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

Search Results

Showing 1401 - 1410 of 7677 results for "Deal"

Industry mixed over FSC advice framework

ANNABELLE DICKSON  |  FRIDAY, 15 OCT 2021
The financial advice industry welcomes the Financial Services Council (FSC) recommendations to help reduce red tape and make financial advice more affordable, but one dealer group is unsure whether the FSC is trustworthy - particularly for risk advisers. ...

TWUSUPER cans merger plans

JAMIE WILLIAMSON  |  THURSDAY, 14 OCT 2021
TWUSUPER has decided to not proceed with its planned merger with EISS Super, saying it will pursue other options. In a statement this morning, TWUSUPER advised the merger will not go ahead, saying: "Any merger must be in members' best interest." ...

FinClear scores clearing mandate

JAMIE WILLIAMSON  |  WEDNESDAY, 13 OCT 2021
... FinClear has signed an agreement to provide third-party clearing services to a global broker-dealer. FinClear secured the deal with Velocity Trade, ending the latter's relationship with UBS. The move, FinClear chief executive David Ferrall said, will ...

UniSuper net zero efforts accelerated

JAMIE WILLIAMSON  |  TUESDAY, 12 OCT 2021
A new three-year renewable electricity deal is set to see the proportion of UniSuper's direct property portfolio that's managed by AMP Capital become carbon neutral almost a decade ahead of target. AMP Capital signed the agreement with SmartestEnergy ...

FSC advice reforms slash time, costs by 30%

KARREN VERGARA  |  TUESDAY, 12 OCT 2021
... years that the interplay between the FASEA code of conduct, and the Best Interest Duty tests was causing the industry a great deal of angst." Many advice practitioners KPMG interviewed highlighted examples where they are statistically meeting one of ...

EISS Super answers tough questions

ELIZABETH MCARTHUR  |  TUESDAY, 12 OCT 2021
After a period of media scrutiny following its failure of the inaugural APRA performance test, EISS Super has faced a parliamentary committee, facing tough questions over the test result and its sponsorship deals. Liberal MP Jason Falinski led the questioning ...

ASIC commences proceedings against Diversa

ELIZABETH MCARTHUR  |  MONDAY, 11 OCT 2021
The regulator is taking Diversa Trustees to court over failing to maintain oversight of a now banned financial adviser. Diversa is the trustee for $1 billion Future Super, Mason Stevens Super, ING Super and MAP Master Super - later known as OneSuper ...

Fiducian adds $38m FUA to network

KARREN VERGARA  |  FRIDAY, 8 OCT 2021
In a bid to expand nationally, Fiducian has helped one of its practices acquire clients with $38 million in funds under advice. Fiducian said it assisted the unnamed practice based in the Albury/Wodonga area by providing support services worth $360,000. ...

Private equity firm divests Zenith

KARREN VERGARA  |  WEDNESDAY, 6 OCT 2021
... enhance its service offerings for clients in the years ahead," he said. FE fundinfo chief executive Hamish Purdey said the deal brings together two fund data and research providers in Europe and the APAC region with a complementary set of asset manager ...

AustralianSuper makes first local digital infra deal

JAMIE WILLIAMSON  |  TUESDAY, 5 OCT 2021
AustralianSuper announced another major infrastructure deal, as new chief executive Paul Schroder officially took on the top job. In what is its first digital infrastructure investment in Australia, the nation's largest super fund has taken a 70% stake ...