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Showing 3021 - 3030 of 10367 results for "Trust"

Dealer group GM exits

JAMIE WILLIAMSON  |  THURSDAY, 18 MAR 2021
... LinkedIn post, Kriss thanked IOOF and Bridges for what he described as an "immensely rewarding" 19-year tenure. "Importantly, I trust my Bridges tenure has been a mutually rewarding one. I have enjoyed playing a role growing our respective practices ...

eToro combines with SPAC, plans to list

ELIZABETH MCARTHUR  |  WEDNESDAY, 17 MAR 2021
... value for eToro of approximately $9.6 billion. The transaction includes $250 million in gross proceeds from FTCV's cash in trust (assuming no redemptions) and $650 million in gross proceeds from a fully committed private placement in public equity at ...

Admin fees could balloon from BFID

KARREN VERGARA  |  TUESDAY, 16 MAR 2021
The new best financial interests duty (BFID) could see members pay higher administration fees as the record-keeping obligations ramp up, superannuation funds and industry experts warn. The reforms, which are part of the Your Future Your Super legislation ...

ASIC bans adviser over dodgy super consolidation

ELIZABETH MCARTHUR  |  MONDAY, 15 MAR 2021
ASIC has permanently banned a Melbourne financial adviser for allegedly pressuring people into consolidating their superannuation for a fee. Nizi Bhandari has been banned from providing financial services permanently. He was an authorised representative ...

ATO warns of new SMSF scheme

ELIZA BAVIN  |  MONDAY, 15 MAR 2021
The Australian Taxation Office (ATO) has warned SMSF trustees of a new scheme it has uncovered that aims to avoid paying potential tax liabilities. The ATO said while it is important to plan for retirement and look for ways to maximise retirement assets ...

Global net zero framework launched

JAMIE WILLIAMSON  |  FRIDAY, 12 MAR 2021
The Institutional Investors Group on Climate Change has launched the Net Zero Investment Framework, providing institutional investors with a guide to implementing a net-zero investment strategy. Building on the IIGCC's existing body of work, the framework ...

REITs extend performance struggles

KARREN VERGARA  |  FRIDAY, 12 MAR 2021
Australia's listed property sector continues to languish from the effects of the global pandemic, slumping 14% compared to its pre-COVID-19 performance. Rainmaker's Wholesale Managed Funds Performance Report found that equities delivered a mixed ...

GROW Super rebrands

KARREN VERGARA  |  THURSDAY, 11 MAR 2021
GROW Super has rebranded to GROW Inc in a bid to diversify away from its superannuation offering. GROW Inc offers business and data intelligence software to growing companies, underpinned by distributed ledger technology. GROW, for example, integrates ...

Remediation services profiting from Royal Commission failures

ELIZABETH MCARTHUR  |  THURSDAY, 11 MAR 2021
Services are popping up to assist consumers in getting refunds for fee for no service financial advice, junk insurance and other misconduct exposed by the Royal Commission - but they are doing it for a fee. Remediator is one such service, launching ...

Court makes orders in ASIC versus TAL

KANIKA SOOD  |  WEDNESDAY, 10 MAR 2021
... long-standing core principle in the relationship insurers have with their policyholders. It fundamentally underpins the trust which consumers place in their insurers." Chief Justice Allsop found TAL, on receiving the claim, did not tell the policyholder ...