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Showing 11 - 20 of 55 results for "Practices for"

ASIC calls on AFS licensees to 'step up'

ELIZA BAVIN  |  TUESDAY, 24 JUN 2025
... Sheet 237 Protecting against share sale fraud includes examples of share sale fraud methods by bad actors and better practices for licensee prevention and detection. These include being alert to possible use of stock images, fakes, forgeries, and independently ...

APRA levy to cost $243m in FY26

KARREN VERGARA  |  FRIDAY, 28 MAR 2025
... meaningful changes in an RSE licensee's risk profile. APRA will continue its review of trustees' investment governance practices for platform products and address findings, as needed," Treasury said. Retirement outcomes, member outcomes, and expenditure ...

Morgans Financial crowned largest licensee

KARREN VERGARA  |  WEDNESDAY, 8 JAN 2025
... $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 ...

AMP completes advice licensees sale

KARREN VERGARA  |  MONDAY, 2 DEC 2024
... million for AMP's advice licensees and Jigsaw, while AZ NGA acquired AMP's minority stakes in 16 advice practices for $82.5 million. AMP will book an accounting loss on the sale of about $36 million due to separation and transition costs in its ...

Chalmers unveils new superannuation reforms

ELIZA BAVIN  |  WEDNESDAY, 20 NOV 2024
... retirement outcomes reporting framework will also commence in 2027. There will also be voluntary principles and best practices for retirement product design. "These principles will guide the superannuation industry in designing modern, high quality retirement ...

Fund manager splashes $240m on AZ NGA

KARREN VERGARA  |  TUESDAY, 1 OCT 2024
... services businesses to Entireti and AZ NGA for $10.2 million. AZ NGA is acquiring AMP's minority stakes in 16 practices for $82.2 million while several AMP staff will move over. "Azimut is committed to AZ NGA and the Australian market for the long-term. ...

AMP sells advice licensees to Entireti, AZ NGA

JAMIE WILLIAMSON  |  THURSDAY, 8 AUG 2024
... provisions "associated with known issues." At the same time, AZ NGA will acquire AMP's minority stakes in 16 practices for $82.2 million, marking AZ NGA's biggest transaction to date in Australia and its 19th this year. Several AMP staff will ...

Unlisted asset valuation practices under review

JAMIE WILLIAMSON  |  THURSDAY, 1 FEB 2024
... unlisted infrastructure is 41% and unlisted equity is the remaining 30%. "While the regulator has reviewed valuation practices for unlisted assets recently and found no red flags, what may have stirred renewed concern is investment industry surveys revealing ...

Banking sector fears propel family offices towards metals

CHLOE WALKER  |  FRIDAY, 4 AUG 2023
... increasing emphasis on ESG factors signals a broader industry recognition of the importance of responsible mining practices for a sustainable future. "As the global mining sector continues to evolve, stakeholders are driven not only by financial gains ...

Treasury to scrap advice admin burdens, boosts intra-fund advice

KARREN VERGARA  |  TUESDAY, 13 JUN 2023
... financial advisers (relevant providers)." Jones said trustees will be provided with legal clarity around current practices for the payment of adviser service fees (accepted in principle Recommendation 7). Further to making advice more accessible, Jones ...