" changes to financial advice laws compound the problem. "As ISA has consistently argued, concentration in banking and vertically integrated financial advice ...

Cormann ready to issue views on Senate FoFA report

LAURA MILLAN  |  WEDNESDAY, 18 JUN 2014
... confirmed to Financial Standard that "the government will announce its approach to proposed improvements to financial advice laws shortly." The response "will include a considered response to the recommendations made by the Senate Economics Committee ...

FSC and ISA clash over super and awards

LAURA MILLAN  |  THURSDAY, 24 APR 2014
... merit based assessment of default super products follows on from the banks' failed efforts to wind back financial advice laws and bring back sales commissions." He added that "engaging in legal action and other measures to prevent or frustrate the legislated ...

Government releases FoFA amendments

LAURA MILLAN  |  FRIDAY, 20 DEC 2013
... providing advice to clients." Industry Super Australia (ISA) asked the government not to rush to make changes to financial advice laws ahead of the Son of Wallis inquiry. "A number of concessions were made by the previous Labor Government to the banks ...
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