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Showing 81 - 90 of 118 results for "Financial product advice"

ASIC warns SMSF accountants to have backup plan

KERRIE SYDEE  |  WEDNESDAY, 8 JUN 2016
... been granted, or they become an authorised representative of a licensee, they are not able to provide financial product advice on self-managed superannuation funds (SMSFs). ASIC senior executive leader, assessment and intelligence, Warren Day noted that ...

ASIC accepts EU of former adviser

KERRIE SYDEE  |  WEDNESDAY, 18 MAY 2016
... following the ban, he must notify ASIC and undergo additional prescribed training in the provision of financial product advice. Melamed has acknowledged that ASIC's concerns about his advice were "reasonably held".

Treasury seeks consultation on adviser register

LAURA MILLAN  |  THURSDAY, 27 NOV 2014
... to redefine the concept of 'authorised representative' so it includes every employee able to provide financial product advice, as opposed to the advisers listed under the Australian financial services (AFS) licence. Treasury is planning to finalise the ...

Tight regulation getting in the way of digital advice: Minter Ellison

LAURA MILLAN  |  MONDAY, 22 SEP 2014
... conditions mean that very few providers can rely on it even for simple calculators that do not contain financial product advice or only general advice," the law firm said in a submission to the Financial System Inquiry. Minter Ellison argued that there ...

Ties between product and advice "archaic": FPA

ALICE URIBE  |  FRIDAY, 5 SEP 2014
The Financial Planning Association urged the Financial System Inquiry to review the definition of 'financial product advice' in the Corporations Act and said that the current regime was "detrimental to innovation." In its second submission to inquiry ...

Licensee under ASIC scrutiny after employing AAA advisers

LAURA MILLAN  |  WEDNESDAY, 30 JUL 2014
... (AFS) licenses were cancelled by the regulator in February 2013. ASIC identified numerous instances where financial product advice provided by PGW to clients did not demonstrate a reasonable basis for the recommendations made and compliance with disclosure ...

ASIC concerned about SMSFs, warns spruikers

LAURA MILLAN  |  THURSDAY, 17 JUL 2014
... estate agents and property advisers may not realise that they may be carrying on a business of providing financial product advice and may need an AFS licence." ASIC will also be looking at SMSF seminars and, if it identifies breaches, "regulatory action ...

CBA wants Senate to fix corporate super advice

LAURA MILLAN  |  MONDAY, 12 MAY 2014
... also asked to "limit the ban on conflicted remuneration to life insurance products within super where no financial product advice has been provided, except in relation to MySuper products." The inquiry into the Corporations Amendment (Streamlining of ...

Stakeholders stage FoFA confrontation in Senate submissions

LAURA MILLAN  |  WEDNESDAY, 7 MAY 2014
... 'catch-all' phrase, but expressed its strong opposition to "any possible re-introduction of commissions for financial product advice on superannuation and investment products." The inquiry into the Corporations Amendment (Streamlining of FoFA) Bill 2014 ...

FPA calls for clear separation of general and personal advice

LAURA MILLAN  |  FRIDAY, 4 APR 2014
... difficult for consumers to distinguish personal advice from product sales. "We are concerned that defining financial product advice on this basis makes it more difficult for investors to distinguish personal financial advice from marketing material or ...