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Showing 131 - 140 of 4269 results for "Yesterday"

AFSLs can lose licence on CSLR intervention

KARREN VERGARA  |  WEDNESDAY, 7 AUG 2024
... regime, which has been in operation for four months. Berry told a Financial Advice Association Australia (FAAA) event yesterday that the "ongoing sustainability of organisations is certainly paramount in the decisions that we make." In one case, the ...

Markets melt down over 'premature' recession fears

ELIZA BAVIN  |  TUESDAY, 6 AUG 2024
The ASX had its worst day since March 2020 yesterday, wiping $102 billion as investors got the jitters over a potential US recession. Mediocre jobs data released in the US sparked recession fears with investors also concerned the Federal Reserve is ...

Positives remain at Perpetual, says Morningstar

JAMIE WILLIAMSON  |  THURSDAY, 25 JUL 2024
After Perpetual reported worse than expected outflows yesterday, Morningstar has lowered its fair value estimate for the 138-year-old wealth giant. However, it says things aren't all bad. In a quarterly update yesterday, Perpetual disclosed $8.9 ...

ART executive takes lead super role at Insignia

JAMIE WILLIAMSON  |  THURSDAY, 25 JUL 2024
After announcing his departure from Australian Retirement Trust (ART) yesterday, Dave Woodall has been named chief executive of superannuation at Insignia Financial. Earlier this month, Insignia Financial announced an overhaul of its leadership team. ...

Generation Development Group corrals complete ownership of Lonsec

ANDREW MCKEAN  |  TUESDAY, 23 JUL 2024
... past 12 months. Generation Development Group chair Rob Coombe, who also serves as chair of Colonial First State, said yesterday in an address to shareholders that Lonsec is a market leading qualitative investment and fund research and ratings provider ...

ASIC delivered court win over Firstmac DDO failure

JAMIE WILLIAMSON  |  THURSDAY, 11 JUL 2024
... lender and investment manager Firstmac over a cross-selling strategy for investment products. The Federal Court found yesterday that Firstmac breached the DDO provisions by failing to take reasonable steps that would have resulted in or would have been ...

First advice reform bill passes parliament

KARREN VERGARA  |  FRIDAY, 5 JUL 2024
... first tranche of the Delivering Better Financial Outcomes (DBFO) legislation passed both the upper and lower houses yesterday. Treasury Laws Amendment (Delivering Better Financial Outcomes and Other Measures) Bill aims to reduce red tape for financial ...

Committee calls for 'sick agency' ASIC to be split in half

JAMIE WILLIAMSON  |  THURSDAY, 4 JUL 2024
... by Liberal Senator Andrew Bragg, involved five public hearings and received 197 submissions. Handing down its report yesterday, the committee made 11 recommendations in all. In addition to recognising ASIC has "comprehensively failed to fulfil its regulatory ...

Panel declares 'unacceptable circumstances' for Sequoia

KARREN VERGARA  |  TUESDAY, 2 JUL 2024
... positions, each securing over 60% of their votes, and rejecting Brent Jones and Peter Brook taking a seat on the board. Yesterday, the panel declared that "the circumstances constitute unacceptable circumstances in relation to the affairs of Sequoia." ...

New NALE rules, AFCA's super powers passed

KARREN VERGARA  |  THURSDAY, 27 JUN 2024
... July 2018 changes, the industry has been lobbying for change but seemed to have "fallen on deaf ears". That is until yesterday, in which the Association of Superannuation Funds of Australia (ASFA) chief executive Mary Delahunty welcomed the changes she ...