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Showing 1221 - 1230 of 11010 results for "Account"

Court approves wind up of Prospero Markets

JAMIE WILLIAMSON  |  THURSDAY, 11 APR 2024
The Federal Court ordered Prospero Markets to be wound up following an application by the corporate regulator. ASIC has been investigating Prospero Markets for non-compliance with its AFSL conditions and obligations as an OTC derivatives issuer. The ...

Mercury Capital acquires KKR's stake in Findex

ANDREW MCKEAN  |  WEDNESDAY, 10 APR 2024
Mercury Capital will acquire KKR's 40% stake in wealth management and advisory firm Findex. The partnership will leverage Mercury Capital's understanding of the Australian and New Zealand markets and their experience working with business owners ...

Government introduces company merger overhaul

ANDREW MCKEAN  |  WEDNESDAY, 10 APR 2024
Australia's merger rules will be reformed in a bid to boost competition and productivity in the economy. Treasurer Jim Chalmers and assistant minister for competition, charities, and treasury Andrew Leigh jointly stated that mergers will be approved ...

Life insurers struggle with code compliance

KARREN VERGARA  |  WEDNESDAY, 10 APR 2024
... number of code breaches during 2022-23, rising 9% and amounting to 12,314. Four life insurers, which the LCCC did not name, account for 90% of the breaches. Breaches of section 8.15 of the code, communicating claim decisions, was the most prevalent ...

Why aged care advice needs tougher regulation

KARREN VERGARA  |  WEDNESDAY, 10 APR 2024
The lack of regulation around aged care advice has led to superficial and often conflicted advice, that can put older Australians at risk of elder abuse, according to Aged Care Steps, which is rallying for tougher protections and laws. Aged Care Steps ...

GIP Australia Fund surpasses new milestone

ELIZA BAVIN  |  WEDNESDAY, 10 APR 2024
... Australia, Asia, Europe and North America, GIP said. Several investors also participated in the GIP Australia Fund I and account for nearly half of GIPA II's commitments. The majority of GIPA II's commitments, by value, are from Australian institutions ...

Count completes Solutions Centric deal, reconsiders another

JAMIE WILLIAMSON  |  TUESDAY, 9 APR 2024
Count has finalised the acquisition of Solutions Centric, but flagged another of its recently announced deals isn't going to plan. The group's acquisition of 51% of Solutions Centric was effective on Friday, April 5. It first announced the deal on February ...

Zenith welcomes back original partner

ELIZA BAVIN  |  TUESDAY, 9 APR 2024
... depth and considerable market experience to the team, and further support the growing adviser demand for Zenith's managed account solutions. "After taking 12 months away from the industry to explore personal interests, Ben's passion for investing has ...

Super advice fee deductions compound red tape: JAWG

KARREN VERGARA  |  MONDAY, 8 APR 2024
... introduced in parliament on March 27, proposes to legislate trustees' ability to pay a fee from a member's super account to an adviser for personal financial advice provided as per Recommendation 7 of the Quality of Advice Review. This aims to ...

Super funds' IDR process weak, inadequate: AFCA

KARREN VERGARA  |  FRIDAY, 5 APR 2024
Superannuation funds are increasingly flouting their internal dispute resolution (IDR) process and are not doing enough to resolve member complaints before they reach the Australian Financial Complaints Authority (AFCA). The complaints authority warned ...