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Showing 421 - 430 of 4023 results for "Personal"

Acquisitions boost WT Financial Group results

KARREN VERGARA  |  TUESDAY, 13 AUG 2024
... finalised its acquisition of 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 ...

AFCA urges super trustees to improve processes

ELIZA BAVIN  |  TUESDAY, 13 AUG 2024
... through scams and other fraud. Gray said AFCA was aware of an instance where a person known to the member used their personal information to take money, while in other cases a third party had acquired their identification details in another way. "Sometimes ...

Australia's safety nets 'stretched too thin': CALI

MATTHEW WAI  |  MONDAY, 12 AUG 2024
... important. The inaugural State of Australia's Safety Net report investigates the link between life insurance and the personal and financial wellbeing of some 5000 Australian workers. The report finds that younger workers (aged 18-34 years) are facing ...

ASIC intends to extend legislative instruments

MATTHEW WAI  |  FRIDAY, 9 AUG 2024
... instruments are: Class Order [CO 14/923] Record-keeping obligations for Australian financial services licensees when giving personal advice ; ASIC Corporations and Credit (Breach Reporting-Reportable Situations) Instrument 2021/716 ; and ASIC Credit ...

AMP Super trustee has additional licence conditions removed

ANDREW MCKEAN  |  FRIDAY, 2 AUG 2024
... outstanding matters raised by the Financial Services Royal Commission. N.M. Super, which controls the AMP Super Fund and Wealth Personal Superannuation and Pension Fund, which collectively manage approximately $114 billion in assets, was initially issued ...

AFCA complaints surge in FY24

KARREN VERGARA  |  THURSDAY, 1 AUG 2024
... for trustees to act so we don't experience the sorts of issues seen elsewhere," AFCA chief ombudsman David Locke said. Personal transaction accounts were the most complained about products at 16,365, up 19% year on year. Credit cards registered 11,841 ...

Russell Investments default option returns up to 12.3%

ANDREW MCKEAN  |  THURSDAY, 1 AUG 2024
... estimated to be 0.2% per annum. "We continue to focus on achieving the best possible return for our members to reach their personal goals and financial security in retirement," Choo said. Russell Investments manages the investments of iQ Super - for ...

Court rejects former fund manager's appeal

KARREN VERGARA  |  WEDNESDAY, 31 JUL 2024
... Trading Fund between March 2013 and April 2014. Munro took nearly $300,000 from three investors and used it to pay for personal expenses, make cash withdrawals and payments to other investors, as well as transfer funds into a trading account held in ...

Adviser profits up despite client loss: Investment Trends

KARREN VERGARA  |  TUESDAY, 30 JUL 2024
Financial advisers may have lost nearly 18% of their client books because of fee increases in the last financial year but are reporting higher profit margins, a new Investment Trends analysis shows. Advisers went from servicing 120 clients on average ...

Trend among young Aussies highlights need for affordable advice

ELIZA BAVIN  |  MONDAY, 29 JUL 2024
... "Most scams begin through interactions over platforms like Reddit, TikTok, and X (formerly Twitter). Young people's personal trust in social media advice, combined with an increased likelihood to seek advice over social media, makes them particularly ...