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Showing 91 - 100 of 294 results for "Levy"

Leadership changes at Vanguard Australia

ELIZABETH MCARTHUR  |  WEDNESDAY, 6 OCT 2021
... addition to assuming the head of investments role. Prior to joining Vanguard in 2013, Burns worked for seven years at Jacobs Levy Equity Management, a US provider of quantitative equity strategies for institutional clients. In another leadership change ...

Adviser overwhelm explained

ELIZABETH MCARTHUR  |  TUESDAY, 21 SEP 2021
... looking at minor and administrative matters, and therefore it will be another big driver in the future to the ASIC funding levy." Anderson concluded that he is concerned a Black Swan event, such as the global financial crisis or product crash, and how ...

ASIC worried about finfluencers

ELIZABETH MCARTHUR  |  TUESDAY, 21 SEP 2021
... industry to ensure regulations do not add to cost and complexity for advisers. Asked about how ASIC could reduce the financial levy, Longo said the levy was charged in accordance with ASIC's work - and financial advisers could reasonably expect that ...

Financial adviser levy to drop

JAMIE WILLIAMSON  |  MONDAY, 30 AUG 2021
The federal government has announced the ASIC levy paid by financial advisers will revert back to 2018/19 levels for the next two years, saving the sector at least $46 million. The levy will be restored to $1142 per adviser, as was charged in 2018/19 ...

Broken advice industry shuns everyday Aussies: AFA

KARREN VERGARA, ANNABELLE DICKSON  |  THURSDAY, 29 JUL 2021
... Hayne Royal Commission have driven up the costs of running a practice, this includes ASIC's growing industry funding levy, and consequently pushed up the price of paying for advice. The hearing's chair MP Tim Wilson said: "If the only people ...

AFA slams skyrocketing ASIC levy

KARREN VERGARA  |  WEDNESDAY, 28 JUL 2021
The Association of Financial Advisers fears that ASIC's FY21 industry levy will blow out even more than its estimates. The association does not want history to repeat itself, pointing to how the FY20 levy jumped 54% higher than ASIC's estimates. ...

De Gori to leave FPA

JAMIE WILLIAMSON  |  MONDAY, 26 JUL 2021
... implementation of minimum education standards. Most recently De Gori spoke out against a further increase to the ASIC funding levy, something that has increased more than 340% in recent years, and called for changes to the reference checking regime for ...

ASIC industry levy to increase

KARREN VERGARA  |  FRIDAY, 23 JUL 2021
Financial advisers will need to fork out an extra 27% to pay the regulator's industry funding levy for the 2021 financial year. Advisers will pay $71.354 million in aggregate or $3138 on a per adviser basis plus a fixed amount of $1500 per licence ...

Banks should pay advice exit levy: TAA

ANNABELLE DICKSON  |  THURSDAY, 18 MAR 2021
The Advisers Association (TAA) is calling on the government to mandate major banks and institutions pay an exit levy upon leaving the advice industry to provide relief for financial advisers and mitigate the increasing levy. Earlier this month the Australian ...

Adviser levy to increase by 160%

ELIZABETH MCARTHUR  |  FRIDAY, 5 MAR 2021
... deficiencies at the big banks. The advice bodies are calling for the government to review the industry funding model, reduce the levy, fund ASIC from consolidated revenue and ensure ASIC's industry funding levy reflects the cost of regulation rather ...