FID

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$7.34 fiducian group limited

FID General Discussion, page-2

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daicosisgod

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28/07/23

09:25

Post #: 69029944
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Originally posted by Hopeful9 ↑

As many 'HC' stocks have this, I thought I'd commence one for chat in between significant announcements.

From 'The Australian' Thursday 20 July 2023:

"A decision to allow big super funds to offer financial advice without the same educational and ethical qualifications required by existing advisers is set to mislead millions of consumers, a top lawyer says.
“I’m astounded by what’s proposed and I wonder have people actually read the details of what Minister Stephen Jones is preparing for super funds?” specialist financial services lawyer Fiona Halsey says.
Finance Minister Stephen Jones last month announced that big super funds – but not banks and insurers – would be allowed to widen their financial advice services.

He also indicated that large industry funds would get the green light to continue “collective charging”, whereby super fund members could be charged fees for financial advice services they might never use.
The government’s announcement was a clear win for industry funds which will get to retain more customers while reducing the clear risk that members who have accumulated wealth might leave and seek independent advice elsewhere.
But the outstanding feature of the new proposal – cherrypicked from Michelle Levy’s recent Quality of Advice Review (QAR) – is the status of big super funds as so-called “non-relevant” providers which means advisers in the funds effectively get a free pass when it comes to financial qualifications.

Halsey, who is a member of WA’s Law Society Courts Committee says: “If the government does not require the same high standards for a person to give advice within super funds, then hard won gains in this profession in recent year will be lost.”
The lack of consumer safeguards in the new plan has been a concern throughout the reform process. Earlier this year, actuary Michael Rice had warned the planned changes “would allow funds to offer comprehensive advice leading into retirement without any of the current restrictions”.
“Opening the market in the way proposed makes sense. However, the review is surprisingly weak on some consumer safeguards … The proposal does not differentiate between a simple piece of harmless advice and a complicated risky strategy,” he said at the time.
A recent upgrade of qualifications for mainstream financial advisers has caused turmoil across the industry, including a split among key lobby factions over the best way forward for the industry..."

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Will the recent run up in the Dow Jones Index, ASX200 index and the growth in the Indian economy have a positive impact on FUMA for Fiducian Funds?

This may be a positive sleeper heading into FY'24.

FID Price at posting: $6.20 Sentiment: Buy Disclosure: Held
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(20min delay)
Last $7.34		Change -0.160(2.13%)		Mkt cap ! $231.0M

Open	High	Low	Value	Volume
$7.43	$7.43	$7.34	$2.498K	338

Buyers (Bids)

No.	Vol.	Price($)
1	1986	$7.34

Sellers (Offers)

Price($)	Vol.	No.
$7.40	4725	1

View Market Depth

No.	Vol.	Price($)
1	1986	7.340
1	141	7.270
1	138	7.230
1	500	7.200
1	305	7.180

Price($)	Vol.	No.
7.400	4725	1
7.500	1667	1
7.580	2032	1
7.600	2500	1
7.640	2500	1

Last trade - 15.53pm 26/07/2024 (20 minute delay)

FID (ASX) Chart

FID General Discussion, page-2

Monadelphous inks $200M contract with Woodside to help build Pluto LNG – but will it make Scarborough cheaper?

ASX Market Open: ASX200 to rise for Friday session | July 26

Nine's staff strike as Paris Olympic coverage begins

MinRes jumps 5% as the company meets production guidance – depressed iron ore prices be damned

Horizon firms up ore reserve for Boorara ahead of FY25 Q1 development decision

Tissue Repairs soars nearly 32% on TGA approval for wound healing gel

Nova locks in NASDAQ US market listing at a value of only US$3.3M as ASX gets quieter and quieter

Red Hawk upgrades Blacksmith with DSO mineral resource at the Eagle Deposit

Capital raisings wrap: Brainchip, Ovanti, Lake and VHM

IGO kicks off earn-in copper drilling on-site Encounter's Yeneena play as it adopts new identity

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

FID General Discussion, page-2

Top Stories

Monadelphous inks $200M contract with Woodside to help build Pluto LNG – but will it make Scarborough cheaper?

ASX Market Open: ASX200 to rise for Friday session | July 26

Nine's staff strike as Paris Olympic coverage begins

MinRes jumps 5% as the company meets production guidance – depressed iron ore prices be damned

Horizon firms up ore reserve for Boorara ahead of FY25 Q1 development decision

Tissue Repairs soars nearly 32% on TGA approval for wound healing gel

Nova locks in NASDAQ US market listing at a value of only US$3.3M as ASX gets quieter and quieter

Red Hawk upgrades Blacksmith with DSO mineral resource at the Eagle Deposit

Capital raisings wrap: Brainchip, Ovanti, Lake and VHM

IGO kicks off earn-in copper drilling on-site Encounter's Yeneena play as it adopts new identity

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News