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Showing 111 - 120 of 1613 results for "Recommended"

Bell Financial takes lead on SelfWealth takeover

KARREN VERGARA  |  MONDAY, 25 NOV 2024
... improve the price and the conditionality of their respective proposals." Ultimately, SelfWealth's board unanimously recommended BFG's revised proposal. "We look forward to working with Selfwealth to ensure a smooth integration of our two businesses with ...

Second bidder enters SelfWealth takeover talks

KARREN VERGARA  |  FRIDAY, 15 NOV 2024
... with its continuous disclosure obligations." This week, the board agreed that BFG's proposal was "compelling" and recommended shareholders to vote in favour of it in the absence of a superior proposal. AxiCorp's proposal includes conditions such ...

Liberal MP calls for SoA replacement

KARREN VERGARA  |  TUESDAY, 5 NOV 2024
... bill, we replace the SoA with what is called an RoA," he said. Michelle Levy's Quality of Advice Review (QAR) recommended eliminating SoAs altogether, which he does not agree with. "I'm not of the view that these SoAs should be removed or altogether ...

JP Morgan subsidiaries fined $230m by regulator

JAMIE WILLIAMSON  |  FRIDAY, 1 NOV 2024
... found JPMS failed to fairly disclose financial incentives it and its financial advisers were entitled to when they recommended the firm's own Portfolio Management Program over third-party programs also offered by JPMS. This occurred between 2017 and ...

Advisers must prioritise Conflicts Priority Rule: AFCA

KARREN VERGARA  |  MONDAY, 28 OCT 2024
... often being put in the wrong part of the [client's] asset allocation," she said. Dixon advisers were found to have recommended several related-entity products to clients that AFCA saw took up a significant portion of clients' portfolios. This was also ...

CSLR warns adviser levy will balloon

KARREN VERGARA  |  FRIDAY, 25 OCT 2024
... Financial Outcomes and Other Measures) Act 2024 (DBFO Act). "Dealing, which includes implementing a product that has been recommended as part of the provision of financial advice, is a critical service provided to clients. This relief now provides certainty ...

Queensland-based financial firm loses AFSL

MATTHEW WAI  |  FRIDAY, 25 OCT 2024
... Understood to have failed to comply with the above, ASIC cancelled the licence on October 18. Next Gen had previously recommended its clients to invest in the Global Capital Property Fund (in Liquidation) (GCPF) and the Shield Master Fund. GCPF was a ...

APRA prioritises supervision of trustee spending

JAMIE WILLIAMSON  |  TUESDAY, 22 OCT 2024
... outcomes. "This will include exploring matters of governance, conflicts of interest, and once in effect, attestations recommended under Superannuation Practice Guide 515 Strategic and Business Planning (SPG 515) and the role of accountable persons under ...

Schroders launches high yield credit strategy

MATTHEW WAI  |  FRIDAY, 27 SEP 2024
... (gross of fees) and 2.79% p.a. (gross of fees) over the past five and 10 years respectively." The fund has received a recommended rating from Zenith Investment Partners.

Platinum quashes Regal bid

ANDREW MCKEAN  |  THURSDAY, 26 SEP 2024
... guarantee discussions with Regal would progress, that due diligence would be granted, or that a binding proposal would be recommended by the board. Regal also noted that talks were still early and there's no guarantee they'd lead to a deal. "... Regal ...