Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1031 - 1040 of 6175 results for "Statement"

WAM Global performance rises

ANNABELLE DICKSON  |  FRIDAY, 16 JUL 2021
... compelling opportunities that fit our investment process amid a strong recovery in economic growth," the LIC said in a statement. WAM Global has a market capitalisation of $619.2 million with gross assets reaching $645.4 million. Top holdings include ...

ROA relief guidance released

KARREN VERGARA  |  FRIDAY, 16 JUL 2021
... the advice is required because a client has suffered adverse economic effects as a result of COVID-19, in place of the Statement of Advice. The ROA must have a brief explanation of changes in the client's relevant personal circumstances as a result ...

No charges in AMP BOLR investigation

JAMIE WILLIAMSON  |  FRIDAY, 16 JUL 2021
... Assisting Michael Hodge also noted that AMP would dial down fees for orphaned clients rather than issue a disclosure statement not because those clients were being charged fees for no service, but that a disclosure statement might prompt the client to ...

Relief payments confirmed for NSW

ELIZABETH MCARTHUR  |  WEDNESDAY, 14 JUL 2021
... to get them through extended lockdowns," Prime Minister Scott Morrison and Treasurer Josh Frydenberg said in a joint statement. "The new national arrangements have been developed following close cooperation between the Commonwealth and NSW governments ...

Economic recap: Week to July 9

BENJAMIN ONG  |  MONDAY, 12 JUL 2021
... inflation" were further stoke by developments in China. The State Council, chaired by Premier Li Keqiang, released a statement hinting at a reduction in the country's required reserve ratio (RRR). "Given the impact of higher commodity prices on business ...

Morningstar launches fee comparison tool

KARREN VERGARA  |  FRIDAY, 9 JUL 2021
... prospective and the other provides actual fees charged over the course of the financial year, as seen in a financial statement. TCR assumes a $50,000 balance for comparability across products. The new tool will see a refresh of several Morningstar solutions ...

AFA slams new SOA measures

KARREN VERGARA  |  WEDNESDAY, 7 JUL 2021
... by the regulators," Anderson said. From July 1, new laws mandated all ongoing fee clients to receive a Fee Disclosure Statement each year, that sets out the services provided, fees paid over the last year, as well as the services to be provided over ...

Class to dump MDA investment

ANNABELLE DICKSON  |  TUESDAY, 6 JUL 2021
... business model is not focused on delivering world-class technology to the wealth accounting ecosystem," Class said in a statement. Russell added: "Philo Capital is not profitable yet and requires further investment over the coming years for it to scale. ...

ASIC announces advice affordability findings

KARREN VERGARA  |  TUESDAY, 6 JUL 2021
... ASIC guidance is needed. A business' overheads and fixed costs are driving up the cost of advice, ASIC found. The Statement of Advice preparation, which includes client and product research, is a costly exercise. Some 146 respondents supported allowing ...

QSuper, IFM bid for Sydney Airport

ANNABELLE DICKSON  |  MONDAY, 5 JUL 2021
... price is below where Sydney Airport's security price traded before the pandemic," the Sydney Airport board said in a statement. "The boards are undertaking detailed analysis of, amongst other things, whether the proposal is reflective of the underlying ...