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Showing 221 - 230 of 1292 results for "Request"

ASIC abandons $500k SMSF threshold

ANDREW MCKEAN  |  FRIDAY, 9 DEC 2022
ASIC has updated guidance on SMSF advice, deciding to remove $500,000 as an indicator of the "appropriateness of advice" to establish a SMSF. ASIC hasn't opted to nominate a minimum threshold but said fund expenses are proportionality higher, and net ...

APRA, ASIC concerned over premium increases

CHLOE WALKER  |  FRIDAY, 9 DEC 2022
APRA and ASIC have asked the chief executives of life insurers to explain the continuing increases to retail insurance premiums following complaints from consumers and reportable situations. In a joint letter, the regulators said they're concerned premium ...

Latest adviser exams see 57% pass rate

CASSANDRA BALDINI  |  FRIDAY, 9 DEC 2022
... (ACER) to highlight the curriculum areas where they have underperformed," it said. Candidates can also contact ACER to request a re-mark of the written response questions. ASIC said this must be submitted by December 14. The next exam will be held on ...

ASIC commences proceedings over failure to comply

JAMIE WILLIAMSON  |  THURSDAY, 8 DEC 2022
... ASIC to require the production of documents from a person, including a company. If a person fails to comply with such a request, ASIC can certify non-compliance and seek orders form the Court compelling production in the event the Court is satisfied ...

Blackstone restricts withdrawals on US$125bn property fund

CASSANDRA BALDINI  |  FRIDAY, 2 DEC 2022
Blackstone is limiting withdrawals from its US$125 billion real estate income trust (REIT) after a sharp rise in redemption requests. The global investor said the REIT received repurchase requests exceeding both the 2% of net asset value (NAV) monthly ...

AustralianSuper botches major tech upgrade

ANDREW MCKEAN  |  TUESDAY, 29 NOV 2022
AustralianSuper has recently implemented an upgrade to its member portal and app, but some members can't access or transact on their accounts. Last week, the fund said it had identified that some pension payments hadn't been made correctly due to an ...

First Sentier names global responsible investment head

RACHEL ALEMBAKIS  |  FRIDAY, 25 NOV 2022
First Sentier Investors (FSI) has named Kate Turner its new global head of responsible investment while bolstering its responsible investment team in several markets. Based in Sydney, Turner replaces Will Oulton, who is retiring from the business at ...

AFCA secures $900m in compensation

CASSANDRA BALDINI  |  MONDAY, 21 NOV 2022
... claim handling, insurance claim amount, denial of an insurance claim (exclusion and or condition), failure to respond to a request for assistance (credit), as well as unauthorised transactions relating to deposit taking. "The past four years have demonstrated ...

ASIC bans married duo from providing financial services

ANDREW MCKEAN  |  FRIDAY, 11 NOV 2022
ASIC has banned former financial adviser Richard Thomas Marshall from providing financial services for six years, and his wife Gwenda Jean Marshall for three years for operating unlicensed and removing money from a deceased client's account. An ASIC ...

Perpetual knocks back second takeover offer

JAMIE WILLIAMSON  |  THURSDAY, 10 NOV 2022
Perpetual has rejected a second unsolicited takeover bid by the consortium led by Regal Partners. Regal Partners and BPEA Private Equity Fund VIII subsidiary Morello Pte. provided an improved proposal to acquire 100% of Perpetual for $33 a share last ...