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Showing 1551 - 1560 of 7414 results for "MAI"

Super fund member meetings under the spotlight

KARREN VERGARA  |  FRIDAY, 6 AUG 2021
Superannuation funds need to lift their game when it comes to annual member meetings as ASIC found that many should be giving members a better opportunity to have their voices heard. While the the corporate regulator did not identify significant failures ...

Data to improve TPD outcomes: ASIC

ANNABELLE DICKSON  |  MONDAY, 2 AUG 2021
The corporate regulator is urging TPDinsurance providers to act on gaps in their processes by improving data capabilities after previously flagging concerns including declining claim rates, withdrawn claims and poor claims-processing times. ASIC's Report ...

GigSuper eyes $1.5m raise

KANIKA SOOD  |  FRIDAY, 30 JUL 2021
The superannuation startup geared at self-employed workers is looking to raise $1.5 million, as it sets it sights on 60,000 members in five years. GigSuper this week opened a crowd-funded raise for $1.5 million based on pre-money valuation of $8.1 million. ...

IOOF advice outflows soar

ANNABELLE DICKSON  |  THURSDAY, 29 JUL 2021
The wealth manager recorded significant outflows in its financial advice business as advisers departed following its transformation strategy. Financial advice recorded $2.2 billion in outflows from 33 advisers departing from IOOF's self-employed advice ...

Managed accounts fulfil best interest

ANNABELLE DICKSON  |  WEDNESDAY, 28 JUL 2021
The increased uptake of managed accounts is seeing advisers fulfil their client best interest duty with ease, according to new research. The latest Investment Trends Managed Accounts Report showed 91% of advisers rated managed accounts as 'good' or ...

Spaceship hits $1bn in total assets

KANIKA SOOD  |  TUESDAY, 27 JUL 2021
The superannuation and investing startup has crossed $1 billion in total assets, after more than doubling the number in the last year. Its total assets more than doubled from $415 million in July last year to $1 billion now, while total customer base ...

Advice association shutters

ELIZABETH MCARTHUR  |  TUESDAY, 27 JUL 2021
A financial advice industry association, which had been vocal in boycotting the FASEA exam and fighting to retain life commissions, has shuttered. The United Financial Advisers Association (UFAA), which claimed to have 6000 members, quietly ended operations ...

Maths an unpopular subject with high schoolers

KANIKA SOOD  |  MONDAY, 26 JUL 2021
Only 30% of Australian year 12 students study maths at intermediate or high levels, according to the Actuaries Institute. It found a quarter of them are not studying any maths at all. About 7% of female students and 12% of male students study advanced ...

Advice firm acquires investment consultant

KARREN VERGARA  |  MONDAY, 26 JUL 2021
A Melbourne-based financial advice firm has acquired a boutique investment consultant for an undisclosed amount. Wattle Partners has acquired Atchison Consultants after several years of looking for the right partner to help it expand. The consultancy ...

FIRB updates guidance

ELIZABETH MCARTHUR  |  MONDAY, 26 JUL 2021
Treasury and the Foreign Investment Review Board (FIRB) have released new guidance that will impact all foreign private capital investments in Australia. The guidance is mainly in respect to exemption certificates. It confirms that the exemption certificate ...