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Showing 91 - 100 of 1691 results for "Royal"

ASIC levy to slug advisers $48.4m

KARREN VERGARA  |  TUESDAY, 9 JUL 2024
... 1800 staff and received $426 million in government funding. This marks a 22% increase over 10 years. Following the Hayne Royal Commission in 2019, the federal government injected an additional $400 million into ASIC to cover four years. It also expanded ...

AWAG invests in advice firm, adds to network

KARREN VERGARA  |  MONDAY, 8 JUL 2024
The Australian Wealth Advisors Group (AWAG) has taken a stake in Melican Financial Planning and added Murdoch Private Wealth to its licence. ASX-listed AWAG took a 20% stake in Melican Financial Planning, a firm that provides accounting, mortgage broking ...

First advice reform bill passes parliament

KARREN VERGARA  |  FRIDAY, 5 JUL 2024
... current risk-based approaches to assessing advice fee deductions remain appropriate." The bill is expected to receive the Royal Assent between seven and 10 business days.

Committee calls for 'sick agency' ASIC to be split in half

JAMIE WILLIAMSON  |  THURSDAY, 4 JUL 2024
... consider" splitting its functions between a companies regulator and a separate financial conduct regulator. "Following the Royal Commission, the Australian government increased ASIC's budget and further expanded ASIC's enforcement powers. ASIC's ...

New NALE rules, AFCA's super powers passed

KARREN VERGARA  |  THURSDAY, 27 JUN 2024
... that consideration "must begin and end, however, with the statutory text." The new law will take effect on the day after Royal Assent. This means that if a superannuation-related complaint had purportedly been made to AFCA prior to commencement of the ...

Former AMP advice lead sues The Australian

ELIZA BAVIN  |  MONDAY, 24 JUN 2024
... article, which was published back in January this year, falsely implied he had misled the corporate watchdog during the Hayne Royal Commission into banking and financial services. According to the Statement of Claim - filed in the Federal Court and seen ...

ASIC issues experienced pathway guidance

KARREN VERGARA  |  WEDNESDAY, 22 MAY 2024
... declarations since 21 September 2023, which is the day after Treasury Laws Amendment (2023 Measures No. 3) Act 2023 received Royal Assent. To access the pathway, advisers must make a written self-declaration to their licensee to confirm they meet the ...

LGT Crestone launches new investment solution

ELIZA BAVIN  |  MONDAY, 20 MAY 2024
LGT Crestone has launched a tailored investment solution exclusively for its clients, providing access to a select group of idiosyncratic and traditionally hard-to-reach asset classes with low correlation to both traditional and private market investments. ...

Wealth firms 'still have PTSD from the Royal Commission': Deloitte

ANDREW MCKEAN  |  TUESDAY, 14 MAY 2024
... Investment Advisers Association (SIAA) that the Australian industry remains cautious due to the lingering effects from the Royal Commission. "Firms are very hesitant to think about what the future of advice will look like, particularly in a mass market ...

Advisers urgently call on Treasury to recognise degrees

KARREN VERGARA  |  TUESDAY, 14 MAY 2024
... change is needed," she said. The adviser population peaked at nearly 30,000 at the end of 2018 in the throes of the Hayne Royal Commission. There were 15,602 active advisers at the end of April this year. While the advice sector may seem fragmented and ...