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Showing 311 - 320 of 2650 results for "Practices"

Fund manager splashes $240m on AZ NGA

KARREN VERGARA  |  TUESDAY, 1 OCT 2024
... support 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 ...

HESTA snags AMP head of compliance

MATTHEW WAI  |  TUESDAY, 1 OCT 2024
... to the fold. He joins in a role the organisation believes will be critical in enhancing its compliance framework and practices and reinforces its commitment to robust governance and member trust. He was most recently the head of risk and compliance across ...

Rapid growth in super sector poses risk to financial stability: RBA

ELIZA BAVIN  |  FRIDAY, 27 SEP 2024
... benchmarks and increased exposure to margin calls means the sector's investment decisions and liquidity risk management practices have "a greater potential than before to amplify shocks in the financial system". The RBA said for these reasons, the Australian ...

ATO revises advice fee tax deductibility rules

JAMIE WILLIAMSON  |  THURSDAY, 26 SEP 2024
... FAAA believes a significant portion of a typical advice fee will now be deductible for the clients of many advisers and practices, making advice more affordable for many.

ASX hunts new chief risk officer

MATTHEW WAI  |  TUESDAY, 24 SEP 2024
... supporting the group in navigating a period of significant change and progress, including continued uplift in risk management practices to meet evolving global standards." She said that Treleaven was especially instrumental in ensuring the ASX's operational ...

Lack of talent challenging DDO compliance

JAMIE WILLIAMSON  |  MONDAY, 23 SEP 2024
... issuers' compliance with the design and distribution obligations (DDO), calling for them to improve their distribution practices after identifying numerous shortcomings. Among other things, ASIC found many issuers have limited due diligence arrangements ...

ASIC sees case against Rest thrown out

ANDREW MCKEAN  |  THURSDAY, 19 SEP 2024
... transfer superannuation out of the fund, has been thrown out by the Federal Court. The case focused on Rest's past practices around rollover requests from 'Determination Members' - those whose employers were required to contribute to the ...

AMP BOLR litigants face lengthy payout process

KARREN VERGARA  |  TUESDAY, 17 SEP 2024
... reasonable result." In July 2023, the Federal Court determined that AMP's devaluation of AMP Financial Planning (AMPFP) practices from 4x to 2.5x recurring revenue was "unconscionable". AMP also changed the multiple for grandfathered commission revenue ...

HESTA lowers insurance fees

KARREN VERGARA  |  MONDAY, 16 SEP 2024
... increase from 5% to 7%, while global debt will rise from 17% to 19%. The Sustainable Growth option's "poor financial practices" exclusion will soon cease. This is when a listed company that receives a corporate behaviour score of less than one, in ...

Mercer awarded mandate for North's APS CoreSeries

MATTHEW WAI  |  FRIDAY, 13 SEP 2024
... customisation options for managed portfolios, with lower-balance investors to benefit the most. "We recognise that advice practices with smaller balances have not traditionally been able to access bespoke managed portfolio solutions and we wanted to ...