Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 271 - 280 of 1024 results for "SOA"

Chief economist update: Plenty of oil

BENJAMIN ONG  |  WEDNESDAY, 18 SEP 2019
Oil prices soared after a drone attack on September 14 on Saudi Arabia's Abqaiq oil-processing plant (estimated to produce around 5% of global oil supply). WTI and Brent crude oil prices jumped by 14.6%, to US$62.88 per barrel and US$69.03/barrel ...

Chief executive bonuses unscathed by public perception

ELIZA BAVIN  |  TUESDAY, 17 SEP 2019
Declining public trust in the post-Royal Commission world was not enough to dampen executive pay packets, with over half of ASX100 chief executives receiving at least 70% of their maximum entitlement. A report from the Australian Council of Superannuation ...

Industry Fund Services adopts regtech solution

KRISTI CHENG  |  FRIDAY, 13 SEP 2019
... one of the first licensees to use a machine learning AI platform to conduct reviews of the entire client file, not just the SOA, thereby further reducing the risk of error, it said. IFS chief executive Cath Bowtell said the new partnership will reduce ...

Best online brokers revealed

ELIZABETH MCARTHUR  |  THURSDAY, 22 AUG 2019
New research from Investment Trends has revealed the online brokers with the most satisfied customers in Australia. Bell Direct, CMC Markets and SelfWealth clients report the most satisfaction with their online broker. Bell Direct ranked first with ...

Intiger makes global operations head redundant

KARREN VERGARA  |  MONDAY, 29 JUL 2019
... Flagship software BOOM has rolled out new features, including a new advice request process, API for third-party integration, SOA quality checking system and an improved online fact find.

Chief economist update: Thrilla in Osaka

BENJAMIN ONG  |  TUESDAY, 25 JUN 2019
Financial markets action over the past few days leading up to the June G20 meeting in Osaka - where the main game is between the trade talks between the two biggest economies in the world, the United States and the People's Republic of China - suggests ...

Chief economist update: China and the spring in its step

BENJAMIN ONG  |  THURSDAY, 18 APR 2019
"I glanced out the window at the signs of spring. The sky was almost blue, the trees were almost budding, the sun was almost bright." This quote from American screenwriter and novelist Millard Kaufman came to mind when I read about China's recent ...

Former Millennium3 adviser banned

ELIZABETH MCARTHUR  |  WEDNESDAY, 17 APR 2019
... disclosed fees in percentage terms rather than dollar values, failing to comply with the requirements for a Statement of Advice (SOA). Forster was an authorised representative of now-defunct Breakaway Finance Group from 2012 to 2014. Forster then moved ...

Major advice licensee in possible best interest breach

JAMIE WILLIAMSON  |  THURSDAY, 4 APR 2019
... failed to demonstrate compliance with the best interest duty and related obligations. The watchdog found Statement of Advice (SOA) documents used by the group contained heavily templated wording and many files lacked evidence to support adviser recommendations ...

Sunsuper introduces advice fee caps

JAMIE WILLIAMSON  |  THURSDAY, 28 FEB 2019
Sunsuper has introduced financial advice fee caps to combat unnecessary balance erosion, further ensuring the Sole Purpose Test is met. From this week, the $60 billion industry fund has capped the fees payable to a financial adviser via a clients' ...