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Showing 1261 - 1270 of 10619 results for "Standard"

AFCA outlines systemic issues in wealth management

ANDREW MCKEAN  |  TUESDAY, 23 MAY 2023
... made changes to its target market determinations in relation to CFDs. Meanwhile, as previously reported by Financial Standard, IG Markets faces a class action launched by Piper Alderman and Omni Bridgeway. The lawsuit represents investors who allegedly ...

BNPL to be regulated under Credit Act

CASSANDRA BALDINI  |  MONDAY, 22 MAY 2023
The government has handed down its plan to regulate buy now, pay later (BNPL) providers and products under the Credit Act to strengthen consumer outcomes. Historically, BNPL schemes have been exempt from tough regulation as they do not charge interest ...

Don't discount Vietnam: Dragon Capital

CHLOE WALKER  |  MONDAY, 22 MAY 2023
... around $231 billion, and in terms of the liquidity, the turnover is almost $565 million per day," Ngo Thanh told Financial Standard. "Therefore, Vietnam is satisfied to be included as an emerging market." However, she noted, there are some technical ...

'Kick down the road' mentality fuels retirement insecurity: Study

ANDREW MCKEAN  |  MONDAY, 22 MAY 2023
... that their existing savings and superannuation balance are insufficient in this economic climate." The ASFA Retirement Standard suggests that retirees need over $500,000 in their super balance, far exceeding the average Australian super balance for early ...

APRA finalises rules for financial crisis readiness

ANDREW MCKEAN  |  FRIDAY, 19 MAY 2023
Finalising new prudential standards, APRA is aiming to bolster banks, insurers, and superannuation trustees' resilience against future financial crises. APRA hopes the new standards will equip these financial entities with strategies to counteract threats ...

Super fund blunder likely down to bad data: Podcast

CASSANDRA BALDINI  |  THURSDAY, 18 MAY 2023
... existing legislative requirements related to intra-fund consolidation. Speaking on the latest episode of the Financial Standard podcast, Hooper said there are several ways. "They would all likely have the root cause in data entry," he explained. "Data ...

Finfluencers bridge financial advice gap

KARREN VERGARA  |  THURSDAY, 18 MAY 2023
... variety; the more voices you have, the better," Scully explains. Since its crackdown, ASIC said in a statement to Financial Standard it has identified "14 finfluencers that have gained the relevant authorisations to provide financial or credit services ...

Reserve Bank is done at 3.85%: CBA

CASSANDRA BALDINI  |  WEDNESDAY, 17 MAY 2023
... caused further speculation on what might happen next month or in the months to follow, however Felsman told Financial Standard the Commonwealth Bank's view is that the RBA is done at 3.85%. "Our central scenario is that we think that the Reserve ...

Former Mason Stevens chief sells boutique

KARREN VERGARA  |  WEDNESDAY, 17 MAY 2023
... private markets. Jin Lin is currently the group managing director of Aqualand. ALC chief executive Wayne Mo told Financial Standard that PIM has aligned values to ALC and complementary capabilities on many levels. In partnering with Equity Trustees ...

Abolishing FDSs a major win: Panel

KARREN VERGARA  |  TUESDAY, 16 MAY 2023
The Quality of Advice Review's recommendation to abolish Fee Disclosure Statements would be a major win for financial advisers as many continue to grapple with providing accurate documents to clients. The Financial Advice Association Australia general ...