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Showing 5211 - 5220 of 28260 results for "NOT"

Advice firm targets teen financial literacy

KARREN VERGARA  |  FRIDAY, 7 JAN 2022
... are aged 35-44. Financial advice regulator ASIC is going on the offensive and is currently looking at finfluencers who do not hold an AFS licence and meet educational requirements. It is also engaging with social media platforms and their moderators. ...

One million visits to YourSuper comparison tool

ELIZABETH MCARTHUR  |  FRIDAY, 7 JAN 2022
... financial interests of their members, and APRA is working hard to ensure they fulfil that obligation," Cole explained. "That's not a reason for members to sit back and avoid taking steps to act in their own best financial interests by ensuring they ...

Pandemic sees boom in voluntary super contributions

ELIZABETH MCARTHUR  |  THURSDAY, 6 JAN 2022
Despite the financial hardships many have endured because of global lockdowns during the COVID-19 pandemic, AMP has noted its super members have made more voluntary contributions than usual during the period. AMP reported that analysis of its approximately ...

Media Super apologises for major calculator error

JAMIE WILLIAMSON  |  THURSDAY, 6 JAN 2022
... purpose of the calculator is only to provide an estimate of your super account balance at the time of retirement and does not impact your actual account balance," Media Super told members. "Media Super apologises for both these errors." The fund added ...

Demand for retiree client book increases

KARREN VERGARA  |  SATURDAY, 1 JAN 2022
... years and approved loans up a similar level, upfront commission on the new loans has also risen, which is why loan books are not coming onto the market. Trail commission on the new loans and the up-front commissions are keeping sale stock low," he ad ...

WAM to acquire two LICs

KARREN VERGARA  |  THURSDAY, 23 DEC 2021
... WAM to merge under separate transactions. WAM is proposing to acquire 100% of the shares in Westoz and Ozgrowth that it does not currently own through a scheme of arrangement with each LIC. The transaction will cost WAM about $271.5 million to acquire ...

ASIC unveils details of FSCP operations

CHLOE WALKER  |  THURSDAY, 23 DEC 2021
... and enter into enforceable undertakings with advisers. ASIC can refer advisers to the FSCP if it believes that he or she is not a fit and proper person to provide advice or if the adviser becomes insolvent under administration. In addition, ASIC must ...

Federal Court fines Mayfair $30m

CHLOE WALKER  |  THURSDAY, 23 DEC 2021
James Mawhinney's Mayfair 101 Group has been ordered to pay a combined penalty of $30 million for misleading advertising. In handing down the decision, Justice Anderson said the increased penalties were appropriate, noting that those sought by ASIC ...

ASIC bans adviser for two years

CHLOE WALKER  |  WEDNESDAY, 22 DEC 2021
... appropriate for them. "ASIC found that Betalli failed to keep adequate records and gave non-compliant Statements of Advice (SoAs) by not including information about the basis of his advice," a statement released on Monday read. "ASIC considered these ...

Shoddy exam feedback fuels adviser stress

KARREN VERGARA  |  WEDNESDAY, 22 DEC 2021
... high as 88% to 69% and 60% in 2021. Advisers Financial Standard spoke to on the condition of anonymity said that they have not received the feedback FASEA has promised. At the start, FASEA provided no feedback to advisers who failed the exam whatsoever. ...