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Showing 1481 - 1490 of 12783 results for "Change"

Bragg proposes super fund reforms to protect retail investors

ANDREW MCKEAN  |  WEDNESDAY, 10 JAN 2024
Senator Andrew Bragg has called for new reforms aimed at safeguarding retail investors as superannuation funds increase their ownership stakes in Australian public companies. In an opinion piece for The Australian, Bragg proposed broadening the Takeovers ...

Inflation eases to 4.3%

KARREN VERGARA  |  WEDNESDAY, 10 JAN 2024
Inflation declined to 4.3% in the year to November 2023, easing from 4.9% in October. The latest data from the Australian Bureau of Statistics (ABS) found that the rising costs of housing (up 6.6%), food and non-alcoholic beverages (up 4.6%), insurance ...

BlackRock to cull 3% of global workforce

ANDREW MCKEAN  |  WEDNESDAY, 10 JAN 2024
BlackRock is laying off around 3% of its global workforce to best position itself for a "new environment," chief executive Larry Fink and president Rob Kapito announced in a memo sent to staff on January 9. "As we prepare for 2024 and this very exciting ...

Loftus Peak to take over Orca fund

JAMIE WILLIAMSON  |  TUESDAY, 9 JAN 2024
... (FUM). The Loftus Peak Global Disruption Fund has roughly double the FUM and returned 38.72% over the same period. Under the change, the fund's existing portfolio manager Raymond Tong will transition to Loftus Peak as its new head of research. His fellow ...

First Nations Groups launch scholarship for Indigenous women in financial services

ANDREW MCKEAN  |  THURSDAY, 21 DEC 2023
... transformation in areas such as government, financial services and within their communities is key to long-term, sustainable change that places our communities in the driving seat," he said. Meanwhile, First Nations Foundation chief executive Phil Usher ...

Treasury to refresh financial adviser exam

KARREN VERGARA  |  MONDAY, 18 DEC 2023
... existing advisers can sit the exam. Doing so allows "flexibility and ensures candidates have timely access to the exam". "This change does not affect the high education and training standards for professional advisers. A person is still required to meet ...

Fee consent forms, FDS overhaul concerns FAAA

KARREN VERGARA  |  MONDAY, 18 DEC 2023
... rationalised standard form that details the deduction of personal advice fees that proves client consent. The inability to change the anniversary date for fee consent and thus move the date of annual reviews is a concern, Abood warned, as it impacts ...

What you read in 2023

JAMIE WILLIAMSON  |  FRIDAY, 15 DEC 2023
Once again, Financial Standard readers were captivated by the evolving superannuation landscape, with this year's top stories largely focused on this space. However, there was one particular executive move that simply couldn't be scrolled past. ...

ASIC, APRA slam premium hikes

KARREN VERGARA  |  FRIDAY, 15 DEC 2023
... re-rating practices". "Life companies should examine their contracts to ensure that the terms about how and when premiums may change are transparent and not unfair," they said. Radar Results chief executive John Birt is astounded at such brazen practices. ...

AustralianSuper in talks to extend administration services mandate

ANDREW MCKEAN  |  FRIDAY, 15 DEC 2023
AustralianSuper has signed a memorandum of understanding (MoU) with Link Group to negotiate an extension to their core administration services partnership. Link Group's Retirement and Superannuation Solutions (RSS) business and AustralianSuper will ...