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Showing 181 - 190 of 1643 results for "Selling"

Advice group convicted of hawking

JAMIE WILLIAMSON  |  WEDNESDAY, 22 FEB 2023
... anti-hawking laws to include financial advice firms using third parties to solicit business via cold calling. "When they're selling financial services like superannuation advice to skirt around a gap in the law and trying to bamboozle consumers with ...

Cold calling advice firms called out

JAMIE WILLIAMSON  |  WEDNESDAY, 1 FEB 2023
... somebody we don't know who is trying to sell us something we don't need or even want," Scheerlinck said. "When they're selling financial services like superannuation advice to skirt around a gap in the law and trying to bamboozle consumers with half-truths ...

Calastone reports sharp managed fund flow declines in 2022

ANDREW MCKEAN  |  TUESDAY, 24 JAN 2023
... Calastone attributed the lacklustre inflows to a decrease in buyers, with orders dropping by 15%, rather than an increase in selling. The global funds network added that declining net inflows indicated a greater level of uncertainty among investors regarding ...

Pensioner work bonus top of mind for advisers

CHLOE WALKER  |  TUESDAY, 17 JAN 2023
... contribution caps and can still be made even if a person has a total upper balance greater than $1.7 million. The consequences of selling the principal home on eligibility for Centrelink payments should be weighed up carefully, Howard warned. Howard ...

Regulator issues interim stop orders

JAMIE WILLIAMSON  |  MONDAY, 9 JAN 2023
... exposed to a very high-risk strategy that generates absolute returns by trading in listed equities and by using short selling, leverage and derivatives, ASIC explained. The managed fund invested in property development projects is subject to project ...

ASIC takes civil action against Firstmac

CASSANDRA BALDINI  |  FRIDAY, 16 DEC 2022
... steps to ensure that the product was distributed in accordance with the TMD. It is ASIC's case that by adopting a cross-selling strategy of marketing and distributing High Livez to term deposit holders, there was a likelihood that those customers would ...

Super funds told to report asset valuations more frequently

ANDREW MCKEAN  |  FRIDAY, 18 NOV 2022
... consider the potential impacts on beneficiaries of secondary risks associated with liquidity risk, including the impact of selling assets at a 'stale' price, the impact on portfolio quality of an increasing proposition of illiquid assets, and ...

Magellan seeks $1m increase to director fees

ANDREW MCKEAN  |  TUESDAY, 15 NOV 2022
... Douglas dumped $118.3 million of his shares in the company, a partial sale. Douglas explained that his rationale for the selling action was for family diversification purposes, he then expressed full confidence in the Magellan investment team. In June ...

ANZ to pay $42m in insurance lawsuit

CASSANDRA BALDINI  |  MONDAY, 14 NOV 2022
... and engaged in unconscionable conduct concerning the sale and issue of the policies to customers by, among other things, selling or issuing policies with no or little value. Finally, it stated that ANZ offered inappropriate personal advice to some customers ...

Vanguard Super reignites fee war with launch

JAMIE WILLIAMSON  |  FRIDAY, 11 NOV 2022
... when a member celebrates their 47 th birthday. A typical lifecycle product adjusts allocations four or five times. A key selling point of the product is its low-cost, including no dollar-based fees. The lifecycle option comes in at 0.58% total fees per ...