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

Search Results

Showing 1501 - 1510 of 7414 results for "MAI"

ASIC bans adviser, cancels AFSL

ANNABELLE DICKSON  |  TUESDAY, 28 SEP 2021
The corporate regulator banned a Gold Coast-based financial adviser from providing financial services for four years and cancelled the associated AFSL for failure to comply with its general obligations. ASIC found that Frederick Steven Ackerman failed ...

Australian Ethical overhauls longstanding fund

JAMIE WILLIAMSON  |  THURSDAY, 23 SEP 2021
Australian Ethical is making a series of changes to its Advocacy investment option that will allow it to begin investing in alternatives and unlisted property. From October, the Advocacy option will essentially close and instead be known as the 'High ...

IDII pitfalls advisers should avoid

KARREN VERGARA  |  WEDNESDAY, 22 SEP 2021
Financial advisers must beware the pitfalls of problematic individual disability income insurance products and avoid circumstances that could land them in trouble with the financial complaints body. As part of a panel of experts at the Association of ...

NZ Super Fund adds to board

KARREN VERGARA  |  WEDNESDAY, 22 SEP 2021
The former chief investment officer of Insurance Australia Group will join the board of the $57 billion New Zealand Super Fund. David McClatchy starts his five-year term on the board from October 1. McClatchy relocates to New Zealand following a series ...

APRA to mandate independent certifications

KARREN VERGARA  |  WEDNESDAY, 22 SEP 2021
Prudential regulator APRA plans to go ahead with mandating independent certifications within group insurance as recommended by the financial services Royal Commission. In a letter to registrable superannuation entity licensees, APRA clarified its position ...

New super fund prepares for launch

ELIZABETH MCARTHUR  |  TUESDAY, 21 SEP 2021
Tomorrow Super is readying itself for a $5 million pre-IPO funding round, with the promise of a financial adviser friendly superannuation solution. Crescent Wealth has acquired an 8% stake in Tomorrow Super and has become the firm's maiden white label ...

Australian Ethical makes strategic investment

ELIZABETH MCARTHUR  |  MONDAY, 20 SEP 2021
Australian Ethical has made a strategic investment in Main Sequence, a deep technology investment fund founded by the CSIRO. Main Sequence welcomed the investment, saying that it will apply venture capital to play a role in solving challenges in health ...

Maple-Brown Abbott launches new fund

ELIZABETH MCARTHUR  |  FRIDAY, 17 SEP 2021
Boutique investment manager Maple-Brown Abbott has launched an Asian equities dividend growth fund. The Maple-Brown Abbott Asian Dividend Growth Fund aims to deliver a total return over a five-year period maintaining a dividend yield in excess of the ...

ASIC provides licensing update

ELIZABETH MCARTHUR  |  THURSDAY, 16 SEP 2021
ASIC has released its annual report on the number of Australian financial services licences (AFSLs) and Australian credit licences (ACLs) applied for and approved - revealing an increase in applications. The regulator revealed that between July 2020 ...

Australia ranked seventh for retirement wellbeing

ELIZABETH MCARTHUR  |  WEDNESDAY, 15 SEP 2021
Australia has failed to crack the top five for retirement wellbeing outcomes once again, according to the Natixis Global Retirement Index. Australia maintained its ranking of seventh place in the latest index for the second consecutive year. Iceland ...