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Showing 81 - 90 of 2285 results for "Practices"

Licensees shun remediation obligations: ASIC

KARREN VERGARA  |  TUESDAY, 26 SEP 2023
... investigated but has written to them about its findings and concerns. It expects all licensees to align their remediation practices with the standards. "Getting remediation wrong is very costly - costly to consumers who bear the burden of a financial ...

APRA consults on hybrid bond resilience

CASSANDRA BALDINI  |  THURSDAY, 21 SEP 2023
... the instruments to equity or write them off. However, it said there are currently certain design features and market practices that would create significant challenges, or potentially undermine, the effectiveness of such use in Australia. "Recent episodes ...

Project to tackle dwindling number of risk advisers

CASSANDRA BALDINI  |  TUESDAY, 19 SEP 2023
... costly to deliver than ever, with remuneration models that don't always support its integration into financial planning practices. Yet, it's a crucial element that can't be ignored," the firms said. Risk Hub founder Mark Fabris shared his excitement ...

Financial planning veteran launches ideas exchange

ANDREW MCKEAN  |  MONDAY, 18 SEP 2023
... dynamic platform that empowers leading advisers to exchange ideas and insights, ultimately raising the bar for best practices in our industry." The platform is guided by the belief that financial advice practices are more inclined to collaborate with ...

ISPT appoints risk, legal chief

ANDREW MCKEAN  |  FRIDAY, 15 SEP 2023
... Chapple. The appointment is in line with ISPT's ongoing strategy to focus on capability building, evolving business practices, and simplifying the organisation's structure for increased efficiency. ISPT is currently exploring a potential merger ...

A roadmap for transitioning to managed accounts

ANDREW MCKEAN  |  THURSDAY, 14 SEP 2023
... advisers to focus initially on those who will derive the most value from managed accounts. This targeted approach helps practices monitor and manage the transition more effectively.

Priority Advisory Group, Wise Planners merge

KARREN VERGARA  |  WEDNESDAY, 13 SEP 2023
... four divisions: personal and family wealth, aged care, life risk insurance, and workplace financial advice. The two practices are authorised representatives of Fortnum Private Wealth. Wise Planners founder and chief executive Gareth Hall founded the ...

Viridian launches new specialist division amid acquisition drive

ANDREW MCKEAN  |  TUESDAY, 12 SEP 2023
... AFSL, marking its evolution into a dual-structured entity. Infinity Capital Solutions (ICS) affords third-party advice practices and financial advisers access to Viridian's proprietary model through four distinct offerings: asset management, portfolio ...

AustralianSuper sued over multiple accounts

JAMIE WILLIAMSON  |  FRIDAY, 8 SEP 2023
... trustees are monitoring and merging multiple accounts. That review urged trustees to do better on this front, saying poor practices were causing member detriment. In court documents, ASIC said that between 2019 and 2023, the super fund failed to have ...

APRA finds signs of step change in remuneration practices

ANDREW MCKEAN  |  THURSDAY, 7 SEP 2023
APRA has found early signs of change in the remuneration practices of financial services entities in a review of how Prudential Standard CPS 511 has been applied. In a letter to all APRA-regulated entities, the regulator said it was pleased with the ...