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Showing 1181 - 1190 of 5876 results for "July"

ASIC to watch member shunting to untested super products

KANIKA SOOD  |  THURSDAY, 2 SEP 2021
... performance only test applied to 80 MySuper products, out of the thousands of superannuation products available to consumers. From July 2022, trustee-directed products will also face the test. However, "trustee-directed" products definition doesn't include ...

ABPs alone won't meet retirement income covenant: Knox

KANIKA SOOD  |  WEDNESDAY, 1 SEP 2021
... will have to look at other solutions. The government's latest guidance on the Retirement Income Covenant released in July backtracked from Comprehensive Retirement Income Products. It told trustees to focus on income and demoted its previous requirements ...

FASEA exam pass rate drops

KARREN VERGARA  |  WEDNESDAY, 1 SEP 2021
The financial adviser exam pass rate continues to dwindle as less than two-thirds of financial advisers passed the July exam sitting. The Financial Adviser Standards and Ethics Authority announced yesterday that 60% of the 1963 candidates passed the ...

WTL posts $3.3m loss

KARREN VERGARA  |  WEDNESDAY, 1 SEP 2021
... licensing, risk management, education and training, technical support, and practice management and development services. In July, it completed the acquisition of Sentry Group, adding around 275 advisers to the group. While Wealth Today and Sentry provide ...

New role for Harvey Kalman

ELIZABETH MCARTHUR  |  TUESDAY, 31 AUG 2021
... investment manager. He joins Arbitrium Capital Partners as non-executive director and chair of its credit risk committee. In July this year Kalman left his role as managing director (UK and Europe) and global head of business development Equity Trustees ...

Results out: 13 funds fail YFYS performance test

KANIKA SOOD  |  TUESDAY, 31 AUG 2021
... by Schedule 2A of the YFYS bill. Today's results included MySuper products only. They will face the music again on 1 July 2022. The new performance testing regime was floated at the annual budget in October 2020 and came into effect on July 1 this ...

Economic recap: Week to August 27

BENJAMIN ONG  |  MONDAY, 30 AUG 2021
... employment," he said. "The rapid reopening of the economy has brought a sharp run-up in inflation. Over the 12 months through July, measures of headline and core personal consumption expenditures inflation have run at 4.2% and 3.6%, respectively-well ...

Industry steps up for Lifeline

ELIZABETH MCARTHUR  |  THURSDAY, 26 AUG 2021
... event are determined to still encourage people to donate to Lifeline. In just the first month of Sydney's lockdown (June 26 - July 27), Lifeline national demand was up 24%. That represents an extra 590 calls every day compared to pre-pandemic numbers ...

IOOF posts $143.5m loss for FY21

KANIKA SOOD  |  THURSDAY, 26 AUG 2021
... remediation is $377.2 million at June 2021. "...Potentially, there might be some remaining to the very end there [that might go in July 2022], but we think that we will be largely complete," he said of the advice remediation.

Walsh Capital signs four fund managers

KANIKA SOOD  |  MONDAY, 23 AUG 2021
... soon-to-launched private equity manager. All four managers have come on board for three years each. Walsh set up her firm in July, after leaving the Future Generation LICs in April. She spent six years as the chief executive of both Future Generation ...