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| | | ... led to large compensation payouts, according to the Australian Financial Complaints Authority (AFCA). AFCA's latest update details the systemic issues that plague financial services firms but does not name the organisations in its report. One unnamed ... |
| | | | ASIC is making changes to its reportable situations regime, which includes extending the reporting deadline for some breaches. Licensees will now have 90 days to submit a reportable situation instead of 30 days in situations that have "underlying circumstances ... |
| | | | ... to help them achieve their clients' investment objectives." Today, Netwealth also disclosed its quarterly business update to the ASX, revealing a large increase in funds under administration (FUA) from $1.7 billion for the September quarter, despite ... |
| | | | ... from 22.6% (9 November 2022) to 12% (17 August 2023). While Magellan managing director David George said in a September update that he is pleased that the discount has narrowed, he added that "there is more that can be done." This includes driving value ... |
| | | | ... take into consideration factors like the registration deadline and the interest earned on the settlement amount. In an update, Maurice Blackburn is urging AMP shareholders who have not registered to be part of the lawsuit, which reached an in-principle ... |
| | | | The West Australian scheme is now offering members a dedicated ESG option, managed by Pendal. The Sustainable Balanced investment plan was made available to members of GESB Super, West State Super and Retirement Income Allocated Pension members on September ... |
| | | | ... as a result will be merged in the first half of 2024." All members will sit within the CBA Group Super Plan in ART, the update notes. For those members that don't wish to join ART, they will have until October 25 to transfer their retirement savings ... |
| | | | ... 2022, Insignia slashed 30 adviser roles because of integrating MLC Advice and Bridges. "As reported in our recent market update last month - during the year, Insignia Financial undertook deliberate and decisive steps as it continues to refine and realign ... |
| | | | APRA is updating Prudential Standard 'Strategic Planning and Member Outcomes' (SPS 515) to enhance member outcomes in superannuation, including requiring trustees to justify business-related expenses. The regulator's changes seek to align expenditure ... |
| | | | MLC Life Insurance has introduced several discount changes that can save new and existing retail customers up to 50% across various products. For financial advisers and new clients, MLC Life has applied a range of discounts across different products ... |
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