Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 121 - 130 of 523 results for "Independence"

Benefits of advice reforms yet to materialise

KARREN VERGARA  |  TUESDAY, 24 AUG 2021
... advice and the number of advisers who may be prompted to leave the profession. Ongoing fee arrangements; lack of independence statements; and consent to pass on costs are three reforms under the Financial Sector Reform Act. The Design and Distribution ...

SEEK raising $260m for new fund

KANIKA SOOD  |  WEDNESDAY, 11 AUG 2021
... and business builder," the firm said in August 11 filings. "The creation of the fund achieves the primary goals of independence and access to capital whilst providing continuity of management." SEEK said it expects to own about 84.5% of the fund after ...

Class launches SMSF auditor tool

ANNABELLE DICKSON  |  MONDAY, 12 JUL 2021
... accounting practice cannot offer accounting and auditing to the same SMSF client. "The enhancement of the auditor independence requirements will see a significant movement in the SMSF audit market, so we have provided a facility that allows an accounting ...

Regulators warn trustees of super advice fee obligations

KARREN VERGARA  |  THURSDAY, 1 JUL 2021
... must have the proper processes and systems in place to meet the new regulation. On 2 March 2021, the Advice Fees and Independence Act received Royal Assent, limiting the advice fee deductions from superannuation accounts as recommended by the Hayne Royal ...

ASIC disqualifies SMSF auditor

ANNABELLE DICKSON  |  WEDNESDAY, 30 JUN 2021
The corporate regulator has disqualified a self-managed superannuation fund (SMSF) auditor for breaching independence and auditing standards. ASIC found that Gordon Victor Shrubsole from Miranda, New South Wales lacked independence during the process ...

AFCA welcomes new chair

KARREN VERGARA  |  MONDAY, 17 MAY 2021
... effective relationships between industry, government and consumer bodies in all sectors he has been involved in. John's independence and experience will be instrumental in driving AFCA's vision to be a world-class ombudsman service into the future," ...

Grant Thornton sells private wealth division

ELIZABETH MCARTHUR  |  FRIDAY, 30 APR 2021
... business was not taken lightly and is connected with our need to ensure that we comply with national and international independence regulations." Grant Thornton Australia forms part of the Grant Thornton International network and the spokesperson added ...

Pahari to leave AMP amid demerger

JAMIE WILLIAMSON  |  FRIDAY, 23 APR 2021
... said it will commence the internal separation of Private Markets immediately, including establishing operational independence for management, new branding and a board of directors, to be led in the interim by current AMP Capital chair Michael Sammells. ...

Chief economist update: Too much of a good thing could be a bad thing

BENJAMIN ONG  |  WEDNESDAY, 31 MAR 2021
... doses a day - roughly enough to vaccinate every adult (18 and older) in the country by July 4" - just in time for Independence Day. While the US unemployment rate -- at 6.2% in February - remained well-above pre-pandemic levels - 3.5% in February 2020 ...

ASIC releases fee consent instrument

ELIZABETH MCARTHUR  |  THURSDAY, 25 MAR 2021
ASIC has released three legislative instruments to regulate advice fee consents and lack of independence disclosures, as part of the government's response to the Royal Commission. The first of the three sets the requirements that written consent from ...