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| | | The financial services company has acquired a 35% equity interest in financial planning practice McGregor Wealth Management (MWM). The purchase was made through Diverger Wealth Holdings. McGregor is licensed by GPS Wealth, which is also a wholly-owned ... |
| | | | Nominations have opened for the FS Power50, Financial Standard 's annual list of the 50 most influential financial advisers in Australia. Now in its ninth year running, the FS Power50 guide is a premium reference to the trailblazers and game-changers ... |
| | | | The long-awaited Retirement Income Covenant comes into effect tomorrow and, with super funds unable to consider members' personal circumstances, there's a view that its introduction could significantly impact the financial advice sector - but ... |
| | | | Australian neobank Volt, the first of its kind to receive a full banking licence from APRA, is closing its doors and urging customers to withdraw all funds from accounts before July 5. In a statement, Volt said the decision was made by the board after ... |
| | | | MLC Life Insurance has made improvements to its Income Assure and Income Assure+ products following adviser feedback. As a response to cost-of-living pressures, MLC has afforded customers the option to 'inflation proof' their cover to ensure ... |
| | | | A former financial adviser has been charged with seven counts of alleged falsification of company books following an ASIC investigation. ASIC alleged that between February 2010 and December 2018, Tai Thanh Nguyen of Interprac Financial Planning falsified ... |
| | | | ASIC has obtained urgent interim orders from the Federal Court to freeze the assets of Ashley Vincent Arandez and four companies of which he is a director. The regulator sought these orders on an urgent, ex parte, basis because it is concerned Arandez ... |
| | | | AMP has called for the federal government to review life insurance model fees and caps placed on financial advisers, warning the current climate will lead to an underinsured population. The wealth manager picked at old wounds in its submission to the ... |
| | | | Diverger's bid for Centrepoint Alliance does not reflect the company's strategic value, the latter's board has determined. Diverger handed Centrepoint a non-binding indicative offer last Thursday, offering about $65 million for 100% of the company's ... |
| | | | With a 20% interest already under its belt, Diverger is looking to acquire 100% of Centrepoint Alliance. Yesterday, the listed advice group entered a call option deed with TIGA Trading and Thorney Holdings in respect of 19.99% of Centrepoint. This was ... |
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