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Showing 111 - 120 of 1635 results for "Recommended"

'Incompetent' adviser permanently banned by ASIC

MATTHEW WAI  |  FRIDAY, 14 MAR 2025
... responsible manager of AFS Licensee (AFSL) Suetonius Wealth Management between 28 July 2020 and 14 December 2020, where he recommended to at least 18 clients that they invest in a "Principal-protected Private Placement Program" which offered high-yield ...

Court acts against two with links to Shield Master Fund

JAMIE WILLIAMSON  |  THURSDAY, 27 FEB 2025
... Advice, which trade as Venture Egg and Financial Services Group Australia. Merhi was one of the financial advisers that recommended his clients invest in the Shield Master Fund. In December 2024, Keystone Asset Management - the responsible entity for ...

Life insurers enhance domestic violence response

MATTHEW WAI  |  THURSDAY, 20 FEB 2025
... Fitzpatrick said consideration of financial abuse should be allocated within life insurance's product design. "The recommended changes will prevent perpetrators from weaponising life insurance as a tactic of coercive control and provide additional protection ...

AustralianSuper warns outdated tax laws will hurt returns

ANDREW MCKEAN  |  WEDNESDAY, 19 FEB 2025
... added that the $500 cap on the tax refund no longer fully offsets the tax on super contributions. AustralianSuper recommended expanding LISTO to ensure all low-income earners receive "fair tax concessions" on their super, allowing them to benefit from ...

FSCP deregisters adviser for two years

KARREN VERGARA  |  WEDNESDAY, 12 FEB 2025
... client and appropriate to their circumstances (Standards 1 and 5). Meilak also failed to provide advice on products recommended to clients that were in good faith, delivered with competence and be neither misleading nor deceptive (Standard 9). The FSCP ...

Most retirees who rent live in poverty: Grattan Institute

ANDREW MCKEAN  |  MONDAY, 10 FEB 2025
... today's low-income renters are likely to become tomorrow's struggling renters in retirement," the report said. Grattan recommended increasing the maximum rate of Commonwealth Rent Assistance by 50% for singles and sharers and 40% for couples, with payments ...

FAAA 'frustrated' as Dixon inquiry delayed

ELIZA BAVIN  |  THURSDAY, 6 FEB 2025
... costs of providing financial advice, so that advisers can service more clients at a high standard." The submission recommended several measures the government can take to increase the supply of, and reduce the cost of, professional financial advice. ...

FSCP orders adviser to undertake further education

KARREN VERGARA  |  WEDNESDAY, 5 FEB 2025
... client make a superannuation non-concessional contribution of $329,000 in the 2023 financial year. The second adviser recommended a client make a tax-deductible contribution to superannuation to reduce the tax liability from expected capital gains via ...

Insignia Financial receives bid from Brookfield

ELIZA BAVIN  |  WEDNESDAY, 5 FEB 2025
... diligence does not guarantee that the indicative proposal will result in a binding offer or one that is capable of being recommended by the board of Insignia Financial," the wealth manager said. While this marks the first formal offer from Brookfield ...

Insignia grants CC Capital limited due diligence

ELIZA BAVIN  |  MONDAY, 20 JAN 2025
... guarantee that the CC Capital Revised Indicative Proposal will result in a binding offer or one that is capable of being recommended by the board. The board has told shareholders they do not need to take any action and Insignia will continue to keep ...