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Showing 101 - 110 of 309 results for "Merit"

FPA calls for axe to fall on stamping fees

HARRISON WORLEY  |  WEDNESDAY, 29 JAN 2020
The peak body for financial planners has moved to reiterate its stance against non-client directed fees in financial advice, as consultation opens into the government's review of stamping fees. The Financial Planning Association of Australia has welcomed ...

Stamping fees consultation kicks off

KANIKA SOOD  |  TUESDAY, 28 JAN 2020
Treasury has announced a four-week consultation into "stamping fees" paid by fund managers to advisers and brokers for exchange-listed funds, as public scrutiny into the practice mounts. The Future of financial Advice (FoFA) reforms in 2013 put an end ...

Chief economist update: Brexit - the news that was

BENJAMIN ONG  |  FRIDAY, 10 JAN 2020
"MPs voted to give third reading to the Withdrawal Agreement Bill (WAB) by 330 to 231 - a majority of 99 - which allows the bill to sail through to the House of Lords where peers will begin line by line scrutiny next week." This the latest news from ...

ASX updates listing rules

ELIZA BAVIN  |  FRIDAY, 11 OCT 2019
... supported the proposal with some suggesting further extending the rule to other C-suite executives. The ASX said: "ASX can see merit in extending this requirement to CFOs, given the pivotal role they play at listed entities, and has amended [the condition] ...

Hong Kong drops LSE bid

ELIZA BAVIN  |  WEDNESDAY, 9 OCT 2019
... rejected the offer before it was pulled saying it fell "substantially short" of an appropriate valuation and there was "no merit in further engagement". In a statement, the Hong Kong Exchange said: "The board of HKEX continues to believe that a combination ...

MLC Wealth hunts new talent

JAMIE WILLIAMSON  |  TUESDAY, 27 AUG 2019
MLC Wealth is looking to fill four general manager roles to lead its restructured financial advice business. A spokesperson for NAB has confirmed the group is looking to appoint four new general managers; one for Godfrey Pembroke, another for the white ...

Down but not out: Top advisers adapt

ELIZABETH MCARTHUR  |  MONDAY, 26 AUG 2019
Latest figures from ASIC's Financial Adviser Register (FAR) paint a telling picture of the state of Australia's financial advice sector, with close to 3000 advisers dropping out of the industry since February. According to Rainmaker analysis, the official ...

MLC transforms advice business

KARREN VERGARA  |  THURSDAY, 15 AUG 2019
MLC Wealth is restructuring its financial advice business, including consolidating its aligned dealer groups down to two. MLC Wealth chief executive Geoff Lloyd today announced he is making major changes to its financial advice business ahead of separating ...

ASIC warns trustees on employer inducements

KARREN VERGARA  |  THURSDAY, 1 AUG 2019
Corporate regulator ASIC is reinforcing the illegality of superannuation funds inducing employers and the serious consequences that come with breaching the new law. ASIC released Infosheet 241 on Wednesday, reminding trustees that influencing employers ...

Managed accounts hit milestone

ELIZABETH MCARTHUR  |  WEDNESDAY, 31 JUL 2019
... associated with non-institutionally owned licensees at the end of March represented 1860 advisers. Those groups are Synchron, Merit Wealth, Interprac, Capstone, and Shaw And Partners Limited. The number of advisers in non-institutional AFSL groups is ...