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Showing 151 - 160 of 5693 results for "Commission"

Trustees must do better on account consolidation: ASIC

JAMIE WILLIAMSON  |  THURSDAY, 29 JUN 2023
... accounts, a portion of which were people with more than one account with the same fund. According to the Productivity Commission, unnecessary multiple accounts can leave someone over $50,000 worse off in retirement. Following the review, three super ...

Jones lifts adviser levy freeze, updates funding model

KARREN VERGARA  |  TUESDAY, 27 JUN 2023
... relevant sub-sectors it will charge. The financial advice industry has copped skyrocketing levies since the Hayne Royal Commission, which forced out 40% of the population. The formula is driven by the denominator, meaning that as more advisers exited ...

ASIC nudges trustees on member fund compliance

ANDREW MCKEAN  |  TUESDAY, 27 JUN 2023
ASIC is appealing for superannuation trustees to adhere to their legal responsibilities concerning member funds following a review of 12 trustees. A recent review by ASIC revealed that most aren't meeting their legal responsibilities for managing incoming ...

Anti-hawking laws could dampen super fund advice: Academic

KARREN VERGARA  |  TUESDAY, 27 JUN 2023
... members a misleading impression as to their potential retirement benefits," Asher said. Cold calling post-Hayne Royal Commission The Australian Institute of Superannuation Trustees (AIST) has previously called on the government to extend anti-hawking ...

BlackRock Bitcoin ETF: A landmark institutional event?

ANDREW MCKEAN  |  MONDAY, 26 JUN 2023
The BlackRock ETF filing with the Securities and Exchange Commission (SEC) has been touted by Magnet Capital co-founder Egor Sidelska as the most significant institutional event in Bitcoin history. Sidelska said the BlackRock ETF filing is a definitive ...

ISA welcomes back former chair

CASSANDRA BALDINI  |  MONDAY, 26 JUN 2023
... opposition. Collins has chaired several public boards including, Australian Institute of Health & Welfare, Legal Aid Commission of NSW, Cancer Institute, and currently Nepean Blue Mountains Local Health District. Commenting on the appointment, Collins ...

CSLR finally passes senate

KARREN VERGARA  |  FRIDAY, 23 JUN 2023
... Kirkland said the creation of a compensation scheme was one of the most important recommendations from the Banking Royal Commission. "The introduction of a compensation scheme of last resort is an historic moment for consumer financial protection in ...

ALRC to simplify, restructure advice laws

KARREN VERGARA  |  FRIDAY, 23 JUN 2023
The Australian Law Reform Commission's (ALRC) third and final interim report is proposing to restructure and simplify financial advice regulation after finding the industry is regulated very differently to other financial services sectors. Interim ...

ASIC flags AI regulation remit

KARREN VERGARA  |  TUESDAY, 20 JUN 2023
... there is currently no real consensus on how to regulate AI - if at all. Pointing to global counterparts, the European Commission has led by proposing an AI law. It takes a risk-based approach, while prohibiting some particular forms of AI, he said. In ...

BlackRock files for bitcoin ETF

ANDREW MCKEAN  |  FRIDAY, 16 JUN 2023
BlackRock's iShares has filed paperwork with the US Securities and Exchange Commission (SEC) to develop a spot bitcoin ETF. The iShares Bitcoin Trust will seek to mirror the performance of bitcoin's price before the payment of expenses and liabilities. ...