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Showing 1681 - 1690 of 4880 results for "FAR"

ACSA creates managed fund taskforce

HARRISON WORLEY  |  MONDAY, 11 FEB 2019
... coming into force. "While good progress has been made in some areas over the past few years, inefficient processes are still far too common," Brown said. "We are also seeing new requirements, particularly with demands for fund data and regulatory reporting ...

Hayne report raises professionalism stakes

JAMIE WILLIAMSON  |  MONDAY, 11 FEB 2019
... further education in the industry become law. Commissioner Kenneth Hayne is calling for the ASIC Financial Advisers Register (FAR) to be formalised and for the mandatory individual registration of all advisers. Under his recommendation, financial advisers ...

NAB wealth exit delayed

HARRISON WORLEY  |  FRIDAY, 8 FEB 2019
... is likely to be delayed. NAB said it was likely the planned divestment of its wealth management arm MLC would be delayed as far as June 2020. The bank said that while more detail was yet to arrive about the proposed legislative changes resulting from ...

AFCA appoints new ombudsman

DARREN SNYDER  |  THURSDAY, 7 FEB 2019
The Australian Financial Complaints Authority will soon welcome its newest ombudsman, an appointment that will be dedicated to resolving disputes for small businesses including financial services firms. Joining AFCA from February 12 is Geoff Browne. ...

Wealth manager appoints former NSW Premier to chair foundation

HARRISON WORLEY  |  WEDNESDAY, 6 FEB 2019
A former NSW Premier will chair a foundation supported by an Islamic superannuation fund. Bob Carr has been appointed as chairman of Crescent Foundation, the charity supported by Islamic superannuation fund Crescent Wealth. The former New South Wales ...

Sequoia chief resigns

KARREN VERGARA  |  TUESDAY, 5 FEB 2019
Sequoia Financial Group's chief executive and managing director Scott Beeton is bidding farewell after nine years with the company. Beeton has also resigned as a director of the group effective February 4. In November 2018, Beeton flagged he would transition ...

Hayne targets superannuation employer connections

KARREN VERGARA  |  MONDAY, 4 FEB 2019
... employees of the person will be, or will apply or agree to be, members of the fund. However, Hayne said Section 68A does not go far enough in preventing "treating" employers and called for the Act to be amended to include a civil penalty provision in ...

SMSF investments reach far and wide

HARRISON WORLEY  |  MONDAY, 4 FEB 2019
... are tangible unlike shares." He noted the value of gold increased by more than 260% over the past 16 years, with silver not far behind, picking up over 220% in value. "Investors have experienced good capital gains from these assets," he said. SMSF investors ...

Industry fund sees boost in additional contributions

JAMIE WILLIAMSON  |  SUNDAY, 3 FEB 2019
... making additional contributions to their super at Mount Alexander Shire Council has increased 440%, Vision Super said. So far, out of 200 people only 15 have chosen to opt out. Commenting, Swan Hill Rural City Council chief executive John McLinden said ...

Superannuation smashes gender diversity goals

KARREN VERGARA  |  SUNDAY, 3 FEB 2019
... In 2014, this was about $36,935, an increase of 41.1%. Interestingly, female representation in ASX-listed companies are not far behind. Latest research from MSCI shows more women joined Australian company boards in 2018. The proportion of women holding ...