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

Search Results

Showing 141 - 150 of 461 results for "Subsequently"

Openmarkets hit with largest ever MDP penalty

ANDREW MCKEAN  |  THURSDAY, 6 JUL 2023
... and ask orders on the same security at the same price, potentially creating a false impression of active trading. Subsequently, the regulator found that Openmarkets didn't have appropriate supervisory procedures to ensure compliance with requirements ...

Australian Ethical selects new administrator

ANDREW MCKEAN  |  THURSDAY, 15 JUN 2023
... and simultaneously see operating leverage emerge in the future earnings profile of the business." The super fund subsequently chose GROW, citing its shared commitment to innovation, and the potential for superior commercial benefits. "This and other ...

Adviser numbers drop, FAAA strengthens recruitment

KARREN VERGARA  |  MONDAY, 15 MAY 2023
... of ASIC's Financial Adviser Register. This equates to a 45% drop from the peak of 25,805 at the end of June 2019. Subsequently, the staggering demand for advice is not only forcing practices to turn clients away, but it has also led to challenges when ...

What you need to know about the 2023-24 budget

KARREN VERGARA  |  TUESDAY, 9 MAY 2023
... expected to be the weakest for global growth in over two decades. This will affect us here in Australia," he said. Subsequently, Australia's economic growth is expected to slow from 3.25% in 2022-23 to 1.5% the following year, before recovering to ...

Industry super defies turbulent markets

KARREN VERGARA  |  WEDNESDAY, 1 MAR 2023
... market volatility largely driven by global central banks' aggressive monetary tightening to curb inflation, which has subsequently slowed economic growth. Super funds' rate of return for last year was -5.5% per annum, a significant decrease compared ...

Bridges can meet advice affordability gap: Mota

KARREN VERGARA  |  FRIDAY, 24 FEB 2023
... Mota attributed the reduction in revenue to some clients paying fees that were below the minimum fee level and were subsequently turned off, as well as adviser turnover. "We've seen revenue come down, we've seen costs come down further, which ...

Commonwealth Super Corp hires former MTAA investments lead

ELIZABETH FRY  |  FRIDAY, 17 FEB 2023
... motor trades after the industry super fund merged with Tasplan to become Spirit Super on 1 April 2021. Ross Barry was subsequently named chief investment officer of the merged entity. Before joining MTAA, Brown served as a prudential supervisor a the ...

ASIC permanently bans former advisers

CHLOE WALKER  |  TUESDAY, 14 FEB 2023
... sole director of Sweeney Insurance Services was authorised to provide advice between November 2014 to July 2019. Subsequently he was the sole director of Swinsure, before being convicted of fraud in November last year. In December, Sweeney filed an application ...

More DASS complainants flock to AFCA

KARREN VERGARA  |  MONDAY, 6 FEB 2023
... watchdog ASIC urged former DASS clients who potentially suffered bad advice to lodge a formal complaint with AFCA, which subsequently registered some 1600 complainants in November. ASIC warned that complainants will experience delays and that there was ...

Future Fund subsidiaries set to receive tax exemption

ANDREW MCKEAN  |  THURSDAY, 15 DEC 2022
... doesn't extend to its wholly-owned subsidiaries. As a result, these subsidiaries pay corporate income tax, which is subsequently refunded to the Future Fund board via franking credits attached to the dividends paid to it. Treasury explanatory materials ...