All posts tagged "advice"
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411EuropeEU Considers Ban on Inducements for Selling Retail Investment Products
A ban on banks paying inducements to distributors, brokers and investment advisors would fundamentally change banking business models.
January 12, 2023 -
376Australia & NZAustralian Court Dismisses ASIC Lawsuit Against CBA
The Federal Court ruled that ASIC failed to establish that CBA received conflicted remuneration when distributing Colonial First State's superannuation product.
October 3, 2022 -
664MalaysiaBNM Finalises Conduct Requirements for Financial Advisers
Advisers will have to provide customers with suitable product options from at least three different providers for each class of insurance or takaful business being recommended.
April 29, 2022 -
441Australia & NZASIC Consults on CCIV Licensing Requirements
ASIC will be able to limit a corporate director’s CCIV operations to one CCIV with a single sub-fund if the corporate director fails to demonstrate 'organisational competence' and capacity.
March 22, 2022 -
447MalaysiaBNM Amends Rules on Managing Financial Adviser Conduct
Advisers will have to provide customers with suitable product options from at least three different providers when recommending insurance or takaful products.
August 16, 2021 -
380Australia & NZASIC Issues Update on Advice Compensation Paid by Banks
Australia's largest financial institutions have paid over A$1.24 billion to compensate customers for fees-for-no-service misconduct and non-compliant advice.
February 17, 2021 -
676Big PictureMajor Banks’ Fee-based Revenue at Risk – Study
Increased regulatory pressure and growing competition from new players could cost incumbent banks 5% of their revenue over the next 3-5 years, says a new report from Accenture.
March 11, 2020 -
547Australia & NZ
ASIC Bans Adviser for Bad Investment Recommendation
A former adviser of NAB-owned Godfrey Pembroke failed to act in his clients' best interests by recommending they invest in a mobile payments start-up that later failed.
January 29, 2020 -
1.4KMalaysia
Malaysia Mandates Fair Treatment of Financial Consumers
A new BNM policy document sets out expectations for financial firms to prioritise the interests of financial consumers and effectively manage conduct risks.
November 11, 2019 -
741EnforcementSEBI Proposes SRO Nomination Plan for Mutual Fund Distributors, Advisers
A consultation proposes the creation of a nomination committee comprising external experts to recommend a self regulatory organisation for mutual fund distributors and advisers to curb mis-selling.
April 2, 2019
