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

Search Results

Showing 1451 - 1460 of 6884 results for "Act2"

FSCP panel members named

CHLOE WALKER  |  TUESDAY, 15 FEB 2022
Thirty-one part-time members of the Financial Services and Credit Panel (FSCP) have been appointed by Treasury as the new disciplinary regime kicks off. The Financial Sector Reform (Hayne Royal Commission Response - Better Advice) Act 2021 established ...

ASIC considering more action on Sterling collapse

KARREN VERGARA  |  MONDAY, 14 FEB 2022
Corporate regulator ASIC is being urged to take more action with respect to the collapse of the Sterling Income Trust. A senate committee that recently handed down its final report in its inquiry into the collapse of the Sterling Income Trust is urging ...

Skill shortages hitting advice firms hard

ELIZABETH MCARTHUR  |  MONDAY, 14 FEB 2022
The financial advice sector is facing a shortage of skills, forcing firms to change how they do things to attract talent. Profusion divisional director Chris Gordon said he has observed a skilled staff shortage in advice, particularly for client service ...

Co-founder departs Future Super

ELIZABETH MCARTHUR  |  FRIDAY, 11 FEB 2022
One of the co-founders of environmentally friendly superannuation fund Future Super has departed after eight years. Adam Verwey, who founded Future Super with Simon Sheikh in 2014, has left the fund. "Adam is taking time out to take a break and travel ...

Rainy day funds probed

ELIZABETH MCARTHUR  |  FRIDAY, 11 FEB 2022
MP Jason Falinski spent the most recent House Economics Committee hearing probing the implications of super funds creating "rainy day funds" to pay for possible fines and sanctions. At the beginning of the hearing, Falinski asked University of NSW professor ...

Mine unions pressure funds over Rio

ELIZABETH MCARTHUR  |  FRIDAY, 11 FEB 2022
Mining unions are applying pressure to super funds over alleged bullying and harassment at Rio Tinto revealed in a recent report. The Western Mine Workers' Alliance (WMWA), an agreement between the Australian Workers' Union (AWU) and the Mining and ...

Hostplus hits members with new fee

ELIZABETH MCARTHUR  |  THURSDAY, 10 FEB 2022
Hostplus introduced a new trustee fee, after receiving Supreme Court approval to apply the fee to create emergency reserves. The amount will vary based on members' balances, but a Hostplus member with $50,000 in savings can expect to be charged an extra ...

PE Capital in liquidation

KARREN VERGARA  |  THURSDAY, 10 FEB 2022
PE Capital Funds Management is now in liquidation after the Federal Court found that it operated managed investment schemes without an AFSL and engaged in misleading and deceptive conduct. The court found that over $16 million was invested in the registered ...

AMP Capital unveils new name

KARREN VERGARA  |  THURSDAY, 10 FEB 2022
AMP Capital will become Collimate Capital ahead of its slated ASX listing in the second half of the year. Cementing its separation from parent company AMP, AMP Capital chief executive Shawn Johnson said today's announcement is a testament to ongoing ...

AFA responds to Quality of Advice Review

KARREN VERGARA  |  THURSDAY, 10 FEB 2022
The Association of Financial Advisers hopes that the upcoming industry review will listen to the voices of clients and overhaul the advice process. In its submission to the draft terms of reference for the Quality of Advice Review, the AFA is calling ...