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Showing 1691 - 1700 of 6264 results for "DET"

Vanguard targeted in bond fund scam

KANIKA SOOD  |  WEDNESDAY, 31 MAR 2021
Vanguard is the latest fund manager to have its branding used by scammers spruiking fraudulent bond funds. The asset manager said scammers are buying advertisements on search engines for terms relating to "bond or high yield investments". When a person ...

Why advisers don't recommend annuities

KANIKA SOOD  |  WEDNESDAY, 31 MAR 2021
New research from University of Melbourne researchers has identified two reasons why financial advisers don't recommend annuities to their clients. Orford Initiative's latest findings found advisers play a key role in recommending annuities, but face ...

Multiples paid for client books dip

KARREN VERGARA  |  WEDNESDAY, 31 MAR 2021
How much financial advisers can expect to sell a book of investment and superannuation clients for has decreased over the last two years, according to a new valuation report. Radar Results has released its March 2021 price guide, highlighting a downward ...

DDO to simplify general, personal advice

ANNABELLE DICKSON  |  TUESDAY, 30 MAR 2021
The outcome of the High Court decision on general advice will have an interesting and simplifying effect on the design and distribution obligations coming into effect later this year, according to a lawyer. Speaking at a Financial Services Council (FSC) ...

Morningstar releases DDO solution

ELIZABETH MCARTHUR  |  TUESDAY, 30 MAR 2021
With the October 2021 deadline for ASIC's new product design and distribution obligations fast approaching, Morningstar has released a new solution. "The most meaningful way to keep regulatory compliance costs low for industry participants and consumers ...

ClearView bolsters team

ELIZABETH MCARTHUR  |  TUESDAY, 30 MAR 2021
Listed financial services company ClearView Wealth has made a key appointment to its life insurance team. Nick Kulikov has been appointed to the newly created position of head of product and pricing. In the new role he will be responsible for ClearView's ...

Kin Group bids to takeover McPherson's

ELIZABETH MCARTHUR  |  FRIDAY, 26 MAR 2021
Family office Kin Group has moved to acquire consumer products and wellness company McPherson's via its subsidiary Gallin. Gallin is offering McPherson's (ASX: MCP) investors $1.34 per share, a 9.8% premium on the 24 March 2021 close price of ...

ASIC okay with virtual AGMs

KANIKA SOOD  |  WEDNESDAY, 24 MAR 2021
The corporate regulator will take a "no action" position on companies holding their annual general meetings via videoconferencing as the COVID protections lapse. ASIC's no action position will: support the holding of meetings using appropriate technology ...

Aware to restructure advice offering

ELIZABETH MCARTHUR  |  WEDNESDAY, 24 MAR 2021
One of Australia's largest superannuation funds, Aware Super, is restructuring its financial advice team in a move which will result in redundancies. The $130 billion fund said it has observed a trend away from ongoing advice contracts and towards on-demand ...

Insider trading four times more common

ELIZABETH MCARTHUR  |  TUESDAY, 23 MAR 2021
New research estimates that the actual prevalence of illegal insider trading is much higher than regulators think, at least four times greater than the number of prosecutions. The research was conducted by Vinay Patel and Talis Putnins from the University ...