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Showing 1571 - 1580 of 12383 results for "May"

Inflation problem is homegrown: Bullock

KARREN VERGARA  |  FRIDAY, 24 NOV 2023
... below 3%." At the recent ASIC Annual Forum, Bullock lauded the RBA's modus operandi of rapidly hiking interest rates since May 2022, signalling that she will not hesitate to continue to do so if prices continue to elevate. In analysing the RBA's ...

Mercer fined $12m over advice failures

JAMIE WILLIAMSON  |  THURSDAY, 23 NOV 2023
... Mercer has previously paid about $45 million in remediation to more than 3400 clients who were charged fee for advice they may not have been provided. This conduct stretched from January 2012 to June 2019. Mercer must also publish an adverse publicity ...

ASIC investigates iExtend over possible unlicensed conduct

CHLOE WALKER  |  THURSDAY, 23 NOV 2023
... policies by entering into a co-ownership agreement with policyholders. The undertaking shows ASIC is also concerned that iExtend may have provided financial product advice without a licence, and that iExtend may look to provide a claims handling and ...

ASFA appoints Mary Delahunty as chief executive

CASSANDRA BALDINI  |  THURSDAY, 23 NOV 2023
... Turner assumed the position temporarily in October following the departure of Martin Fahy, who stepped down from the top job in May after seven years. She will continue as the interim chief until Delahunty commences. Delahunty joins from her own consultancy ...

Key advice reforms still coming, Jones promises

JAMIE WILLIAMSON  |  WEDNESDAY, 22 NOV 2023
... Advice (SoAs) and the removal of Safe Harbour Steps from the Best Interests Duty and raised concerns that these recommendations may no longer be adopted. However, Jones assured delegates these changes are definitely still coming. "I know there's ...

Scarcity Partners brings private equity investment model to Australia

ANDREW MCKEAN  |  WEDNESDAY, 22 NOV 2023
... markets like the US and Europe where GP staking funds have become popular and are recognised for their high yields. These funds may also benefit from participation in carried interest, which can offer upside growth contingent on fund performance, as ...

Paraplanners unfazed by QAR, AI: Survey

KARREN VERGARA  |  WEDNESDAY, 22 NOV 2023
... belief is that even if legislation doesn't mandate a client-facing document, certain service-oriented firms/licensees may still require an advice record to be provided to their clients," the report read. When asked about the anticipated impact of ...

Fidelity International chief exits

KARREN VERGARA  |  TUESDAY, 21 NOV 2023
Anne Richards, the chief executive of Fidelity International, is retiring from her post after five years. Before Fidelity International, she was the chief executive of M&G Investments and Aberdeen Asset Management's global chief investment officer. ...

Private market deal activity set to persist amid high-rates: Aviva

ANDREW MCKEAN  |  TUESDAY, 21 NOV 2023
... investment strategy Michael Grady commented last month that as 2023 draws to a close, peak interest rates in major global economies may be imminent, if not already there. "The market now seems to be concentrated with the idea of higher for longer, a ...

Product modernisation will strengthen retirement outcomes: FSC

CHLOE WALKER  |  MONDAY, 20 NOV 2023
... but cannot be moved out of these products due to tax and regulatory barriers imposed by the government. This means trustees may appropriately conclude that transferring a consumer (and triggering tax obligations) would not satisfy their best financial ...