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Showing 1151 - 1160 of 17178 results for "industry"

Australian Retirement Trust primed for growth: Morningstar

JAMIE WILLIAMSON  |  FRIDAY, 29 NOV 2024
... noted "solid" governance practices and said the fund "has built a competitive advantage in executing mergers with smaller industry funds, setting a firm underpin for growth in members and cash flows in the future." In recent times, ART has merged with ...

'But for' compensation methodology unfair: FAAA

KARREN VERGARA  |  FRIDAY, 29 NOV 2024
... factor in 'opportunity costs' and has drawn the ire of advisers, calling it "unfair" and "unsustainable" for the industry. The "but for" methodology is how the Australian Financial Complaints Authority (AFCA) calculates compensation and how it ...

AI no silver bullet for advice process, documentation: Experts

KARREN VERGARA  |  FRIDAY, 29 NOV 2024
... client within minutes. "But the most important thing to note is not all tools are appropriate for the financial advice industry," Carter added. Tangelo Advice Consulting director and principal consultant Conrad Travers, who also spoke on the panel, urged ...

Swan hits back at Bragg: 'That's wrong of you'

ELIZA BAVIN  |  FRIDAY, 29 NOV 2024
... provider and has delays in the processing of insurance claims," Swan said. "So, this is also an issue elsewhere in the industry, but in saying that we accept complete accountability for the outcomes, and that's why we have worked very hard with both ...

Self-regulation on the cards: FAAA

KARREN VERGARA  |  THURSDAY, 28 NOV 2024
The financial advice industry has finally earned "profession" status and has the potential to self-regulate in the near future, according to Financial Advice Association Australia (FAAA) chair David Sharpe. In six years' time, Sharp believes the advice ...

'New class of advisers' need clear-cut distinction: FAAA

KARREN VERGARA  |  THURSDAY, 28 NOV 2024
... able to provide. Assistant treasurer Stephen Jones first called them "Qualified Advisers", much to the criticism of the industry and later assured this was subject to change. This was an "ill-chosen term," Abood said, as financial advisers have earned ...

Regulators warn of possible issues with FAR reporting

ELIZA BAVIN  |  THURSDAY, 28 NOV 2024
... obligations under the Financial Accountability Regime (FAR) before it takes effect next year. The FAR commenced for the banking industry on 15 March 2024 and takes effect for the insurance and superannuation industries on 15 March 2025. It imposes a ...

BlackRock, State Street, Vanguard sued over climate stance

JAMIE WILLIAMSON  |  THURSDAY, 28 NOV 2024
... West Virginia, and Wyoming. Commenting, Paxton said: "Texas will not tolerate the illegal weaponisation of the financial industry in service of a destructive, politicised 'environmental' agenda. BlackRock, Vanguard, and State Street formed a cartel to ...

ART, ISPT to build $585m Sydney life sciences hub

JAMIE WILLIAMSON  |  THURSDAY, 28 NOV 2024
Australian Retirement Trust and Industry Super Property Trust signed a 99-year lease from the University of Sydney to build a healthcare and life sciences hub. As Australia's population ages, demand for healthcare is expected to increase significantly ...

Super funds 'playing to their strengths' in private markets

ELIZA BAVIN  |  WEDNESDAY, 27 NOV 2024
... said. "Today, around 16.5% of sector assets are invested in private assets, although for the largest cohort, so-called 'industry' funds, this figure exceeds 20%, with unlisted infrastructure as the most popular private asset allocation. "By allocating ...