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Showing 1621 - 1630 of 6857 results for "PRA"

APRA expands life insurance data reporting

KARREN VERGARA  |  THURSDAY, 19 AUG 2021
APRA will publish more of life insurance data across its quarterly statistical reports. The prudential regulator said it will release more of the life insurance and general insurance data it collects in a bid to promote greater transparency and efficiency ...

World Pension Alliance condemns COVID early release

KANIKA SOOD  |  THURSDAY, 19 AUG 2021
The international pension body is warning of the dangers in governments allowing unrestricted pension withdrawals as a pandemic response. The WPA represents pension plans and providers in Europe, the United States of America, Canada, Latin America ...

ASX posts mixed results

ANNABELLE DICKSON  |  THURSDAY, 19 AUG 2021
The ASX recorded a 3.6% decrease in statutory profit to $480.9 million as expenses rose to support operating and growth initiatives. Operating revenue grew 1.4% to $951.5 million which it attributed to growth in listings and issuer services. ASX chief ...

Magellan to move to higher tax rate

KANIKA SOOD  |  WEDNESDAY, 18 AUG 2021
Magellan Financial Group will start paying taxes at the full 30% rate from FY24, as the government abolishes laws that allowed it to pay only 10% tax on offshore earnings. MFG paid tax at 21.4% in the year ending June, lower than the 30% tax rate that ...

Super fund portfolio disclosure consultation reopens

KARREN VERGARA  |  WEDNESDAY, 18 AUG 2021
Senator Jane Hume has opened another consultation on how superannuation funds disclose their portfolio holdings as part of the Your Future, Your Super reforms. This specific piece of the Your Future, Your Super legislation covers how members' holdings ...

Accountants warn of lockdown cost

ELIZABETH MCARTHUR  |  WEDNESDAY, 18 AUG 2021
An Australian-first survey of accountants asking for their views on the economic impact of COVID-19 has revealed a pessimistic outlook. Nearly half of surveyed accountants are "fairly" or "extremely" worried about the state of the Australian economy ...

Updated life code released

ELIZABETH MCARTHUR  |  WEDNESDAY, 18 AUG 2021
The Financial Services Council (FSC) released the second draft of the Life Insurance Code of Practice 2.0 for public consultation. The latest draft of the code was released today, incorporating feedback from the first draft's consultation. The FSC has ...

Frontier hires former Perpetual head of infrastructure

KANIKA SOOD  |  TUESDAY, 17 AUG 2021
The asset consultant has hired a former Perpetual and UniSuper head of infrastructure as a principal consultant, investment governance in a six-month contract. Brett Lazarides was NAB Asset Management's head of alternative investments, Perpetual's ...

Vote now in 2021 FS Power50

STAFF WRITER  |  MONDAY, 16 AUG 2021
Voting is now open for the FS Power50, recognising the most influential financial advisers in Australia in 2021. Financial Standard received more than 140 nominations for the FS Power50, including several familiar faces and plenty of new. In the making ...

Fiducian's FUA inches to $4bn

KARREN VERGARA  |  MONDAY, 16 AUG 2021
Fiducian Group's funds under advice continues to grow but could be dampened by legacy clients that will not renew the services of an adviser. Fiducian's FUA went up $700,000 to $3.7 billion in the year to June 2021, thanks to acquisitions, inflows ...