Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 701 - 710 of 5626 results for "CALL"

Life, funeral insurers cop $14m fine

KARREN VERGARA  |  WEDNESDAY, 5 JUL 2023
... 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 ...

Allegro unveils PwC entity as Scyne Advisory

CASSANDRA BALDINI  |  TUESDAY, 4 JUL 2023
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 ...

ART delivers 10% for members

KARREN VERGARA  |  TUESDAY, 4 JUL 2023
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, Value Partners group join forces

CHLOE WALKER  |  MONDAY, 3 JUL 2023
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 ...

Adviser levy tripled, labelled "deeply unfair"

JAMIE WILLIAMSON  |  THURSDAY, 29 JUN 2023
... 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 ...

Trustees must do better on account consolidation: ASIC

JAMIE WILLIAMSON  |  THURSDAY, 29 JUN 2023
... 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. ...

FSCP hands down second order, audits adviser

KARREN VERGARA  |  WEDNESDAY, 28 JUN 2023
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 ...

Anti-hawking laws could dampen super fund advice: Academic

KARREN VERGARA  |  TUESDAY, 27 JUN 2023
... 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 ...

CSLR finally passes senate

KARREN VERGARA  |  FRIDAY, 23 JUN 2023
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 appoints leaders for private credit division

CASSANDRA BALDINI  |  FRIDAY, 23 JUN 2023
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 ...