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Showing 1161 - 1170 of 4927 results for "MIS"

No surprise advice industry fears ASIC: Panel

CASSANDRA BALDINI  |  FRIDAY, 23 SEP 2022
Understanding and fixing regulatory uncertainty and licensee caution has been a subject discussed at length within the advice community in recent years, with AFCA saying it isn't surprised by the level of fear in the industry when it comes to ASIC. ...

Ethical ETF popularity soars

RACHEL ALEMBAKIS  |  FRIDAY, 23 SEP 2022
Demand for ethical ETFs continues to surge, surpassing $8 billion, according to BetaShares. Total ethical ETFs listed on the ASX and Cboe are more than $8.5 billion, with BetaShares' range of ethical ETFs constituting nearly half, according to BetaShares ...

Australian Ethical chief investment officer resigns

JAMIE WILLIAMSON  |  FRIDAY, 23 SEP 2022
David Macri will step down as Australian Ethical's chief investment officer at the end of the year, after more than a decade in the role. Macri has led the firm's investment function for the past 11 years. In total, he's been with Australian ...

AMP cops $14.5m penalty over fees for no service

JAMIE WILLIAMSON  |  TUESDAY, 20 SEP 2022
Five AMP companies will pay $14.5 million for charging close to 1500 superannuation members fees for no service over the course of about three years. The Federal Court handed the fine to AMP Superannuation, AMP Financial Planning, Charter Financial ...

Research explores advice industry's maturation

ANDREW MCKEAN  |  TUESDAY, 20 SEP 2022
New research has measured the progress made towards achieving recognised professional status within the Australian financial advice sector. An academic article authored by financial adviser and researcher Ben Neilson noted that advisers have recently ...

Mawhinney ban overturned, to face retrial

JAMIE WILLIAMSON  |  THURSDAY, 15 SEP 2022
Mayfair 101 managing director James Mawhinney has had his 20-year ban overturned and will return to the Federal Court to have his case reheard. The Full Bench of the Federal Court said ASIC's case against Mawhinney lacked procedural fairness as ...

UK regulator flags big redress bill likely for Link

JAMIE WILLIAMSON  |  WEDNESDAY, 14 SEP 2022
The UK's Financial Conduct Authority (FCA) has approved Dye & Durham's takeover of Link Group, but the acquisition may be hindered by potential redress payments of more than $500 million over Link's involvement with the LF Woodford Equity Income Fund. ...

Legendary US adviser backs Lumiant

JAMIE WILLIAMSON  |  TUESDAY, 13 SEP 2022
Advice platform Lumiant has received backing from high-profile US financial adviser, investor and personal finance commentator Ric Edelman. While the size of the investment was not disclosed, the cash injection is expected to accelerate Lumiant's international ...

CSLR legislation tabled, advice sector responds

ANDREW MCKEAN  |  FRIDAY, 9 SEP 2022
... ensure that consumers are covered for the full range of matters considered by the AFCA including managed investment schemes (MIS)." Abood also expressed disappointment that Labor's previously suggested amendments which would at least include MIS's ...

BFID no hindrance to helping vulnerable members: Panel

CHLOE WALKER  |  WEDNESDAY, 7 SEP 2022
More needs to be done to protect the super sector's most vulnerable members, with the Conference for Major Super Funds being told that doing so would be a breach of the best financial interest duty is a myth. AIST senior manager, policy David Haynes ...