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| | | A rise in compensation claims from clients is expected over failure to understand risk suitability and will lead to tougher regulation, research suggests. New research from Oxford Risk revealed 58% of wealth managers, who collectively manage assets ... |
| | | | ... what we should learn from this experience," added Barr. President Joe Biden assured the US population that its banking system is "safe" yesterday at a White House press conference. "No losses will be borne by the taxpayers. Instead, the money will come ... |
| | | | The residential mortgage sector will withstand the current headwinds driven by rapidly rising interest rates and cost of living pressures, a new study finds. According to Foresight Analytics, there are three key factors that will mitigate the risks ... |
| | | | As a second institution is closed by regulators, emergency measures to shore up the US financial system and prevent a banking crisis are being implemented. It comes as local tech companies confirm minimal exposures to the Silicon Valley Bank failure. ... |
| | | | ... Morningstar will introduce the Medalist Rating to replace current the Analyst Rating that uses a gold, silver and bronze grading system. The aim is to provide a single, forward-looking rating for financial advisers, AFSLs and investors to use, Morningstar ... |
| | | | APRA will maintain four life insurance prudential standards following a brief consultation period. The prudential regulator flagged it was relatively satisfied with four prudential standards - Prudential Standard LPS 100 Solvency Standard; Prudential ... |
| | | | ... treasurer Stephen Jones. The updated FAR legislation aims to prevent misconduct that may harm consumers and the financial system. It imposes four sets of obligations on these entities: accountability, key personnel, deferred remuneration, and notification ... |
| | | | ... Australian Shareholders Association (ASA) backed measures to address intentional tax avoidance or manipulation of the franking system, according to a submission made to Treasury last year. However, while it backed the measures in principle, it criticised ... |
| | | | ... a strengthened accountability framework, the FAR seeks to prevent misconduct that may harm consumers and the financial system. The FAR imposes four key sets of obligations, including accountability, key personnel, deferred remuneration, and notification ... |
| | | | ... legal entity, including charities can receive funds tax-free upon death, Hackett said. The proposed changes to the super system have sparked discussions about alternative investment strategies, but the narrative of change isn't new. In fact, changes ... |
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