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Showing 141 - 150 of 3268 results for "January 1 2014"

Licensee compliance head banned over fees for no service

MATTHEW WAI  |  WEDNESDAY, 9 JUL 2025
The former head of compliance at a now defunct advice licensee has been banned for three years over the way he dealt with an adviser's fees for no service misconduct. Former Crown Wealth Group director and head of compliance Andrew Moore has been banned ...

CSLR releases revised levy estimate

ELIZA BAVIN  |  FRIDAY, 4 JUL 2025
The Compensation Scheme of Last Resort (CSLR) has released a FY26 revised levy estimate, coming down slightly from the figure estimated in January. The CSLR said the need for a revised estimate was triggered due to the initial levy estimate, issued ...

Fees for no service see former adviser banned

JAMIE WILLIAMSON  |  THURSDAY, 3 JUL 2025
A former financial adviser is now banned for 10 years after she was found to have knowingly charged fees for no service. Kiriley Roper was a director, shareholder and adviser at Lighthouse Partners in Redcliffe, Queensland. ASIC alleges that between ...

First Sentier Investors chief executive steps down

JAMIE WILLIAMSON  |  WEDNESDAY, 2 JUL 2025
First Sentier Investors has confirmed its chief executive is leaving at the end of the year. After seven years with First Sentier Investors, Mark Steinberg has announced he plans to step down. Confirming the news, a First Sentier spokesperson said ...

Finance news foretells stock market volatility: Study

KARREN VERGARA  |  TUESDAY, 1 JUL 2025
Daily financial news can better predict stock market volatility and deliver more accurate signals about risk than backward-looking macroeconomic data, a new study suggests. University of Auckland finance lecturer Justin J. Case and Queensland University ...

Bombora Advice appoints new chair, managing director

ELIZA BAVIN  |  MONDAY, 30 JUN 2025
Bombora Advice is welcoming a new chair and a managing director following the departure of founder Kevin Martin. Wayne Handley will take on the role of executive chair and Niall McConville will become managing director, effective July 1. Martin served ...

Managed fund inflows jump over 20x: Report

ANDREW MCKEAN  |  THURSDAY, 26 JUN 2025
Managed funds domiciled in Australia received $8.6 billion in inflows from January to May this year, over 20 times the level recorded over the same period last year, according to global funds network Calastone. Calastone said local investors appeared ...

4600 relevant providers yet to meet qualification standards: ASIC

KARREN VERGARA  |  TUESDAY, 24 JUN 2025
More than 4600 relevant providers have yet to meet qualification standards, according to ASIC, and have only six months to meet the deadline. An ASIC spot check of the 15,610 relevant providers listed in the Financial Advisers Register found that 6426 ...

En garde: New fund eyes Vanguard, Betashares' turf

ANDREW MCKEAN  |  THURSDAY, 19 JUN 2025
Vanguard, Betashares, and BlackRock have an iron grip over the ETF industry, commanding the lion's share of funds under management (FUM) - thanks largely to their flagship core, low-cost equity exposures. However, Financial Standard understands that ...

ASIC grants no-action on deficient advice fees consent

JAMIE WILLIAMSON  |  FRIDAY, 6 JUN 2025
ASIC has granted a limited no-action position in response to an issue related to the inclusion of account numbers in a client's written consent for the deduction of ongoing advice fees. ASIC is reminding financial advisers and superannuation trustees ...