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Article Abstract:

The Australian Securities and Investments CommissionEs (ASIC) recent report into 'soft dollar' commissions reveals that many financial planners do not disclose that information, even though they are required by law to do so. The Financial Services Reform Act requires advisers to disclose information about any monetary and nonmonetary benefits, and other interests and relationships with the issuers of any financial product that might be capable of influencing their advice.

Author: Derkley, Karin
Publisher: Fairfax Business Publication
Publication Name: Personal Investor (Melbourne, Vic.)
Subject: Personal finance
ISSN: 0813-2992
Year: 2004
Reports, Investments, Australia. Securities and Investments Commission, Investment management

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The worst-laid plans

Article Abstract:

The survey of the quality of financial planning conducted by the Australian Consumers Association (ACA) and the Australian Securities and Investments Commission (ASIC) is presented. The survey results in 1998 showed some improvements over the year 1995, and the survey committee is planning for further improvements.

Author: Derkley, Karin
Publisher: Fairfax Business Publication
Publication Name: Personal Investor (Melbourne, Vic.)
Subject: Personal finance
ISSN: 0813-2992
Year: 2003
United States, Financial Planning, Surveys

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Good advice, but at what cost?

Article Abstract:

Any provider of the financial product should compulsorily adhere to the new 'financial services guides' and 'product disclosure statements' made out by the Financial Services Reform legislation. The consumer is likely to pay for all the information and compliance required by the new legislation.

Author: Derkley, Karin
Publisher: Fairfax Business Publication
Publication Name: Personal Investor (Melbourne, Vic.)
Subject: Personal finance
ISSN: 0813-2992
Year: 2004
Justice, Justice, Public Order, and Safety Activities, Analysis, Law

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Subjects list: Australia, Laws, regulations and rules, Financial services industry, Financial services, Government regulation
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