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Showing 131 - 140 of 1635 results for "Recommended"

Keystone Asset Management to be wound up

JAMIE WILLIAMSON  |  TUESDAY, 3 DEC 2024
... said. In all, ASIC is investigating KAM, its directors and officers, the super trustees, the financial advisers who recommended investments in Shield, the lead generators, and others. At a meeting yesterday, KAM's creditors resolved to wind the business ...

Objective of super enshrined in law

JAMIE WILLIAMSON  |  FRIDAY, 29 NOV 2024
... after the establishment of compulsory superannuation and the creation of the Superannuation Guarantee and was first recommended by the Financial Systems Inquiry in 2014 and reinforced in the Retirement Income Review of 2020. Super Members Council chief ...

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 ...

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 ...

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 ...

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 ...