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Search ResultsShowing 1 - 10 of 100+ results for "Scaled Advice"
Vanguard to launch retirement income tool
ELIZA BAVIN  |  TUESDAY, 23 FEB 2021
... launched due to effective technology playing an increasingly critical role for advisers to deliver more efficient and scaled advice to their clients. "Vanguard is excited to add to our digital toolkit for advisers, which also includes our popular portfolio ...
Limited advice overdue for disruption
KARREN VERGARA  |  THURSDAY, 18 FEB 2021
... Promoting access to affordable advice for consumers, with many stakeholders pushing for expanding the constraints of scaled advice. Forman said there is currently a lack of clarity around this "collectively charged model", seeing many licensees erring ...
Hume advocates for affordable advice
KARREN VERGARA  |  WEDNESDAY, 20 JAN 2021
... financial advice, closed on January 18. One issue ASIC is delving into is terminology and the best way to refer to scaled advice, and if it should be changed to limited advice or transactional advice. ASIC found that the average cost of comprehensive ...
The barriers to limited advice: Licensees
ANNABELLE DICKSON  |  MONDAY, 11 JAN 2021
... incorporating things such as FASEA obligations," she said. What makes advisers and licensees cautious, she said, is that scaled advice is open to interpretation under FASEA and ASIC's own regulation and can be reinterpreted by the Australian Financial ...
ASIC opens consultation on scaled advice
ANNABELLE DICKSON  |  TUESDAY, 17 NOV 2020
... Investments Commission (ASIC) is calling on financial advisers to provide feedback to its consultation paper on affordable scaled advice. As previously announced last month , ASIC's latest consultation paper, Promoting access to affordable advice for ...
BT cuts Wealth Connect
ALLY SELBY  |  FRIDAY, 16 OCT 2020
BT has proposed changes to its Wealth Connect business which could see at least 38 roles become redundant, as Westpac continues to review its wealth platform, superannuation, investments and insurance businesses. BT's Wealth Connect team provides ...
ASIC reviewing risk advice, pushes for scaled advice
ANNABELLE DICKSON  |  WEDNESDAY, 14 OCT 2020
... Investments Commission is conducting a review of life insurance advice and plans to consult with the industry on scaled advice this year. Speaking at the Association of Financial Advisers Conference, ASIC senior executive leader, financial advisers Kate ...
FSC calls for scaled advice model
ALLY SELBY  |  TUESDAY, 11 AUG 2020
... two-year reform to enable scalable advice to help Australians through this period of economic uncertainty," it said. "Scaled advice would be documented through a Record of Advice and allow a client to seek advice on a specific subject, such as the impact ...
Fidelity backs personality tests
ELIZABETH MCARTHUR  |  FRIDAY, 31 JAN 2020
... about the human interaction with an adviser and want to know they're on the right path. Compass navigators want scaled advice with low fees and often worry about money. They have tight budgets and haven't built wealth. Their relationships with advisers ...
FASEA responds to concerns
ELIZABETH MCARTHUR  |  FRIDAY, 20 DEC 2019
... been met. If not, advisers will have to work out a "practicable" timeframe to do so. 7. How the code applies to scaled advice FASEA said it is not seeking to prohibit scaled advice. But, advisers must consider the longer-term requirements of the client ...
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