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Showing 3081 - 3090 of 18263 results for "Plan"

FSC releases two new standards

KARREN VERGARA  |  FRIDAY, 17 DEC 2021
The Financial Services Council released two new standards, one of which helps members abide by the newly mandated advice fee consent requirements. FSC members will need to comply with FSC Guidance Note No. 43 from 1 January 2022, which was constructed ...

Disqualified adviser convicted of managing company

KARREN VERGARA  |  FRIDAY, 17 DEC 2021
A former ANZ and Commonwealth Bank financial adviser who defrauded clients $6 million has been convicted of managing a corporation while disqualified. Melinda Scott, who was banned from managing corporations for 25 years until 2 December 2037, set up ...

Adviser population drops below 19,000

KARREN VERGARA  |  FRIDAY, 17 DEC 2021
The financial advice industry lost more than 2200 advisers this year, marking an 11% year-on-year drop to 18,822. Rainmaker modelling of ASIC's Financial Adviser Register reveals that only 18,822 advisers are left as of yesterday, December 16. At ...

Government backflips on adviser education

ELIZABETH MCARTHUR  |  FRIDAY, 17 DEC 2021
Not long after Labor suggested it would not require older financial advisers to get degrees, the Liberal party has now backflipped on education standards to match Labor's policy. Minister for superannuation, financial services and the digital economy ...

MySuper heatmap offers few surprises

JAMIE WILLIAMSON  |  FRIDAY, 17 DEC 2021
... Employer Super came the closest to passing with a score of 0.60%. Of those that passed, TWUSUPER (-0.47%), Westpac Group Plan MySuper (-0.46%), Mine Super's default lifecycle option (-0.44%) and Rest (-0.43%) came the closest to failing. Incitec Pivot ...

Choice products not so choice: APRA

CHLOE WALKER, KARREN VERGARA  |  FRIDAY, 17 DEC 2021
... Aware Super Personalised Diversified Socially Responsible Investment option failed by 0.74% p.a., so did its Tailored Super Plan - Balanced Fund (-0.91% p.a.) and Tailored Super Plan - Growth Fund (-1.14% p.a). Choice products offered by Colonial First ...

What you read in 2021

JAMIE WILLIAMSON  |  FRIDAY, 17 DEC 2021
In another year of lockdowns and uncertainty, Financial Standard 's most read stories show all eyes were on the changing nature of the superannuation sector. Industry consolidation and the Your Future, Your Super performance test underscore the ...

MLC Life adds to retail distribution team

JAMIE WILLIAMSON  |  THURSDAY, 16 DEC 2021
The life insurer has made a series of appointments to its retail distribution team in the hopes of strengthening its licensee and adviser relationships. Four new additions have been made, reporting to general manager of retail distribution partnerships ...

Shareholders reject Westpac remuneration report

KARREN VERGARA  |  THURSDAY, 16 DEC 2021
... assured, remedial action has been instituted by the board and management to improve performance going forward, including a plan to reduce costs materially over the next three years without jeopardising investment in infrastructure and revenue." Westpac ...

Kelly Partners acquires Canberra firm

CHLOE WALKER  |  THURSDAY, 16 DEC 2021
Kelly Partners Group (KPG) has announced the acquisition of a Canberra firm with $1.1 million revenue. The accounting practice was acquired through Kelly Partners Canberra. The business will relocate to Kelly Partners Canberra's offices. It's ...