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Showing 1 - 10 of 2092 results for %22Australian Financial Review%22

Fund managers nervously await 'golden visa' reforms

KARREN VERGARA  |  WEDNESDAY, 24 APR 2024
... the rigorous screening of applicants," Di Mattina said. The FSC said that SIVs have been a "beachhead" for Australian financial services companies and fund managers to gain a foothold in the Asian high-net-worth segment. "Our members have noted that ...

First Sentier axes investment units, AUM takes $14bn hit

KARREN VERGARA  |  TUESDAY, 23 APR 2024
... about $14 billion in assets under management. The investment manager this morning announced that its locally based Australian fixed income, global credit, equity income, and emerging companies units will close. "We have looked across our business in ...

ASIC cancels AFSL of JB Markets

ELIZA BAVIN  |  TUESDAY, 23 APR 2024
The Australian Securities and Investments Commission (ASIC) has cancelled the Australian Financial Services Licence (AFSL) of JB Markets effective from 12 April 2024. ASIC said JB Markets failed to comply with the financial requirements of its AFSL ...

ATO targets crypto investors, sharing economy

KARREN VERGARA  |  WEDNESDAY, 17 APR 2024
Cryptocurrency and the sharing economy are two hotspots the Australian Taxation Office (ATO) will target this financial year as too many investors continue to blunder their tax returns. With a horde of investors jumping on the cryptocurrency bandwagon ...

The Aussie wealthtech firms that are 'most innovative'

ANDREW MCKEAN  |  TUESDAY, 16 APR 2024
The annual list of the world's most innovative wealthtech companies was recently released, with several Australian firms making the cut. Iress, GBST, Practifi, Lumiant, and Ignition Advice were all on the list, which was selected by a panel of industry ...

ASIC chief executive to depart

ELIZA BAVIN  |  TUESDAY, 16 APR 2024
The chief executive of the Australian Securities and Investments Commission (ASIC) will be leaving the regulator, effective June 1. ASIC chair Joe Longo accepted a request from the Commonwealth Director of Public Prosecutions (CDPP) for ASIC chief executive ...

Super advice fee deductions compound red tape: JAWG

KARREN VERGARA  |  MONDAY, 8 APR 2024
The Joint Associations Working Group (JAWG) says new laws that enable superannuation funds to deduct financial advice fees will have the opposite effect of reducing red tape and can make advice even more unaffordable. Treasury Laws Amendment (Delivering ...

Platinum bleeds $1.4bn in outflows

KARREN VERGARA  |  WEDNESDAY, 27 MAR 2024
... non-cash charges for the purposes of any FY24 or FY25 dividend determination," Platinum said. The Australian Financial Review reported that several portfolio managers and analysts have been made redundant as part of the turnaround strategy. They include ...

Calls for fresh 5% hike to minimum wage

ELIZA BAVIN  |  TUESDAY, 26 MAR 2024
The Australian Council of Trade Unions (ACTU) will seek another 5% increase in the minimum and award wages as part of its submission to the Annual Wage Review. Each year, the Fair Work Commission hears from unions, employers, and governments before ...

ASIC bans director who promised 150% returns

ELIZA BAVIN  |  THURSDAY, 21 MAR 2024
... Crypto Fund while unlicensed. In addition, ASIC said he held out that Panacea Capital was authorised under an Australian Financial Services Licence (AFSL) when this was not the case. ASIC found Creigh provided fact sheets to investors to induce them ...
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