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GENERAL ADVICE
Financial planning
The Stockbrokers and Investment Advisers Association believes the Quality of Advice Review proposals classifying broker research as personal financial advice will have ne...
Financial planning
The term ‘general advice’ should be renamed ‘general information’ according to Scientiam, in order to strengthen consumer protections and minimise confusion....
Financial planning
Due to the level of personal information required for investment and superannuation advice, general advice only works for risk advice, while the corporate regulator confi...
Financial planning
The corporate regulator’s decision to ignore the problem with the term ‘general advice’ will continue to confuse consumers, according to the Financial Planning Associatio...
Financial planning
The word ‘advice’ should be extracted from intrafund, general, and robo because they are really just providing information....
Financial planning
Renaming ‘general advice’ will be crucial to the manner in which digital advice is delivered in Australia and how it sits alongside traditional advice models, according t...
Financial planning
The Australian Securities and Investments Commission has confirmed the reliance of superannuation funds on general advice and the regulator’s concerns about vertical inte...
Financial planning
The Australian Securities and Investments Commission has issued a warning to firms seeking to operate under a ‘general advice’ model....
Financial planning
A major bank will refund over $3 million to more than 100 retail customers, after an investigation into whether customers believed they were receiving personal rather tha...
Financial planning
Many consumers are worryingly unaware of the distinction between general and personal advice, with 47 per cent of Australians incorrectly identifying general advice....
Financial planning
Superannuation funds have been placed on notice about the dangers of their telephone consultants drifting into their area of specific personal advice, with a fund ordered...
Financial planning
Replacing the term ‘general advice’ represents a positive step but it may need to be replaced by multiple terms and arrangements, according to the Australian Securities a...
Financial planning
The Productivity Commission has agreed the term ‘general advice’ is misleading and should be changed, with advice being regarded as being owned by professional advisers....
Financial planning
The Commonwealth Bank has confirmed it has looked at how far it can go within the legal constraints of general advice....
Financial planning
The Australian Securities and Investments Commission is looking to crackdown on financial services licensees seeking to avoid their obligations by claiming personal advi...
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Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...
This verdict highlights something deeply wrong and rotten at the heart of the FSCP. We are witnessing a heavy-handed, op...
Interesting. Would be good to know the details of the StrategyOne deal....