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Showing 301 - 310 of 6170 results for "Statement"

Treasury gives Tranche 2 reform package preview

JAMIE WILLIAMSON  |  WEDNESDAY, 4 DEC 2024
The government has provided clarity on the second tranche of the Delivering Better Financial Outcomes reforms, offering more detail around what's included and confirming the remit of its 'new class of adviser.' The second package of reforms is aimed ...

GDP grows but still slow: 'Confirms our worst fears'

ELIZA BAVIN  |  WEDNESDAY, 4 DEC 2024
... the soft GDP read reflects the RBA's restrictive policy settings. "The RBA's latest forecasts from the November Statement of Monetary Policy suggest an expectation that growth will pick up to 1.5% by December 2024 before climbing to 2.3% by June ...

Trustees, advisers have 'insufficient focus' on performance

ELIZA BAVIN  |  WEDNESDAY, 4 DEC 2024
... revealed of the 29 options identified by trustees, 24 had not met the performance benchmark in the product disclosure statement for five or more years. Of those 24 options, 12 were identified under the trustees' own processes for performance monitoring. ...

Spatium partners to launch wholesale agricultural fund

MATTHEW WAI  |  WEDNESDAY, 4 DEC 2024
... deals in collaboration with Spatium Capital's expertise in the public market to deliver a 'set-and-forget' strategy, the statement said. The managed fund is also constructed and diversified to cater to a variety of client bases and will meet demand for ...

Keystone Asset Management to be wound up

JAMIE WILLIAMSON  |  TUESDAY, 3 DEC 2024
Keystone Asset Management will be liquidated, as ASIC investigates exactly what's happened to funds invested in the Shield Master Fund. Keystone Asset Management (KAM) was the responsible entity for the Shield Master Fund, the assets of which were ...

FAAA celebrates adviser excellence

MATTHEW WAI  |  FRIDAY, 29 NOV 2024
... fellow Australian achieve better financial outcomes." FAAA general manager for membership Tania Milnes echoed Abood's statement, saying the awards celebrate achievements across the wider advice profession. "The FAAA awards recognise excellence within ...

AI no silver bullet for advice process, documentation: Experts

KARREN VERGARA  |  FRIDAY, 29 NOV 2024
... innovation that has come about in the last 10 months has been phenomenal," he said. Copilot, for example, can turn a 25-page Statement of Advice (SoA) into a PowerPoint presentation that can be used with the client within minutes. "But the most important ...

Swan hits back at Bragg: 'That's wrong of you'

ELIZA BAVIN  |  FRIDAY, 29 NOV 2024
... around $2.3 million to unions, implying that the fund was paying the union or its members. Swan disagreed with that statement, saying the fund only makes payments under partnership agreements, or to directors who are also union members. "We haven't ...

Macquarie fined $25m over 400 fake trades

MATTHEW WAI  |  WEDNESDAY, 27 NOV 2024
... October 2018. Macquarie detected the issue on 23 February 2022 and reported the misconduct. Macquarie Group issued a statement stating the organisation takes these matters very seriously and has been co-operating with the investigation. "We have focussed ...

Inconsistencies abound in Future Fund mandate change: Deloitte

JAMIE WILLIAMSON  |  TUESDAY, 26 NOV 2024
... questions than they answer. Last week, Treasury issued the $230 billion Future Fund with a new investment mandate and Statement of Expectations, requiring the sovereign wealth fund to invest with particular regard to Australia's national priorities - ...