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Showing 351 - 360 of 1892 results for "Determine"

Experience pathway enshrined in legislation

KARREN VERGARA  |  FRIDAY, 8 SEP 2023
The highly anticipated legislation that recognises veteran financial advisers as professionals and exempts them from undertaking further qualifications has passed both houses of parliament. The Labor government passed Treasury Laws Amendment (2023 Measures ...

ASIC cracks down on CFDs, OTC derivatives

KARREN VERGARA  |  WEDNESDAY, 6 SEP 2023
... issuers rely too heavily on client questionnaires, some of which had "serious flaws", as the distribution filter and to determine if investors fall within the target market. Issuers also engage in mass marketing of OTC derivatives to a broad consumer ...

K2 told to freeze distribution of fund

JAMIE WILLIAMSON  |  MONDAY, 4 SEP 2023
ASIC placed an interim stop order on a residential property fund promoted by K2 Asset Management due to issues with its target market determination (TMD). K2 Asset Management cannot distribute the Storehouse Residential Trust or any information about ...

Unlisted asset valuation flaws complicate comparison

ANDREW MCKEAN  |  TUESDAY, 29 AUG 2023
Inherent flaws in unlisted asset valuations complicates the transparency of performance comparisons for superannuation fund members. Australian Retirement Trust chief investment officer Ian Patrick told the AIST Superannuation Investment Conference ...

HUB24 profits surge 64%

CHLOE WALKER  |  TUESDAY, 22 AUG 2023
HUB24 has reported underlying net profits under tax of $58.8 million, up 64% from the year prior, and a 15% increase in the number of advisers on its books. Reporting to the ASX today, the platform has also had an underlying group EBITDA of $102.4 million ...

Platform comparison fintech launches

KARREN VERGARA  |  TUESDAY, 22 AUG 2023
... by looing looks at clients' needs and values that goes beyond fees," he said. The first step for an adviser is to determine a client's needs and input this information in the application. "As an example, an adviser has a retiree client who is ...

AMP settles class action for $110m

KARREN VERGARA  |  MONDAY, 21 AUG 2023
... determined". These relate to superannuation, and commissions for advice and insurance. "Currently, it is not possible to determine the ultimate impact of these claims, if any, upon AMP and so they also continue to remain contingent," AMP said.

Equity Trustees to exit UK, Ireland

ANDREW MCKEAN  |  TUESDAY, 15 AUG 2023
... the UK and Ireland. Equity Trustees managing director Mick O'Brien said: "We are advanced in assessing options to determine the best exit from our investment and we're in discussions with various parties to facilitate this process." Equity Trustees ...

Veteran adviser cops permanent ban

KARREN VERGARA  |  TUESDAY, 15 AUG 2023
ASIC permanently banned a financial adviser who has been advising for 34 years after an investigation found, among other violations, that he misappropriated funds and dealt in derivatives without the proper authorisations. Donald James Cuthbertson ...

FSCP issues slap on the wrist to adviser

KARREN VERGARA  |  FRIDAY, 11 AUG 2023
The Financial Services and Credit Panel reprimanded a financial adviser who inadequately assessed the consequences of rolling over superannuation and life insurance cover, labelled the panel's least serious disciplinary action yet. Keeping the adviser's ...