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Showing 111 - 120 of 1015 results for "Representatives"

Super, fund manager ASX dominance launches inquiry

KARREN VERGARA  |  MONDAY, 2 AUG 2021
... big super's domination over the Australian sharemarket is stifling competition. This morning, the House of Representatives Standing Committee on Economics announced the launch of the Inquiry into the implications of common ownership on Australia's ...

Super, ASIC beneficiaries of advice challenges: Hearing

JAMIE WILLIAMSON  |  FRIDAY, 30 JUL 2021
... director Nathan Jacobsen, who explained how such changes had led to the licensee losing about 160 of its authorised representatives in FY21. Of those, 90% left the industry but only 30% retired, he said, adding that many were accountants offering SMSF ...

AFCA weeds out phony complaints

ELIZABETH MCARTHUR  |  FRIDAY, 30 JUL 2021
... the complaint, on the basis that it would be too expensive not to. And, he said this issue is compounded by paid representatives who put "unreasonable pressure" on AFCA members. Financial Standard previously reported on one such service, Remediator ...

Advice association shutters

ELIZABETH MCARTHUR  |  TUESDAY, 27 JUL 2021
... UFAA. The UFAA's main spokesperson was its chair, Alex Vagliviello. Financial Standard reached out to former representatives of the UFAA for this story but received no response.

ASIC prepares licensees for reference checks

KARREN VERGARA  |  WEDNESDAY, 21 JUL 2021
... recruiting licensees to undertake appropriate background checks beyond reference checking before authorising new representatives. "Licensees are subject to general conduct obligations which include taking steps to ensure that their representatives comply ...

ASIC releases grandfathered arrangement findings

KARREN VERGARA  |  FRIDAY, 16 JUL 2021
... January 2021 must be rebated by a product issuer to a product holder instead of being paid to an AFS licensee or its representatives. During the review period, 89 product issuers paid $760.5 million in GCR relating to 1273 products. But this amount reflects ...

Hostplus deal doesn't rule out a merger: Maritime

KANIKA SOOD  |  FRIDAY, 9 JUL 2021
... committee, Maritime Super provided some clarity into its partnership with Hostplus. In his appearance at the House of Representatives Standing Committee on E conomics yesterday Maritime Super chief executive Peter Robertson said its decision to invest ...

Dixon Advisory to pay $8.2m to settle ASIC action

KANIKA SOOD  |  FRIDAY, 9 JUL 2021
... the Corp orations Ac t on 53 occasions between 6 October 2015 and 31 May 2019 in personal advice provided by DAA representatives. EP1 will submit to improving its processes and filing with ASIC an independent review's report. ASIC has agreed to not ...

Aware questioned on bonuses

ELIZABETH MCARTHUR  |  THURSDAY, 8 JUL 2021
... industry fund Aware Super was grilled on the bonuses it pays executives and how it justifies them. The House of Representatives Standing Committee on Economics asked Aware chief executive Deeanne Stewart and chief investment officer Damien Graham what ...

Funds grilled despite record returns

ELIZABETH MCARTHUR  |  THURSDAY, 8 JUL 2021
AustralianSuper and Cbus faced an extremely hostile questioning from the House of Representatives Standing Committee on Economics, which at times devolved to committee members yelling over one another. AustralianSuper chief executive Ian Silk and Cbus ...