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

Search Results

Showing 91 - 100 of 491 results for "CEA"

ASIC sues timeshare company

KARREN VERGARA  |  WEDNESDAY, 3 NOV 2021
Timeshare company Ultiqa Lifestyle Promotions is in the firing line for providing bad financial advice, following an investigation by ASIC. ASIC alleges that between October 2017 to March 2019 the advice was provided by authorised representatives promoting ...

Adviser exits continue, industry recruits 50

KARREN VERGARA  |  TUESDAY, 2 NOV 2021
Only 50 financial advisers joined the financial advice industry in the year to September, as Rainmaker analysis shows that the total population has dwindled to 19,238. Rainmaker's latest Financial adviser report reveals an 11% year-on-year drop in the ...

No proof of member benefit: APRA on super fund spends

JAMIE WILLIAMSON  |  TUESDAY, 26 OCT 2021
APRA has found instances of expenditure by superannuation funds that does not meet the best financial interests of members, including sponsorship deals and advertising spends with no evidence of member benefit. Releasing its review of RSE licensee marketing ...

EISS Super answers tough questions

ELIZABETH MCARTHUR  |  TUESDAY, 12 OCT 2021
After a period of media scrutiny following its failure of the inaugural APRA performance test, EISS Super has faced a parliamentary committee, facing tough questions over the test result and its sponsorship deals. Liberal MP Jason Falinski led the questioning ...

Mainstream shareholders vote in favour of Apex

ANNABELLE DICKSON  |  FRIDAY, 8 OCT 2021
After a lengthy bidding war, Mainstream shareholders have voted in favour of the proposed acquisition by Apex Group. Apex will acquire 100% of Mainstream shares for $2.80 per share, valuing the company at $400 million. Almost 99% of Mainstream shareholders ...

ASIC clarifies adviser exam obligations

KARREN VERGARA  |  THURSDAY, 23 SEP 2021
The corporate regulator is providing information for financial advisers who are unclear about their examination and qualification obligations. ASIC released further guidance under INFO 260 FAQs: Timeframe for passing the financial adviser exam. Financial ...

Common ownership concerns redundant: AustralianSuper

ANNABELLE DICKSON  |  MONDAY, 20 SEP 2021
The $225 billion industry fund's outgoing chief executive Ian Silk is adamant the fund will never engage actively in common ownership, while also hinting at plans to bring more investing in-house. Appearing at a Standing Committee on Economics hearing ...

CMC Markets buys ANZ Share Investing

ANNABELLE DICKSON  |  FRIDAY, 17 SEP 2021
The online trading platform is set to pay $25 million for the big four bank's share investing client base as the latter continues to simplify its banking strategy. The transaction will see 500,000 ANZ Share Investing clients with total assets in excess ...

Bragg renews calls for Future Fund to manage super

KANIKA SOOD  |  FRIDAY, 20 AUG 2021
Liberal senator Andrew Bragg has launched a short paper to push for the sovereign wealth fund to manage all superannuation unless a worker opts out. The 20-page widely spaced paper titled Competition for Workers' Superannuation characterises the current ...

Halifax auditor to cough up fines

KARREN VERGARA  |  THURSDAY, 19 AUG 2021
The auditor of Halifax Investment Services have been slapped with criminal charges and will pay up to $40,000. In a first for Australia's audit sector, Robert James Evett and EC Audit (formerly Bentleys NSW Audit) have been convicted by the Commonwealth ...