Platinum board reaches unanimous verdict on Regal bid

The board of Platinum Asset Management has reached a “unanimous conclusion” regarding a proposal from Regal Partners to acquire the company.

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The 2 paths for licensees in implementing DBFO

With the Delivering Better Financial Outcomes legislation on the horizon next year, licensees need to decide whether they are going to take a hands-off approach or use it as an opportunity to pivot their business.

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NextGen victim receives CSLR payment after company’s liquidation

A victim of NextGen Financial Group has received a payment from the CSLR after the company’s liquidation, but the total falls short of their $270,000 unpaid AFCA determination.

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Aged care costs dominate older Aussies’ concerns

With six in 10 Australians aged over 50 concerned about paying for aged care, new research has underscored financial advice as a way to mitigate these worries.

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Reportable situations relief extended for 5 years

ASIC will extend the relief and requirements regarding reportable situations regime for another five years until October 2029, following a public consultation.

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ASIC secures penalty for Vanguard over greenwashing claims

Vanguard has been issued with a penalty by the Federal Court for making false and misleading statements about its ethically conscious fund.

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Future advisers calling: The importance of entry-level experience

A panel of commentators have emphasised working in a support or administrative role, such as in a call centre, need not be a step backwards and can provide valuable experience for future advice roles.

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FAAA says E&P delisting won’t prevent Dixon scrutiny

The FAAA’s Phil Anderson has said the delisting of E&P Financial Group won’t stop the company coming under scrutiny in the public inquiry.

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Linchpin’s Daly loses appeal against $150k penalty

A judge has dismissed an appeal by former Linchpin Capital Group director Peter Daly against a $150,000 penalty for breaching his duties as a officer.

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Magellan appoints co-manager for flagship fund

Magellan Financial Group has appointed a new co-manager on two of its global equity funds, including the flagship $8.3 billion Global Fund.

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