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Showing 991 - 1000 of 5911 results for "March 7"

Active managers lead new ETF issuers

ANNABELLE DICKSON  |  MONDAY, 12 JUL 2021
Actively managed exchange traded funds (ETFs) are on a steady rise, with all the new issuers entering the market launching active products, new data shows. The BetaShares Australian Exchange Traded Fund Industry: Half Year Review 2021 report showed ...

Dixon Advisory to pay $8.2m to settle ASIC action

KANIKA SOOD  |  FRIDAY, 9 JUL 2021
ASIC will drop its September 4 Federal Court case against Evans & Dixon's financial advice arm for $8.2 million and declaration of 53 contraventions. Dixon Advisory and Superannuation Services (DASS) will pay $7.2 million in penalty and $1 million ...

Advice engagement jumps during COVID-19

KARREN VERGARA  |  FRIDAY, 9 JUL 2021
A new study finds that the coronavirus pandemic has raised awareness about the importance of financial advice and prompted more Australians to engage with their adviser. A study by ASX-listed firm ClearView shows that demand for financial advice is ...

FASEA scraps three-month rule

KARREN VERGARA  |  FRIDAY, 9 JUL 2021
The Financial Adviser Standards and Ethics Authority is introducing a relief that will allow financial advisers to sit the November examination regardless of their last sitting. FASEA is proposing to relax the three-month registration requirement in ...

Outflows at Magellan

KANIKA SOOD  |  THURSDAY, 8 JUL 2021
Magellan Financial Group reported $351 million in net outflows in the June quarter. This included $260 million in net retail outflows and $91 million in net institutional outflows. Magellan ended the June quarter with $113.9 billion in total FUM, up ...

Netwealth FUA, inflows rise

ANNABELLE DICKSON  |  THURSDAY, 8 JUL 2021
Netwealth ended the June quarter with a 12% increase in funds under administration (FUA) and a 102% increase in inflows. The platform recorded $47.1 billion in FUA, up from $41.8 billion in March and a 49.6% increase to the previous corresponding period. ...

FASEA maintains low pass rate

ANNABELLE DICKSON  |  TUESDAY, 6 JUL 2021
The Financial Adviser Standards and Ethics Authority (FASEA) exam held in May recorded another low pass rate, continuing the trend of previous exams. Of the 1894 advisers that sat the exam, 69% passed. This is in line with the March results which also ...

Former AFA chief in new role

KARREN VERGARA  |  TUESDAY, 6 JUL 2021
The former chief executive of the Association of Financial Advisers announced his next move, which involves leading another industry body. Phil Kewin will become the president of the National Insurance Brokers Association (NIBA) from August 16. Kewin ...

Vision Super appoints new chair

ELIZABETH MCARTHUR  |  TUESDAY, 6 JUL 2021
The $12.2 billion industry super fund Vision Super has appointed its first female chair. Lisa Darmanin stepped into the role at the start of the new financial year, replacing Geoff Lake after his three-year term was completed. She has been a director ...

Westpac sells NZ life business

JAMIE WILLIAMSON  |  TUESDAY, 6 JUL 2021
Westpac announced the sale of its New Zealand life insurance arm, finding a buyer in Fidelity Life Assurance, which is backed by NZ Super Fund. The institution is selling the life insurance division for NZ$400 million ($373 million) in addition to a ...