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Showing 541 - 550 of 7601 results for "Know"

AMP completes advice licensees sale

KARREN VERGARA  |  MONDAY, 2 DEC 2024
AMP has finalised its divestment of three licensees and support service business to Entireti and AZ NGA as the new owners unveil a revamped leadership team. Some 950 advisers across AMP Financial Planning, Hillross, and Charter Financial Planning now ...

Objective of super enshrined in law

JAMIE WILLIAMSON  |  FRIDAY, 29 NOV 2024
... Reinforcing this, Association of Superannuation Funds of Australia chief executive Mary Delahunty said: "Australians need to know their superannuation is safe from the winds of political change." "This legislation sends a strong signal that the system ...

'But for' compensation methodology unfair: FAAA

KARREN VERGARA  |  FRIDAY, 29 NOV 2024
... likely pay, while the top 10 major companies will have to fork out $240 million. "If that doesn't outrage you, I don't know what will," she said. Abood believes forcing advisers to foot an ever-growing levy will drive them out of the profession ...

AI no silver bullet for advice process, documentation: Experts

KARREN VERGARA  |  FRIDAY, 29 NOV 2024
... data and feeding it into apps like ChatGPT - particularly the free version. "You've got to be aware that we don't know where that data is always going," he said. Carter said that more than 80% of financial advisers use Microsoft 365, which has ...

Swan hits back at Bragg: 'That's wrong of you'

ELIZA BAVIN  |  FRIDAY, 29 NOV 2024
Cbus chair Wayne Swan faced the Senate Economics Committee today to answer questions around the super fund's claim handling delays, governance and payments made to the CFMEU. Cbus is facing legal action from the Australian Securities and Investments ...

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

KARREN VERGARA  |  THURSDAY, 28 NOV 2024
... The education required for NCAs will be commensurate with the areas of advice that they're offering," she said. "As we know, even simple advice is not really that simple, and it's vital that people advising consumers have the knowledge required ...

Macquarie fined $25m over 400 fake trades

MATTHEW WAI  |  WEDNESDAY, 27 NOV 2024
The UK's Financial Conduct Authority (FCA) has fined Macquarie Bank's London Branch (MBL) $25 million (£13m) for enabling one of its employees to record over 400 fictitious trades over a 20-month period. The fictitious trades also cost MBL an estimated ...

Can technology help advisers service the masses?

KARREN VERGARA  |  TUESDAY, 26 NOV 2024
... specialising must reckon with how to leverage technology to make this possible amidst the influx of wealth Australians do not know how to plan for, according to industry experts. A panel of experts from different branches of financial advice at the intelliflo ...

$3m super tax faces uncertain future

ELIZA BAVIN  |  TUESDAY, 26 NOV 2024
... Burgess said. "This is consistent with our own observations and discussions with members of the Senate cross bench who we know are very concerned about the many unintended consequences of taxing unrealised capital gains and the dangerous precedent this ...

Former Western AM investment chief charged for 'cherry-picking'

MATTHEW WAI  |  TUESDAY, 26 NOV 2024
The Securities and Exchange Commission (SEC) has charged former Western Asset co-chief investment officer Ken Leech for "engaging in a multi-year scheme to allocate favourable trades to certain portfolios." The SEC alleges Leech engaged in the conduct ...