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Showing 1791 - 1800 of 19405 results for "One"

Majority comply with IDR reporting: ASIC

KARREN VERGARA  |  MONDAY, 18 MAR 2024
... matter of populating a spreadsheet that details the complaints that have been received by a licensee". Anderson points out that one important aspect of the IDR from an advice firm point of view is that most advisers do not get any complaints. "They go ...

Australian Retirement Trust announces new investment strategy and options

ELIZA BAVIN  |  FRIDAY, 15 MAR 2024
... be open to all members. This option delivered a return of 8.95% p.a. over 10 years to 31 December 2023, securing the number one spot in the SuperRatings SR50 Growth Index over that period," she said. The fund's Lifecycle strategy will be changing ...

Advisers flock to managed accounts, but are very selective

ELIZA BAVIN  |  FRIDAY, 15 MAR 2024
... support advisers' holistic approach to financial planning. "Fifty-nine per cent of advisers cite 'freeing up their time' as one of the main upsides of using managed accounts with advisers now reporting they, or their support staff, save on average 22.8 ...

Australian Retirement Trust completes Alcoa merger

JAMIE WILLIAMSON  |  THURSDAY, 14 MAR 2024
Australian Retirement Trust (ART) finalised the successor fund transfer with the Alcoa of Australia Retirement Plan, one year on from discussions kicking off. In December 2022, Alcoa Super informed members it was on the hunt for potential merger partners ...

ATO refers SMSF auditors to ASIC

JAMIE WILLIAMSON  |  THURSDAY, 14 MAR 2024
... independence review of all SMSF audit clients and notification of the conditions to their professional association," ASIC said. One of the auditors who had conditions imposed has applied to the Administrative Appeals Tribunal for a review. ASIC deputy ...

AFCA secures $40m in refunds

ELIZA BAVIN  |  THURSDAY, 14 MAR 2024
... superannuation with 11 reports, general insurance with six reports, investments and advice with three reports and life insurance with one. In superannuation, the issues included breaches of the SIS Act and SIS Regulations, incorrect cancellation of insurance ...

Low-margin clients hurt practice valuations

KARREN VERGARA  |  THURSDAY, 14 MAR 2024
Lower fee-paying clients are severely affecting financial advice practices' bottom line and ultimately drag business valuations, a new analysis reveals. The latest Advice practice acquisition, sale & valuation guide from Centurion Market Makers highlights ...

FAAA calls on ATO to provide clarity over advice fees

ELIZA BAVIN  |  THURSDAY, 14 MAR 2024
... the deductibility of upfront fees as it relates to taxation. However, we do suggest the Commissioner's prevailing view in one area - that a fee for financial advice in connection with initial financial advice on the proposed investment of existing funds ...

Coastal Advice Group merges with Compass Financial Management

ELIZA BAVIN  |  THURSDAY, 14 MAR 2024
... Management said. The recent expansion initiatives are aligned with CAG's growth plan, aimed at solidifying its position as one of Australia's premier providers of financial advice. CAG will offer specialist advice and customer experience with ...

Sexism in the City: UK financial sector slammed

JAMIE WILLIAMSON  |  WEDNESDAY, 13 MAR 2024
... exercises." In the UK financial sector, women account for 35% of senior management roles, up from 27% in 2016. However, at one percentage point per year, the pace of progress is far too slow, the Committee said. It added that funds management has the ...