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Showing 1 - 10 of 11 results for "Financial Services Guides"

Tranche one of advice reforms hits parliament

KARREN VERGARA  |  WEDNESDAY, 27 MAR 2024
... from the Quality of Advice Review (QAR) include amending ongoing fee arrangements (OFA) and overhauling financial services guides (FSG) are set out in Treasury Laws Amendment (Delivering Better Financial Outcomes and Other Measures) Bill 2024. The first ...

Key advice reforms still coming, Jones promises

JAMIE WILLIAMSON  |  WEDNESDAY, 22 NOV 2023
... Jones said the first tranche of draft legislation - which included flexibility around the provision of Financial Services Guides and Fee Disclosure Statements - was simply "what we could get out the door as quickly as possible." He also added that policy ...

ASIC consults on refreshing PDSs, FSGs

KARREN VERGARA  |  FRIDAY, 18 FEB 2022
... ASIC has opened consultations on remaking the relief contained in product disclosure statements and financial services guides. Under Consultation Paper 358 Remaking ASIC relief on PDSs, superannuation dashboards and FSGs, the corporate regulator is proposing ...

AFA responds to Quality of Advice Review

KARREN VERGARA  |  THURSDAY, 10 FEB 2022
... the costs without removing any value-add activity to clients, the AFA said, questioning the value of Financial Services Guides as a case in point. "[The] Financial Services Guide (FSG), which may have been more important in the past, given conflicted ...

Sam Henderson cops ASIC ban

KANIKA SOOD, JAMIE WILLIAMSON  |  WEDNESDAY, 24 JUL 2019
... services to Henderson Maxwell clients. The firm failed to disclose this interest to its clients in two Financial Services Guides given to them. ASIC commissioner Danielle Press said: "Financial advisers are required by law to act in the best interests ...

AAT reduces former adviser's ban

HARRISON WORLEY  |  MONDAY, 23 JUL 2018
... Appeals Tribunal (AAT). In 2016 ASIC found Williams had acted dishonestly by providing clients with financial services guides in which he falsely claimed he had held and completed courses related to a Diploma of Financial Planning. ASIC also found that ...

ASIC calls on NAB to improve disclosure

JAMIE WILLIAMSON  |  FRIDAY, 7 JUL 2017
... firms, including MLC-branded and boutique investment manager products. The Statements of Advice and Financial Services Guides provided failed to fully disclose the connection between each customer's adviser, the advice licensee and the investments suggested. ...

ASIC permanently bans dishonest adviser

KERRIE SYDEE  |  MONDAY, 10 OCT 2016
... investigation by ASIC it was revealed that from December 2003 to March 2015. Williams had dishonestly provided Financial Services Guides to clients that contained false statements in relation to his qualifications. The guides wrongly stated that he held ...

Adviser linked to Spring FG banned for document forgery

LAURA MILLAN  |  THURSDAY, 3 SEP 2015
... falsifying Westpac finance letters to MOGS to get his commissions. He also failed to give SMSF clients financial services guides and statements of advice and he was not licensed or authorised to provide advice to SMSF trustees.

AdviserLogic launches licensee-to-adviser tech tool

STAFF WRITER  |  WEDNESDAY, 21 JAN 2015
... "the planner's AdviserLogic account can be a hub for all of the licensee's resources, including updated financial services guides and other AFSL documentation."
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