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| | | ... down," the judge said. The banking Royal Commission grilled Howden about the boiler room sales tactics he imposed on his call centre staff, incentivising them to sell at all costs to vulnerable customers, namely those living in remote areas and First ... |
| | | | Embattled PwC's Australian public sector advisory business will remerge as Scyne Advisory following its takeover from private equity firm Allegro Funds. Allegro funds confirmed the new business, which it acquired for $1, will be fully independent ... |
| | | | Despite the lull in the property and private equity sectors, Australian Retirement Trust (ART) handed in a 10% return for its balanced option following a bumper share market revival. The Super Savings Balanced, which most of the ART's 2.2 million ... |
| | | | Cromwell Property Group (Cromwell) and Hong Kong-based asset manager Value Partners Group have established a joint venture, exchanging on the sale of a 50% stake in the Cromwell Italy Urban Logistics Fund assets. The seven properties that make up the ... |
| | | | ... added that it is "deeply unfair to proceed to charge advisers using a model that is already acknowledged to need reform." "We call upon the government to urgently reconsider the removal of the freeze in light of the flaws in the model being used to calculate ... |
| | | | ... had multiple accounts, with the average payment expected to be about $650. The news prompted Super Consumers Australia to call on ASIC and APRA to do more to address the issue and be transparent about which funds are failing to look out for their members. ... |
| | | | The Financial Services and Credit Panel has ordered an audit of a financial adviser who carelessly recommended a client switch superannuation funds. Releasing its second determination since it launched, the FSCP said the unnamed adviser, only referred ... |
| | | | ... the current state of retirement income products. ASIC Regulatory Guide 38 The hawking prohibition states that a trustee can call a member "with information about different retirement income products, provided that the trustee does not make an offer ... |
| | | | The long-awaited Compensation Scheme of Last Resort (CSLR) has been enshrined in legislation, with consumer advocates calling it a "historic moment" for Australians. Passing the senate on June 22, the Treasury Laws Amendment (Financial Services Compensation ... |
| | | | Pengana Capital Group has named those who will lead its recently launched private credit business, appointing Nehemiah Richardson as managing director and chief executive and Charles Finkelstein as chief investment officer. Richardson and Finkelstein ... |
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