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Showing 311 - 320 of 2627 results for "Practices"

Misconduct cases soar at CBA

ELIZA BAVIN  |  WEDNESDAY, 14 AUG 2024
... investigation." CBA said it has spent around $236 million during the year ended June 30 in relation to its previously owned advice practices. "The group recognised an increase in the provision for aligned advice remediation issues and program costs for ...

APRA reprimands Cbus, BUSSQ over governance issues

ANDREW MCKEAN  |  WEDNESDAY, 14 AUG 2024
... retirement savings of nearly one million Australians, will also have independent expert scrutinise their expenditure practices, assessing whether they've consistently acted in the best financial interests of members. The spotlight on fitness and ...

Acquisitions boost WT Financial Group results

KARREN VERGARA  |  TUESDAY, 13 AUG 2024
... Millennium3 Financial Services from Insignia Financial, paying $2 million. Some 75 wealth and personal risk insurance practices joined WTL, adding about $5 billion to funds under advice (FUA). The WTL advice networks, which also comprises Wealth Today ...

CFMEU fallout stokes governance debate

ANDREW MCKEAN  |  MONDAY, 12 AUG 2024
... spokesperson told Financial Standard that it's a "highly regulated financial institution" with "robust governance practices" that meets its legislative obligations regarding the appointment and ongoing review of directors. "Our members can be reassured ...

AMP sells advice licensees to Entireti, AZ NGA

JAMIE WILLIAMSON  |  THURSDAY, 8 AUG 2024
... advice licensees and support services business to Entireti and AZ NGA and offload its minority stakes in 16 individual practices. It comes as the advice business reports a net loss of $15 million. Entireti, formerly Fortnum Private Wealth, and AZ NGA ...

Chief financial officer roles 'widely ambiguous': Research

ELIZA BAVIN  |  TUESDAY, 6 AUG 2024
... digital technologies to improve their accounting processes and data, they are able to improve their core accounting practices and provide information in a reliable and timely manner to support decisions. Through this process they are able to enhance ...

Mercer Super cops landmark $11.3m greenwashing penalty

KARREN VERGARA  |  FRIDAY, 2 AUG 2024
... importance on ESG considerations when making investment decisions. Any misrepresentations in relation to ESG policies or practices associated with financial products or services, whether as an aspect of "greenwashing" practices or otherwise, undermines ...

AMP Super trustee has additional licence conditions removed

ANDREW MCKEAN  |  FRIDAY, 2 AUG 2024
... were designed to deliver enhanced member outcomes by requiring AMP Super to make significant changes to its business practices. The areas identified for improvement included conflicts of interest management, governance and risk management practices ...

Adviser profits up despite client loss: Investment Trends

KARREN VERGARA  |  TUESDAY, 30 JUL 2024
... higher earnings and funds under advice (FUA). FUA has grown by 10% year on year to $69 million on average for the 1732 practices surveyed. A small group of advisers reported profit margins exceeding 40% for FY23. These best-in-class advisers attribute ...

JANA wins investment consulting mandate

ANDREW MCKEAN  |  WEDNESDAY, 24 JUL 2024
... consulting services, including tailored managed accounts and access to wholesale strategies for dealer groups, self-licensed practices, private wealth firms, and family offices.