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Showing 301 - 310 of 2595 results for "Institutions"

Adviser levy tripled, labelled "deeply unfair"

JAMIE WILLIAMSON  |  THURSDAY, 29 JUN 2023
... in our sector, yet recoveries are only $2.1 million. Financial advisers are funding litigation costs against large institutions, when the fines are going to consolidated revenue, and advisers are left with a tiny fraction of these costs being recovered," ...

Anti-hawking laws could dampen super fund advice: Academic

KARREN VERGARA  |  TUESDAY, 27 JUN 2023
... the regulation to explicitly permit trustees to include lifetime annuities. "The QAR suggestion is that financial institutions including superannuation trustees should be permitted to offer all advice and that the SoA requirements be reduced," he said. ...

Small super funds admonish APRA

ANDREW MCKEAN  |  FRIDAY, 23 JUN 2023
... financial stability, only 35% of superannuation trustees responded positively. In contrast, authorised deposit-taking institutions (ADIs) and life insurers were more favourable, with affirmative responses of 68% and 67% respectively. The survey further ...

Pengana appoints leaders for private credit division

CASSANDRA BALDINI  |  FRIDAY, 23 JUN 2023
... development and investor relations. Prior to that, he held a position at J.P. Morgan as its executive director of financial institutions and at Merrill Lynch as vice president of investment banking. He also spent over a year at National Australia Bank ...

Bank of England launches first system- wide stress test

CASSANDRA BALDINI  |  TUESDAY, 20 JUN 2023
... overnight launched its first system-wide stress test to understand the behaviours of banks and non-bank financial institutions (NBFIs) in volatile financial markets. Recent chaos across UK markets has led to the system-wide exploratory scenario (SWES) ...

ETF explainer: Understanding their structure

ANDREW MCKEAN  |  FRIDAY, 16 JUN 2023
... ETF institutional market - authorised participants and market makers. Authorised participants, typically financial institutions, manage the creation and redemption of ETF units, either transacting on their own account or on behalf of clients, primarily ...

FRAA releases draft APRA, ASIC metrics

KARREN VERGARA  |  FRIDAY, 16 JUN 2023
... that an institution might fail, and it recognises that attempting to do so would impose an unnecessary burden on institutions and the financial system," the FRAA said. ASIC on the other hand, uses a risk-based approach to direct its resources to address ...

Graduates confident about finance career prospects

JAMIE WILLIAMSON  |  THURSDAY, 15 JUN 2023
... are investing in the learning and development of their staff and are partnering with certification and educational institutions are seen as responsive to graduates' needs to further their knowledge and careers." CFA Institute surveyed almost 10,000 current ...

Industry bodies respond to QAR recommendations

KARREN VERGARA  |  TUESDAY, 13 JUN 2023
... has increased. And consumer outcomes have not improved." CHOICE was pleased with how the government omitted large institutions from providing advice for the meantime. "The recommendations that would have slashed consumer protections for advice provided ...

Treasury to scrap advice admin burdens, boosts intra-fund advice

KARREN VERGARA  |  TUESDAY, 13 JUN 2023
... removed. The exception to conflicted remuneration rules for agents or employees of Australian Authorised Deposit-Taking Institutions (Recommendation 13.5) will also be removed. Life, general and consumer credit insurance commissions (Recommendations ...