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Showing 241 - 250 of 3205 results for "Scheme"

ASIC cancels licence of Brite Advisors

ANDREW MCKEAN  |  MONDAY, 5 MAY 2025
... after the now-defunct investment and pension firm failed to compensate a client, triggering a payout under the Compensation Scheme of Last Resort (CSLR). The regulator cancelled Brite Advisors' licence on April 29, after the CSLR paid $21,888 to a client ...

Labor wins: What super, advice industries want

ELIZA BAVIN  |  MONDAY, 5 MAY 2025
... Prior to the election, the FAAA outlined five priority actions for the next government, including fixing the Compensation Scheme of Last Resort (CSLR), providing adviser access to the ATO portal, delivering effective DBFO reforms and implement a standardised ...

ASIC loses Block Earner case

KARREN VERGARA  |  WEDNESDAY, 23 APR 2025
... beforehand. This is despite a ruling in February of the same year stating that Earner was operating as a managed investment scheme without a licence. On 9 July 2024, Block Earner cross-appealed the Federal Court's decision that it needed an AFSL ...

Selfwealth shareholders resoundingly greenlight takeover proposal

ANDREW MCKEAN  |  WEDNESDAY, 23 APR 2025
... there is no certainty that Selfwealth will be able to increase its scale as an independent company," she said. "If the Scheme does not proceed, in the absence of a superior proposal, the Selfwealth share price is likely to drop significantly."

Spender criticises Labor's 'lack of urgency' on advice reforms

ELIZA BAVIN  |  THURSDAY, 17 APR 2025
... there had been more movement. "I've made my commitment in this space to create a sustainable and fair Compensation Scheme of Last Resort (CSLR), because I think that is really important," she said. "We have already been engaging with the Assistant ...

Insignia gives PE firms more time to devise deal

JAMIE WILLIAMSON  |  THURSDAY, 17 APR 2025
... bidders to finalise debt funding and associate due diligence, as well as giving them time to complete all aspects of the scheme implementation deed. On March 7, Insignia Financial confirmed it had received revised bids from both Bain and CC Capital ...

Coalition targets 'ambitious' goal of 30k advisers

ELIZA BAVIN  |  TUESDAY, 15 APR 2025
... "Financial advice reform has been an afterthought for the Albanese government and the botched rollout of the Compensation Scheme of Last Resort has been a costly disaster" Howarth said. "Successive governments have piled on layers of new regulation and ...

Taxes and housing dominate election race

ELIZA BAVIN  |  MONDAY, 14 APR 2025
... all first homebuyers, including those with a good income and savings in the bank, the purpose of the First Home Guarantee scheme is lost, and a functioning private market may be severely and irreversibly impacted," Hall said. "LMI insurers have played ...

Michael Dwyer joins impact fund board

ELIZABETH FRY  |  THURSDAY, 10 APR 2025
... start of the fund that co-invests in home loans of essential workers like teachers, nurses and police. The shared equity scheme co-invests up to 50 per cent of a mortgage so they can live close to work. Dwyer has more than 30 years of experience in the ...

PM Capital hits back at Platinum after offer rejected

ELIZA BAVIN  |  TUESDAY, 8 APR 2025
... shareholders would receive a greater indicative value per share and premium under its own proposal versus the Platinum scheme's, and that PGF has delivered a significantly better investment performance (19% over three years), compared to PMC (4.8%) and ...