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Showing 1 - 10 of 10509 results for "Make"

Brisbane financial adviser has assets frozen

ANDREW MCKEAN  |  FRIDAY, 10 MAY 2024
... severity of the alleged conduct, including possible criminal charges, and Prakash's pivotal role in ASIC's investigation, make urgent ex parte orders necessary in the public interest. On 28 March 2023, the Court made orders preserving the assets ...

'Just do what you say you'll do': ASIC's message to trustees

JAMIE WILLIAMSON  |  FRIDAY, 10 MAY 2024
... to do the right level of due diligence, testing and sampling. It's just good governance and good risk management, to make sure that having these advice fees taken out of [a member's] account, which is held in trust by the trustee, that it stacks ...

Inflation spooks retirees more than healthcare costs

KARREN VERGARA  |  FRIDAY, 10 MAY 2024
... retirement, as the value of those contributions compounds over time," he said. To prepare for retirement, 34% of members make extra super contributions; 38% are paying off home loans; and 46% are reducing their debt. Meanwhile, the majority (68%) of ...

Morningstar unsure if KKR's Perpetual bid benefits shareholders

ANDREW MCKEAN  |  THURSDAY, 9 MAY 2024
... shareholders," he said. However, he added that uncertainties regarding transaction costs, separation expenses, and capital gains tax make it difficult to determine if the deal is accretive to Morningstar's intrinsic assessment. KKR offered $2.2 billion ...

SMC says 'reckless' plan could cost taxpayers $1tn

ELIZA BAVIN  |  THURSDAY, 9 MAY 2024
... Misha Schubert said a growing body of expert evidence showed the policy would not lift home ownership rates but would only make housing affordability worse while eroding retirement savings and leaving all Australians a tax bill. "It's economically reckless. ...

Advisers must unite for major reforms: SIAA

KARREN VERGARA  |  THURSDAY, 9 MAY 2024
... Financial advisers will need to band together to successfully get through another of period of reforms that will ultimately make advice accessible and affordable, this year's Stockbrokers and Investment Advisers Association (SIAA) Conference will ...

Platinum's FUM dips below $14bn

KARREN VERGARA  |  WEDNESDAY, 8 MAY 2024
... Incidentally, Morningstar cut its fair value estimate of Platinum's share price by 20% to $1.00. "Product limitations make it difficult for Platinum to attract fund flows. Platinum's benchmark agnostic, contrarian investment style and performance ...

UniSuper outage continues, no cause identified

JAMIE WILLIAMSON  |  TUESDAY, 7 MAY 2024
... now, with members unable to access their online accounts. Among other things, they also cannot consolidate their super or make withdrawal requests. The fund also hasn't been able to accept new joiners via its website. It was confirmed last Friday ...

ASIC clamps down on advisers, trustees cold calling

KARREN VERGARA  |  TUESDAY, 7 MAY 2024
... up to $6000 to roll members into an inappropriate fund. The government allows telemarketers and cold-calling businesses to make unsolicited calls during certain hours - weekdays between 9am and 8pm and Saturdays between 9am and 5pm. ASIC warns cold-calling ...

ASIC prevails in landmark case against BPS Financial

ANDREW MCKEAN  |  MONDAY, 6 MAY 2024
ASIC has won a case against BPS Financial, following a Federal Court ruling that found the latter guilty of offering 'Qoin Wallet,' a non-cash payment facility that used the 'Qoin' cryptocurrency token, without an Australian Financial Services Licence ...
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