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Showing 1051 - 1060 of 6175 results for "Statement"

Industry mixed on YFYS

ANNABELLE DICKSON  |  FRIDAY, 18 JUN 2021
... in funds that could fail performance tests - many more workers are in funds that will not be tested," ISA said in a statement. Meanwhile, the Financial Services Council (FSC) disagreed and said the reforms are a significant win for consumers, particularly ...

Chief economist update: The (dot) plot thickens

BENJAMIN ONG  |  THURSDAY, 17 JUN 2021
... fed funds rate at 0-0.25% and bond purchases at a rate of US$120 billion monthly - the dot plots contained in the 'Statement of Economic Projections' (SEP) imply that something sinister is coming to a theatre near us... and soon. The plot of ...

ASIC releases ongoing fee obligations guidance

KARREN VERGARA  |  WEDNESDAY, 16 JUN 2021
... obligations will take effect. These are new obligations that must be carried out on top of providing clients a fee disclosure statement (FDS), which has been in place since 1 July 2012. The information sheet covers three areas: ongoing fee arrangements ...

Advisers win annual renew law relief

KARREN VERGARA  |  FRIDAY, 11 JUN 2021
... practicality issues of the new annual renewal law, arguing that it was impossible to generate a financial disclosure statement in one day. They identified a number of practicality issues that include delays in processing fees; not having enough time ...

ASX invests in GROW Inc

KANIKA SOOD  |  FRIDAY, 11 JUN 2021
ASX has acquired a minority stake in fast-growing superannuation administrator GROW Inc. In a statement, the exchange said the investment aligns closely with ASX's strategy to drive efficiency in financial services using distributed ledger technology ...

Halifax auditors face criminal charges

ELIZABETH MCARTHUR  |  TUESDAY, 8 JUN 2021
Audits of defunct stockbroker Halifax have resulted in the first criminal charges ever laid in Australia for failure to comply with auditing standards. EC Audit and its director Robert Evett have been charged with breaches of auditing standards and ...

Super fee squeeze continues

KANIKA SOOD  |  MONDAY, 7 JUN 2021
Fifty-six superannuation products dropped their fees in the March quarter, according to Rainmaker Information's analysis of 475 product disclosure statements. Overall, 152 superannuation products updated their PDS's between January and March 2021. Of ...

LIBOR phased out by year end

ELIZABETH MCARTHUR  |  FRIDAY, 4 JUN 2021
... conduct, litigation, and operational risks associated with inadequate preparation," ASIC, APRA and the RBA said in a joint statement. ASIC commissioner Cathie Armour added: "Firms should, as soon as practicable, stop the sale and issuance of LIBOR-referenced ...

Former adviser hit with three-year ban

KARREN VERGARA  |  FRIDAY, 4 JUN 2021
A former financial adviser that failed to consider his clients' best interests copped a three-year ban from the regulator. Brisbane-based Nathan Smith was a representative for MyPlanner Professional Services and Total Financial Solutions Australia. ...

Chief economist update: RBA cash rate on ice until 2024

BENJAMIN ONG  |  WEDNESDAY, 2 JUN 2021
... would continue to do so. The RBA revised up its 2021 GDP growth forecast to 4.75% (from 3.5% predicted in its February statement). Only a day before, the OECD's 'Economic Outlook' report upgraded Australian GDP growth to 5.1% this year (from ...