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Showing 1 - 10 of 100+ results for "Statement of Advice"

Advisers overlook home equity release strategies

KARREN VERGARA  |  THURSDAY, 22 JUL 2021
... according to new research. Regtech Fourth Line and retiree financial services provider Pension Boost looked at the Statement of Advice of 15 licensees and 1980 financial advisers. Of the 5000 SOAs produced between 1 July 2019 to 15 May 2021, not one ...

ROA relief guidance released

KARREN VERGARA  |  FRIDAY, 16 JUL 2021
... is required because a client has suffered adverse economic effects as a result of COVID-19, in place of the Statement of Advice. The ROA must have a brief explanation of changes in the client's relevant personal circumstances as a result of the pandemic. ...

ASIC announces advice affordability findings

KARREN VERGARA  |  TUESDAY, 6 JUL 2021
... guidance is needed. A business' overheads and fixed costs are driving up the cost of advice, ASIC found. The Statement of Advice preparation, which includes client and product research, is a costly exercise. Some 146 respondents supported allowing ...

ASIC cancels BBY licence

KANIKA SOOD  |  TUESDAY, 29 JUN 2021
... former BBY adviser, who it said traded with client's money without their authorisation and outside of the Statement of Advice.

Licensee awards tech mandate

KARREN VERGARA  |  TUESDAY, 1 JUN 2021
... time on administrative work as a result of this new partnership. The solution is speeding up file notes and Statement of Advice generation and eliminates the need for a paper-based fact finder, the dealer group's managing director Sam El Shammaa ...

Asendium launches swift SOA solution

KARREN VERGARA  |  FRIDAY, 28 MAY 2021
The fintech has officially launched a solution that slashes the time to generate a statement of advice from eight hours to two hours. Asendium is aiming to reduce three major bottlenecks for advisers: processes, people and fragmented systems. Asendium ...

Adviser software soft launches

KARREN VERGARA  |  WEDNESDAY, 5 MAY 2021
... platform space. Topham is the founder of Clique Paraplanning, which provided paraplanning services mainly on Statement of Advice preparation for financial advisers. Over his experience in financial advice, Topham saw problems with collecting and presenting ...

FSC proposes new advice model

KARREN VERGARA  |  MONDAY, 19 APR 2021
Eradicating the Statement of Advice and the safe harbour steps are two recommendations that will help reduce red tape and make financial advice more affordable, according to the Financial Services Council. The financial services' peak body has laid ...

ASIC extends advice relief measure

KARREN VERGARA  |  THURSDAY, 15 APR 2021
... extending the relief measure that allows financial advisers to provide a Record of Advice (ROA) rather than a statement of advice (SOA) until October 15. The decision to extend the relief measure came after consulting with the industry, the corporate ...

DDO to simplify general, personal advice

ANNABELLE DICKSON  |  TUESDAY, 30 MAR 2021
... said. Pollinate head of society Pamela Souvlis shared similar sentiments and said consumers are not valuing a Statement of Advice and get a sense of trust from their advisers in other ways. "Consumers don't see it as being anything more than the fine ...
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