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| | | ... Australian financial service licence (AFSL) following its failure to comply with licensee obligation. ASIC revoked the AFSL of Next Generation Advice (in liquidation) (Next Gen) after the Queensland Supreme Court ordered the company be wound up on August ... |
| | | | ... calculated with the help of actuarial firm Finity, is expected to be lodged with parliament when it resumes sitting early next year. Some of the common themes of misconduct arising from the provision of personal financial advice the CSLR observes include ... |
| | | | ... from NAB, greater cost savings, embedding the new structure, and working on the FY26-30 strategy which is to be announced next month. |
| | | | The $3.5 trillion wealth transfer will be Australia's biggest economic event over the next 20 years, according to AMP Advice national lead Anjuum Siingh, who chaired a panel of financial advisers at the Financial Standard Retirement Income Forum today. ... |
| | | | ... reserves in instances such as these, despite the reserves being fully funded and the trustees being entitled to do so. From next July, super funds with more than $30 billion in funds under management (FUM) will need to target 0.20%, while those with ... |
| | | | ... CALI claims Australians will face a chain reaction of financial uncertainty over generations if DBFO isn't legislated by the next federal election. The first tranche of the bill passed the parliament in July. "Doing nothing won't just hurt today. It'll ... |
| | | | ... report, the IMF predicted Australia would be one of two advanced economies with headline inflation above 3% by the end of next year, along with Slovakia. Despite Australia's poor economic outlook, the IMF said global growth is expected to remain stable ... |
| | | | ... Magellan Asset Management launched the first two Vinva systematic equity funds, flagging a third fund to be made available next month. The launch follows the strategic partnership with Vinva in August, which includes becoming the distribution partner ... |
| | | | ... warranted." On October 30, APRA will publish RSE's expenditure data from FY23 and anticipates publishing the FY24 data early next year. This data will include detailed categories like administration, advice, member services, marketing, trustee board ... |
| | | | ... extremely pleasing result for the September quarter. "We are well placed for further growth with the launch of Spectrum, our next generation IDPS. Every service, and virtually every growth metric has improved from the previous quarter," Wamsteker said. ... |
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