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Showing 321 - 330 of 2654 results for "Practices"

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 ...

Genetic test results to no longer hinder life cover

JAMIE WILLIAMSON  |  WEDNESDAY, 11 SEP 2024
... use of genetic test results in underwriting life insurance policies, looking to address concerns around discriminatory practices, underinsurance, and a growing aversion among Australians to seeking possibly life-saving genetic testing. In 2019, a moratorium ...

Aussie super funds climb ranks, government funds slide

JAMIE WILLIAMSON  |  TUESDAY, 10 SEP 2024
... top 300. "As fund scale and complexity in the investment landscape continues in the coming years, enhancing governance practices will become of increasing importance to funds looking to differentiate their performance," Boston-Clark said.

ASIC issues warning over shoddy DDO practices

JAMIE WILLIAMSON  |  TUESDAY, 10 SEP 2024
... design and distribution obligations (DDO) shows. The regulator is calling on product issuers to ensure their distribution practices are sound, as its latest round of surveillance found improvements are needed across the board when it comes to meeting ...

TradingHub makes Australian debut

MATTHEW WAI  |  TUESDAY, 10 SEP 2024
... growth in the APAC region and around the world, it said. There's been a string of incidents involving market manipulation practices in recent times, including the firing of ANZ staff over the treasury bond scandal and key members being charged from the ...

Federal Court approves AMP BOLR class action settlement

KARREN VERGARA  |  MONDAY, 9 SEP 2024
... approved the settlement amount AMP Financial Planning (AMPFP) must now pay financial advisers who saw the value of their practices deteriorate on the back of parent company AMP controversially changing its BOLR rules in 2020. A large chunk of the settlement ...

Financial Standard wins Impact Award

STAFF WRITER  |  FRIDAY, 6 SEP 2024
... was awarded Dealer Group of the Year. "We are fortunate to work alongside many outstanding partners, including advice practices, fund managers, and other financial services providers. It is truly rewarding to recognise these individuals and organisations ...