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Showing 221 - 230 of 1132 results for "Representatives"

Pain ahead for super trustees on unlisted valuations

KANIKA SOOD  |  MONDAY, 6 SEP 2021
... devaluations on the back of advice from external valuers and investment managers. In August 2020, the House of Representatives Standing Committee on Economics public hearing questioned APRA's Wayne Byres and Helen Rowell on what the regulator was ...

Adviser support services a boon for Sequoia

KARREN VERGARA  |  TUESDAY, 24 AUG 2021
... revenues in the last two years. Sequoia's wealth division, which provides licensee services to over 400 authorised representatives, generated $55.3 million in revenues in FY21, rising from $40.6 million in the year prior. Compared to FY19, revenues of ...

Bragg renews calls for Future Fund to manage super

KANIKA SOOD  |  FRIDAY, 20 AUG 2021
... labelled the idea "facile" and "illiberal". "This illiberal idea is inconsistent with the recently announced House of Representatives inquiry into concentration and common ownership in the Australian share market and would exacerbate the very issues ...

Single disciplinary body consultation opens

KARREN VERGARA  |  FRIDAY, 6 AUG 2021
... Better Advice) Bill 2021 (Better Advice Bill) was introduced in parliament on June 24. It passed the House of Representatives on August 4. It brings to life Recommendation 2.10 from the Hayne Royal Commission to establish a new disciplinary system for ...

Centrepoint names chief executive

KARREN VERGARA  |  WEDNESDAY, 4 AUG 2021
... services." As a provider of advice and business services to financial advisers, Centrepoint had over 70 authorised representatives at the end of FY21.

Former Millennium3 representatives cop ban

KARREN VERGARA  |  TUESDAY, 3 AUG 2021
... duo after an investigation found that they failed to ensure that NCFS complied with financial services law; its representatives also failed to abide by Millennium3's compliance manual. Further, ASIC determined they did not supervise and monitor the practice ...

Financial Masterplan advisers banned

ANNABELLE DICKSON  |  TUESDAY, 3 AUG 2021
... financial services and thus were not compliant with financial services laws. Allan and Urrutia were authorised representatives of Financial Masterplan from 24 June 2016 until 25 May 2021 and were involved in the activities of Vision Wealth Group, a corporate ...

Super, fund manager ASX dominance launches inquiry

KARREN VERGARA  |  MONDAY, 2 AUG 2021
... big super's domination over the Australian sharemarket is stifling competition. This morning, the House of Representatives Standing Committee on Economics announced the launch of the Inquiry into the implications of common ownership on Australia's ...

Super, ASIC beneficiaries of advice challenges: Hearing

JAMIE WILLIAMSON  |  FRIDAY, 30 JUL 2021
... director Nathan Jacobsen, who explained how such changes had led to the licensee losing about 160 of its authorised representatives in FY21. Of those, 90% left the industry but only 30% retired, he said, adding that many were accountants offering SMSF ...

AFCA weeds out phony complaints

ELIZABETH MCARTHUR  |  FRIDAY, 30 JUL 2021
... the complaint, on the basis that it would be too expensive not to. And, he said this issue is compounded by paid representatives who put "unreasonable pressure" on AFCA members. Financial Standard previously reported on one such service, Remediator ...