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Showing 281 - 290 of 3204 results for "Scheme"

FSCP orders adviser to undertake further education

KARREN VERGARA  |  WEDNESDAY, 5 FEB 2025
... about $15,000. "The breach occurred because the relevant provider failed to take into account the client's defined benefit scheme even though income the client received from the scheme was referred to on several occasions in the Statement of Advice," ...

Insignia Financial receives bid from Brookfield

ELIZA BAVIN  |  WEDNESDAY, 5 FEB 2025
... Bain Capital vying for ownership. Brookfield has made an offer to acquire all the shares in Insignia Financial by way of a scheme of arrangement for $4.60 cash per share or the potential alternative to acquire scrip in Brookfield's unlisted bid vehicle. ...

CSLR review will scrutinise effect on businesses

KARREN VERGARA  |  MONDAY, 3 FEB 2025
The Compensation Scheme of Last Resort's (CSLR) funding model and how this impacts the businesses that support its operation will be centrepieces in Treasury's review. Treasury will also investigate how the CSLR is delivering on its intended ...

Syfe bids for SelfWealth, ups BFG's offer

KARREN VERGARA  |  MONDAY, 3 FEB 2025
... SelfWealth shareholders vote in favour of the Bell offer, in the absence of a superior proposal (as defined in the Bell scheme implementation deed) and subject to an independent expert concluding (and continuing to conclude) that the Bell offer is in ...

Jones instigates CSLR review, levy hits $70m

KARREN VERGARA  |  FRIDAY, 31 JAN 2025
As new estimates show that financial advisers will have to fork out $70 million to fund the Compensation Scheme of Last Resort (CSLR) for the next financial year - breaching the $20 million cap - Treasury is now calling for a review of the controversial ...

The regulatory pendulum has swung too far: FSC

ANDREW MCKEAN  |  FRIDAY, 31 JAN 2025
... Investment Review Board processes for low-risk investments into Australia and reviewing and simplifying the Compensation Scheme of Last Resort (CSLR). A review of the CSLR was announced today. "The fact is the growing cost of the CSLR makes the profession ...

Rest calls for advice reforms, extending SG

ELIZA BAVIN  |  FRIDAY, 31 JAN 2025
... consumer protection for members." Doyle added that, with super contributions set to be included on the Parental Leave Pay scheme from July 2025, it is important that the government consider ways to help others engaged in unpaid caring work reach fairer ...

Canadian pension fund names new CIO

ELIZABETH FRY  |  THURSDAY, 30 JAN 2025
... working with entrepreneurs, and managing a diversity of stakeholders" make him well-positioned "to lead CGF." The pension scheme returned 7.2% for the 2024 fiscal year. Its five and ten-year net annualised returns were 7.95% and 8.3%, respectively.

Netwealth, Praemium see inflows soar

ELIZA BAVIN  |  THURSDAY, 23 JAN 2025
... pipeline, and further improvement across most growth metrics from the previous quarter," Wamsteker said. "The Praemium SMA scheme has traditionally been our cornerstone products and highest revenue margin service. It achieved quarterly net inflows of ...

Government must commit to fixing CSLR: FAAA

MATTHEW WAI  |  THURSDAY, 23 JAN 2025
... general manager of policy, advocacy, and standards Phil Anderson is again calling on the government to fix the Compensation Scheme of Last Resort (CSLR). Th FAAA has previously highlighted three critical faults of the CSLR, including the scheme being ...