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Showing 11 - 20 of 205 results for sanction

Financial adviser registration delayed

ANDREW MCKEAN  |  THURSDAY, 3 NOV 2022
The government has said it will delay the financial adviser registration requirement until 1 July 2023. The Financial Sector Reform (Hayne Royal Commission response - Better Advice) Act 2021 introduced a central registration requirement for financial ...

FSC adds to Life Insurance Code of Practice

CHLOE WALKER  |  TUESDAY, 25 OCT 2022
... the new Life Code, meaning there will be independent oversight by the Life Code Compliance Committee and the power to sanction Code subscribers who do not comply," Briggs said.

Nowhere has there been more change than super: Byres

ANDREW MCKEAN  |  THURSDAY, 20 OCT 2022
Departing APRA chair Wayne Byres has made parting shot at the superannuation sector, saying one of the things he is most proud of is the increased transparency the regulator has driven in an industry where "self-interest can sometimes outweigh member ...

BlackRock unveils new iShares ETF

CHLOE WALKER  |  MONDAY, 5 SEP 2022
The global fund manager is broadening its Australian fixed income ETF range with the launch of the iShares Global Aggregate Bond ESG AUD Hedged ETF (AESG). Priced at 19 basis points, the AESG ETF offers Australian investors access to a globally diversified ...

BlackRock shutters Russia ETF

JAMIE WILLIAMSON  |  FRIDAY, 5 AUG 2022
BlackRock has started the process of liquidating its iShares MSCI Russia ETF. The asset manager intends to commence liquidation of the ETF on August 17 by distributing its current liquid assets to shareholders while retaining a reserve to meet costs. ...

Former adviser charged over faked books

CHLOE WALKER  |  TUESDAY, 28 JUN 2022
... services law in future for reasons including that he did so while licensed under two different groups. Commenting on the sanction, ASIC commissioner Danielle Press said: "Financial advisers have a critical role to play in helping consumers make confident ...

No place for crypto in insto portfolios: PGIM

JAMIE WILLIAMSON  |  FRIDAY, 20 MAY 2022
PGIM has made clear its thoughts on cryptocurrency, labelling it 'portfolio kryptonite' and saying it adds little to institutional investment portfolios other than a whole lot of risk. In its latest Megatrends paper, investment professionals from across ...

Yellen forebodes stagflation risks

ANDREW MCKEAN  |  THURSDAY, 19 MAY 2022
In Bonn, Germany, US secretary of the treasury Janet Yellen has called the global economic outlook challenging and uncertain; stagflation effects have depressed output and spending, she added. Yellen said the US understood when Russia invaded Ukraine ...

Pain of commodity price increases to last: World Bank

JAMIE WILLIAMSON  |  WEDNESDAY, 27 APR 2022
In its latest commodity markets outlook, the World Bank has warned prices will likely remain high through to the end of 2024 and the transition to cleaner energy may be delayed. It comes as latest Australian Bureau of Statistics data shows the largest ...

J.P. Morgan's net income falls 42%

ANDREW MCKEAN  |  THURSDAY, 14 APR 2022
J.P. Morgan posted a US$8.3 billion net income, a 42% year-on-year drop which missed analyst expectations. The poor result was attributed to a net credit reserve build of $US902 million compared to a net credit reserve release of US$5.2 billion in the ...