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Showing 81 - 90 of 305 results for "Consent"

Former adviser jailed for six years

JAMIE WILLIAMSON  |  WEDNESDAY, 26 APR 2023
... advice practice Refocus Financial Group. During that time, Gordon withdrew funds from clients' SMSF accounts without their consent, and also from accounts held with Diverse Capital Management that were home to deposits from those same clients. Gordon ...

QAR does not "trash" FoFA: Anderson

CASSANDRA BALDINI  |  TUESDAY, 7 MAR 2023
... recommendations that are more complex." Turning to "quick wins", Anderson outlined the removal of FDS and rationalisation of fee consent to be a top priority. "What we all know is that the cost and complexity of FDS was seriously underestimated at the ...

Netwealth reports significant growth

ANDREW MCKEAN  |  WEDNESDAY, 15 FEB 2023
Netwealth has reached $62.4 billion funds under administration (FUA) and posted record earnings in its H1 FY23 results. Netwealth's FUA grew 10.2% to the prior corresponding period (pcp). The company's underlying EBTIDTA, excluding non-cash share-based ...

Treasury releases Quality of Advice Review final report

CASSANDRA BALDINI, JAMIE WILLIAMSON  |  WEDNESDAY, 8 FEB 2023
... complaints to the product issuer," the report reads. The current ongoing fee arrangements will be replaced by a single consent form. Providers should still be required to obtain their client's consent on an annual basis to renew an ongoing arrangement ...

Netwealth rolls out platform enhancements

CASSANDRA BALDINI  |  FRIDAY, 3 FEB 2023
Netwealth has advanced its client account notification and task-tracking tool available on its platform. The upgrade and release of "Activities" will allow advisers and clients to track and respond to tasks, such as corporate actions and account notifications ...

Regulation should be balanced: Levy

ANDREW MCKEAN  |  WEDNESDAY, 1 FEB 2023
... reducing the steps in the safe harbour or reducing some of the content requirements for statements of advice, removing annual consent requirements for ongoing fee arrangements, or expanding special exemptions. "But none of these changes would make good ...

Perpetual, Pendal finalise merger

CASSANDRA BALDINI  |  MONDAY, 23 JAN 2023
... leadership in ESG and realising $60 million in expected run-rate pre-tax expense synergies," he said. Adams added the client consent process has proven to be "very successful" with Pendal achieving consents from over 98% of Pendal clients, by client ...

Adviser imprisoned for super fraud

CHLOE WALKER  |  THURSDAY, 15 DEC 2022
... hardship applications to the superannuation funds. These applications were made in the members' names, without their specific consent and contained Goel's own or associates' bank account details as the payment destination. Goel also provided false contact ...

Amber Infrastructure buys up NZ assets

CASSANDRA BALDINI  |  MONDAY, 12 DEC 2022
Amber Infrastructure Group (Amber) has agreed to acquire five New Zealand infrastructure assets from Morrison & Co for approximately NZ$200 million. The five assets from Morrison & Co's Public Infrastructure Partners portfolio (PIP) will be 100% owned ...

No big surprises, Levy promises

CASSANDRA BALDINI  |  WEDNESDAY, 23 NOV 2022
... that [retaining them] is better than not," she said. "And so, one of my proposals is a slight adjustment that there be consent for the payment of a commission, the receipt of the commission, that is a change in the law at the moment. The law at the moment ...