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Showing 1 - 10 of 16 results for "Financial Services Guides"

Jones preps DBFO Tranche 2 for parliament

KARREN VERGARA  |  WEDNESDAY, 30 OCT 2024
... this will take place. Tranche 1, which included updating processes for ongoing fee arrangements and Financial Services Guides, passed parliament in July. Jones flagged that reforming advice laws will be a key aspect in improving member outcomes and making ...

CSLR warns adviser levy will balloon

KARREN VERGARA  |  FRIDAY, 25 OCT 2024
... by this reform. The ASIC Corporations (Amendment) Instrument 2024/809 amends the ASIC Corporations (Financial Services Guides) Instrument 2015/541 to address an unintended consequence of the Treasury Laws Amendment (Delivering Better Financial Outcomes ...

First advice reform bill passes parliament

KARREN VERGARA  |  FRIDAY, 5 JUL 2024
... in obtaining clients' consent to ongoing fee arrangements, provide flexibility in producing the Financial Services Guides, and improve transparency and protections for consumers who receive personal advice on insurance products. Before passing the ...

Super account advice fees a sticking point for advice bill: Senate inquiry

KARREN VERGARA  |  FRIDAY, 21 JUN 2024
... obtaining clients' consent to ongoing fee arrangements and provide flexibility in producing the Financial Services Guides. Recommendation 7 in which Levy asked to provide more certainty to trustees about the deduction of adviser fees from members' ...

Advice reforms draft laws consultation opens

KARREN VERGARA  |  WEDNESDAY, 12 JUN 2024
... ongoing advice fees to be deducted from a financial product. The bill proposes that advisers should make Financial Services Guides (FSG) easier to provide to retail clients. They can continue to provide clients an FSG or make information in the document ...

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 ...
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