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Showing 381 - 390 of 8453 results for "Day"

Bain Capital bids for Insignia Financial

KARREN VERGARA  |  FRIDAY, 13 DEC 2024
Insignia Financial has confirmed it received a takeover bid from US private equity firm Bain Capital following months of speculation. Insignia confirmed to the ASX that Bain Capital lobbed a confidential, preliminary, non-binding, and indicative proposal ...

Permanent disablement claims for mental health explodes

ANDREW MCKEAN  |  THURSDAY, 5 DEC 2024
... between 2014 and 2022, compared to a $385 million or 200% increase for other physical causes of a claim. "At the end of the day, it's Australian taxpayers who'll be footing the bill if these trends continue as government safety nets and payments ...

Equity Trustees completes AET integration

ELIZA BAVIN  |  THURSDAY, 5 DEC 2024
... geographic spread, and leadership in more markets. "It has increased FUMAS, boosted revenue, and has been earnings accretive from day one," he said. AET was acquired from SFG Australia, a wholly owned subsidiary of Insignia in November 2022, and funded ...

More work to do on reportable situations compliance, ASIC says

JAMIE WILLIAMSON  |  WEDNESDAY, 4 DEC 2024
Licensees are generally slow to report to ASIC because of deficient internal processes and poor monitoring of compliance with the reportable situations regime, a review found. Recent surveillance by ASIC found financial services and credit licensees ...

Half of advice, super complaints result in no remedy

ELIZA BAVIN  |  WEDNESDAY, 4 DEC 2024
... year, financial firms reported 72,238 complaints relating to investments and advice and around 63% were resolved on the same day, three-quarters were resolved within four days, and almost all complaints (99%) were resolved within 46 days. More than $13 ...

Spatium partners to launch wholesale agricultural fund

MATTHEW WAI  |  WEDNESDAY, 4 DEC 2024
... risk. "IIF has pioneered access to one of the most crucial industries in the world. One that everyone depends on every single day, but due to material barriers to entry, the vast majority cannot participate in," he said. "Agricultural production is a ...

Firms treat CSLR as 'insurance policy': FAAA

KARREN VERGARA  |  MONDAY, 2 DEC 2024
... Wealth Management Companies to the Senate Economics References Committee, is expected to provide a report by the last sitting day of March 2025. The committee is currently reviewing the submissions, which were due on November 1. In an update on its progress ...

AI no silver bullet for advice process, documentation: Experts

KARREN VERGARA  |  FRIDAY, 29 NOV 2024
... Carter, who helps advisers with technology solutions. Carter told the Financial Advice Association Australia (FAAA) Congress on day two that advisers need "to be careful" with how AI is used. This includes all advice firm employees taking data and feeding ...

'New class of advisers' need clear-cut distinction: FAAA

KARREN VERGARA  |  THURSDAY, 28 NOV 2024
... (FAAA) warns in anticipation of the looming Delivering Better Financial Outcomes (DBFO) Tranche 2 reforms. Addressing the first day of the 2024 annual Congress, FAAA chief executive Sarah Abood proposed some ground rules around the advice NCAs should ...

HPI calls Hostplus, Charter Hall takeover 'cheap'

KARREN VERGARA  |  TUESDAY, 26 NOV 2024
Hostplus and Charter Hall have again extended their offer period to take over Hotel Property Investments (HPI), which pleaded with shareholders to reject the "cheap" and "half-empty" deal. HPI told shareholders that "$3.785 will be lucky to buy you ...