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Showing 221 - 230 of 2650 results for "Practices"

AFCA highlights 'pattern of delays' in super

ELIZA BAVIN  |  TUESDAY, 29 APR 2025
... Australian Financial Complaints Authority (AFCA) has released its bi-annual System Issues Insight Report, to address industry practices and reduce consumer complaints. In the first half of 2024-25, 235 matters were reported affecting 187,855 consumers ...

Advisers seek investment philosophy, performance in managed accounts provider

KARREN VERGARA  |  WEDNESDAY, 23 APR 2025
... broader adoption of managed accounts in Australia," he said. The managed accounts sector is growing exponentially as more practices adopt these solutions. Adviser Ratings founder Angus Wood recently told Financial Standard that managed accounts assets ...

Equity Story to buy advisory firm Baker Young

ANDREW MCKEAN  |  TUESDAY, 22 APR 2025
... Baker Young is an ideal strategic fit. "This acquisition exemplifies our thesis of consolidating high-quality advisory practices under a forward-thinking brand. As the advisory sector faces generational change and regulatory pressures, we see a clear ...

Mercer promotes wealth management lead

ELIZABETH FRY  |  THURSDAY, 17 APR 2025
... worked at AMP, serving as national business development manager for Hillross Financial Services and tasked with acquiring practices and financial advisers. Fitzgerald has a strong distribution background in several industries in Australia and New Zea ...

Future Group positions super offerings for growth

JAMIE WILLIAMSON  |  FRIDAY, 11 APR 2025
... thematics as its Gender Equity Index does: gender pay parity, anti-sexual harassment and workplace safety policies and practices; formal commitments to drive change in inclusivity and flexible workplace practices; promotion of women into leadership ...

Paying more fees doesn't speed up superannuation death benefit payouts

ANDREW MCKEAN  |  THURSDAY, 10 APR 2025
... according to research by Super Consumers Australia (SCA). In the wake of a review by ASIC into death benefit claims handling practices of superannuation trustees last month, which unearthed systemic failures that force Australians to "suffer the stress" ...

RBA flags 'policy changes' could derail super

ELIZA BAVIN  |  FRIDAY, 4 APR 2025
... disruptions. Continued strengthening of superannuation funds' governance and liquidity and operational risk management practices is therefore an area of ongoing focus of regulators."

WTL mergers three advice firms amid joint venture

KARREN VERGARA  |  FRIDAY, 4 APR 2025
WT Financial Group (WTL) is consolidating three financial advice practices - Titan Financial Planning, Darwin Financial Services and Wealth Connect Financial Services - after announcing its joint venture with Merchant Wealth Partners this week. The ...

APRA hits ANZ with $1bn capital penalty

ELIZA BAVIN  |  THURSDAY, 3 APR 2025
... Court Enforceable Undertaking (CEU) from ANZ to address ongoing weaknesses in the bank's non-financial risk management practices and risk culture. APRA also increased the capital add-on applied to ANZ from $750 million to $1 billion. This is now the ...

CSLR costs driven by poor advice: AFCA

ELIZA BAVIN  |  TUESDAY, 1 APR 2025
... Complaints Authority (AFCA) lead ombudsman, investments and advice Shail Singh has told financial advisers that poor practices are the main contributor to the soaring costs of the Compensation Scheme of Last Resort (CSLR). "It's important to remember ...