Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 251 - 260 of 2626 results for "Practices"

Super admin providers face reckoning in 2025: Finura

KARREN VERGARA  |  MONDAY, 20 JAN 2025
... modernise their technology infrastructure and member services (including advice). A perfect storm of poor procurement practices and relentless fee squeezing has made superannuation administration a horrible business to be in," Finura warned. Finura joint-managing ...

SEC fines private equity firms for recordkeeping failures

KARREN VERGARA  |  TUESDAY, 14 JAN 2025
... accurate securities trading information, known as blue sheet data, to the SEC, as well as comply with short selling practices.

Major climate group suspends operations

ROSE MARY PETRASS  |  TUESDAY, 14 JAN 2025
... a statement. In a letter to clients last week, BlackRock said its membership "caused confusion regarding BlackRock's practices and subjected us to legal inquiries from various public officials". In November 2024, the firm was named in a Texas lawsuit ...

Morgans Financial crowned largest licensee

KARREN VERGARA  |  WEDNESDAY, 8 JAN 2025
... paid $10.2 million for AMP's advice licensees and Jigsaw. AZ NGA acquired AMP's minority stakes in 16 advice practices for $82.5 million. AMP retains a 30% in the advice businesses. In closing out 2024, the total adviser population remained stable ...

PE firm acquires Mason Stevens

KARREN VERGARA  |  THURSDAY, 19 DEC 2024
... alignment, Adamantem's investment will allow Mason Stevens to further develop innovative solutions for advisers and wealth practices to deliver sophisticated investment offerings to their end-clients," Yule said. Adamantem managing director Georgina ...

Trustee valuation processes 'concerning': APRA review

JAMIE WILLIAMSON  |  TUESDAY, 17 DEC 2024
Many superannuation trustees have been told they must improve their valuation governance practices, with APRA finding just 11 have dedicated valuation committees while others involve staff members whose remuneration is tied to asset values in the process. ...

Oaktree completes $240m AZ NGA deal

MATTHEW WAI  |  TUESDAY, 17 DEC 2024
... record in the space. "AZ NGA has successfully enabled business owners and their clients to simultaneously grow their practices while effectively managing ownership succession, which is critical for the natural evolution of quality businesses," Beath ...

Engage Financial launches practice management firm

ELIZA BAVIN  |  WEDNESDAY, 11 DEC 2024
... formerly the chief executive of Profile Financial Services, has an extensive background working with advice and accounting practices, Engage Financial said. Blake, who also serves as executive director of Engage Financial Solutions' offshore Sri Lankan ...

More work to do on reportable situations compliance, ASIC says

JAMIE WILLIAMSON  |  WEDNESDAY, 4 DEC 2024
... didn't have a definition at all. Some licensees set high minimum thresholds around financial or other impacts. All these practices reduced licensees' ability to identify incidents," ASIC said. It added that all licensees placed responsibility on staff ...

Trustees, advisers have 'insufficient focus' on performance

ELIZA BAVIN  |  WEDNESDAY, 4 DEC 2024
... superannuation choice products and their focus on performance. Kirkland added that ASIC has a focus on examining the practices and decision-making processes in relation to investment options and products that "persistently failed to perform as anticipated". ...