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Showing 1151 - 1160 of 12233 results for "ASI"

ASIC hits Melbourne adviser with travel ban

ELIZA BAVIN  |  TUESDAY, 23 JUL 2024
The Australian Securities and Investments Commission (ASIC) has secured a travel restraint order against Melbourne-based adviser Barry King. The orders prevent King from leaving or attempting to leave Australia until 1 April 2025. They were made by ...

Insignia Financial flags more remediation ahead

JAMIE WILLIAMSON  |  MONDAY, 22 JUL 2024
Insignia Financial has warned its upcoming FY24 results will be impacted by "a significant increase in remediation for legacy quality of advice" issues. In a quarterly update, Insignia Financial confirmed it is adding $135 million after tax to its remediation ...

Reconsider the home as a retirement income pillar: Actuaries Institute

ANDREW MCKEAN  |  MONDAY, 22 JUL 2024
Encouraging more Australians to access equity in their homes, combined with changes to stamp duty and the Age Pension, could give asset-rich, income-poor retirees a valuable income boost and help free up more housing for young families, according to ...

Consultation opens on tax practitioners' registration

KARREN VERGARA  |  MONDAY, 22 JUL 2024
Treasury has opened consultation on reforming the registration framework for tax practitioners, reviewing the key areas of education, qualification, and experience requirements. The consultation is part of the government's response to the PwC tax ...

Beaconsfield takes control of New Quantum

ANDREW MCKEAN  |  MONDAY, 22 JUL 2024
US-based investment manager Beaconsfield Capital has appointed McGrathNicol as receivers and managers to New Quantum Holdings, a non-trading holding company with operating subsidiaries including wealth management software platform New Quantum and options ...

ASIC bans 'incompetent' financial services directors

ANDREW MCKEAN  |  FRIDAY, 19 JUL 2024
ASIC has banned two former directors and responsible managers of XTrade, a trading platform that offers clients opportunities to trade in contracts for difference (CFDs) and foreign exchange contracts. The directors, Shay Zakhaim and Anthony Anderson ...

Boutique ESG fund manager folds

KARREN VERGARA  |  FRIDAY, 19 JUL 2024
Boutique Ethical Partners Funds Management is shutting its doors after seven years in operation. Chief executive Matt Nacard and investment director Nathan Parkin established the firm in late 2017 and launched the flagship Ethical Partners Australian ...

Perpetual global head of distribution exits

ELIZABETH FRY  |  FRIDAY, 19 JUL 2024
Perpetual has streamlined its distribution team, in a move that sees the departure of three senior executives including the global heads of distribution and product. The asset manager confirmed Adam Quaife and Matthew Cahill have left their roles as ...

Canned 'golden visas' ruffle fund managers

KARREN VERGARA  |  THURSDAY, 18 JUL 2024
The cancellation of "golden visas" could be dire for fund managers' business models as the industry hopes the government will unveil another iteration of the Significant Investor Visa (SIV) that have attracted massive inflows from rich investors. ...

ASIC permanently bans Queensland adviser

ELIZA BAVIN  |  THURSDAY, 18 JUL 2024
The Australian Securities and Investments Commission (ASIC) has banned Queensland-based financial adviser Anass Abdalla. ASIC said Abdalla has been banned from providing any financial services, performing any function involved in the carrying on of ...