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Showing 1011 - 1020 of 6175 results for "Statement"

Economic recap: Week to August 6

BENJAMIN ONG  |  MONDAY, 9 AUG 2021
... bolsters Fed tapering talks but the fast spreading Delata variant could still upend the recovery. In its 28 July FOMC statement, the Fed itself noted that, "The path of the economy continues to depend on the course of the virus. Progress on vaccinations ...

Final YFYS regulations out, government "backflips" on admin fees

KANIKA SOOD  |  MONDAY, 9 AUG 2021
... fiddle the books and shift costs to the investment side with little impact on the performance assessment," ISA said in a statement. "Through creative bookkeeping funds could still be charging members the same high fees but sneak through the test. Members ...

Clime wants director removed

KARREN VERGARA  |  TUESDAY, 3 AUG 2021
... abruptly in November, while Spork and Schafer acted as interim co-chiefs prior to Annick Donat taking the top job. The EGM statement reads: "That, in accordance with section 203D of the Corporations Act and for all other purposes, Mr Neil Schafer be ...

Financial Masterplan advisers banned

ANNABELLE DICKSON  |  TUESDAY, 3 AUG 2021
... also failed to provide appropriate reasoning for recommending the replacement of existing products," ASIC said in a statement. ASIC found Allan and Urrutia failed to act in the best interests of their clients while providing advice and prioritised their ...

IFM blames "unfounded" class action for Tandem worries

KANIKA SOOD  |  FRIDAY, 30 JUL 2021
A Shine Lawyers class action against IFM portfolio company Tandem made it harder for the subcontracting firm to win business in the lead up to its administration, according to IFM Investors chief executive David Neal. Neal was quizzed about the firm's ...

AMP sued over corporate super misconduct

JAMIE WILLIAMSON  |  FRIDAY, 30 JUL 2021
... advice fees, and that the group also contravened obligations as an AFSL to act efficiently, honestly and fairly. In a statement, AMP acknowledged the proceedings and said it became aware in 2018 that some AMP Flexible Super members continued to be charged ...

Aware Super, VISSF merger to proceed

JAMIE WILLIAMSON  |  THURSDAY, 29 JUL 2021
... four months of due diligence, the two super funds have confirmed they will merge before the end of the year. In a joint statement, Aware Super and the Victorian Independent Schools Superannuation Fund (VISSF) said the merger will create the largest super ...

Advice association shutters

ELIZABETH MCARTHUR  |  TUESDAY, 27 JUL 2021
... As we all know, 'free' things can be very expensive." However, Johnston did agree with the UFAA's parting statement that the industry needs a more united front from associations. "There are too many associations in our industry, at last count ...

Aon, Willis Towers Watson terminate merger

ELIZABETH MCARTHUR  |  TUESDAY, 27 JUL 2021
... billion merger between Aon and Willis Towers Watson is off, with Aon paying WTW a US$1 billion termination fee. In a statement, the companies said it was a mutual agreement - though the decision was forced by lack of regulatory approval in the US. The ...

Lumiant launches fact find module

ANNABELLE DICKSON  |  TUESDAY, 27 JUL 2021
Lumiant has launched a free module for its adviser customers to enhance its fact find process by including a survey to understand clients' ideal outcomes. The Your Life module includes statements based around Lumiant's eight dimensions of wellbeing ...