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Showing 1 - 10 of 12 results for "Review of Advice"

ASIC expands list of super lead generation entities

VINNY VUCAGO  |  THURSDAY, 18 JUN 2026
... against their own data to help detect potentially harmful switching behaviour. The regulator is continuing its review of advice licensees that use lead generation business models and intends to publish further findings later this year.

WT Financial Group clear on 2026 strategy, rebrands retail advice arm

MATTHEW WAI  |  WEDNESDAY, 4 FEB 2026
... what a relatively small business has," Cullen said. "We run a central advice team that conducts all the peer review of advice documents within our broader network. There are several members in the team, probably five or six of them, who are doing their ...

ASIC suspends Newcastle advice firm's AFSL over missing key person

MATTHEW WAI  |  FRIDAY, 28 NOV 2025
... their licence and ensure they operate according to those conditions. The suspension is part of ASIC's broader review of advice licensees that use lead generation services and reinforces its ongoing focus to ensure compliance by AFSL holders.

Advice from Shartru failed best interests duty, ASIC says

JAMIE WILLIAMSON  |  MONDAY, 31 JUL 2023
... targeted surveillance by ASIC, during which it found Shartru was not adequately monitoring representatives. A review of advice documents found some advice provided by representatives failed to meet the best interests duty and related obligations, ASIC ...

ASIC reviewing risk advice, pushes for scaled advice

ANNABELLE DICKSON  |  WEDNESDAY, 14 OCT 2020
... Advisers Conference, ASIC senior executive leader, financial advisers Kate Metz revealed work has commenced its review of advice in life insurance in 2017 despite delays from COVID-19. "We have already started on that work, but we have now served notices ...

Calls for review of advice regulation

HARRISON WORLEY  |  THURSDAY, 6 FEB 2020
CPA Australia is campaigning government for a state funded review into the regulatory frameworks overseeing financial advice, which it believes alienate consumers and small business from the sector. In its pre-budget submission the peak body for certified ...

ASIC bans adviser again

HARRISON WORLEY  |  FRIDAY, 16 AUG 2019
... years by the corporate regulator for failing to act in the best interests of his clients. According to ASIC, a review of advice Aujla provided as an authorised representative of Infocus Securities Australia and Chaucer Group revealed he failed to obtain ...

AMP moves to reset business

JAMIE WILLIAMSON  |  FRIDAY, 27 JUL 2018
... year for three years. "As flagged at the 1Q18 update and at the AGM in May, AMP has been undertaking a detailed review of advice delivered and fees charged across its entire advice network including its aligned adviser base," AMP said. "The company is ...

Vertically integrated institutions failing to manage conflicts of interest

JAMIE WILLIAMSON  |  THURSDAY, 25 JAN 2018
... products and leaving clients ''significantly worse off" in 10% of cases. These are the major findings from ASIC's review of advice provided by vertically integrated institutions from 1 July 2014 to 28 February 2015 and 1 January 2017 to 31 March 2017 ...

CBA to pay $23 million for poor advice

JAMIE WILLIAMSON  |  WEDNESDAY, 8 FEB 2017
... 350,000 households contacted by the bank for inclusion in the program. Promontory is completing its independent review of advice assessed through the Open Advice Review program, with a final report expected on 31 March 2017. The cases assessed date from ...
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