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Showing 1 - 10 of 309 results for "Merit"

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI  |  FRIDAY, 5 JUN 2026
... of advisers was -35 for the week. The drop was driven mostly with the closure of Count's restricted advice service, Merit Wealth, which operated under Count's Australian financial services licence (AFSL). As a result, Count no longer has restricted ...

We don't always vote in complainants' favour: AFCA

MATTHEW WAI  |  MONDAY, 1 JUN 2026
The Australian Financial Complaints Authority (AFCA) addressed a crowd of financial advisers at the MDS Self Licensing Summit 2026, busting the myth the ombudsman is always targeting them. Speaking at a discussion panel at last Thursday, AFCA senior ...

Feature: Private credit | The fine print

RIDDHIMA TALWANI  |  FRIDAY, 22 MAY 2026
... lends to - it all comes down to the risk versus the reward the fund is willing to take, with each deal assessed on its own merit. Lockhart agrees. He notes what tends to happen is investors get seduced by headline return targets that can be similar to ...

AFCA membership extended for Shield, First Guardian-linked firms

KARREN VERGARA  |  WEDNESDAY, 4 MAR 2026
The Australian Financial Complaints Authority (AFCA) has suspended expelling members in liquidation linked to the collapse of the Shield Master Fund and First Guardian Master Fund. This means United Global Capital (UGC) and Next Generation Advice, which ...

Life insurer sanctioned for invalid access to customer information

MATTHEW WAI  |  TUESDAY, 3 MAR 2026
The Life Insurance Code Compliance Committee (Life CCC) has sanctioned a life insurer for collecting customers' medical information without valid medical authority for four years. According to the committee, the unnamed insurer collected medical information ...

Natixis, Generali call off $3.2tn joint venture talks

RIDDHIMA TALWANI  |  TUESDAY, 16 DEC 2025
Natixis Investment Managers and Generali Investment Holdings (GIH) have decided to call off their plans for a joint venture, citing conditions not ripe to reach a final agreement. Natixis' owner BPCE and GIH's parent company Generali said they ...

Private and public markets almost interchangeable: Expert

MATTHEW WAI  |  FRIDAY, 5 SEP 2025
Private credit has traditionally been seen as an alternative during volatile events impacting listed investments, but that is changing, an expert says. Speaking at the JANA Annual Conference 2025, Shirley Luo, portfolio manager and director of opportunistic ...

InterPrac hit with $22m in AFCA complaints

KARREN VERGARA  |  FRIDAY, 8 AUG 2025
Sequoia Financial Group's InterPrac Financial Planning is facing $22 million worth of complaints lodged with the Australian Financial Complaints Authority (AFCA) for its advisers' role in the collapse of the Shield Master Fund and First Guardian ...

Employee shareholders officially file lawsuit against FNZ

KARREN VERGARA  |  THURSDAY, 31 JUL 2025
... lawsuit, a spokesperson for FNZ said: "FNZ notes the claim filed in New Zealand and considers it to be entirely without merit. We are confident that our directors have at all times acted in the best interests of the company, its clients, employees and ...

Private debt leads fixed income returns: Research

ELIZA BAVIN  |  WEDNESDAY, 23 JUL 2025
The Morningstar Fixed Income Sector Wrap found the fixed income sector has seen a robust 12 months across the board. Morningstar's qualitative research assessments currently cover 79 fixed-income strategies available to Australian investors. "It was ...
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