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Showing 321 - 330 of 3248 results for "CRIS"

Adviser overwhelm explained

ELIZABETH MCARTHUR  |  TUESDAY, 21 SEP 2021
At the Association of Financial Advisers' annual conference, general manager of policy and professionalism Phil Anderson dived into the regulatory overwhelm facing advisers. Anderson started his speech by asking, "Who is feeling overwhelmed by the level ...

FSC suggests CSLR improvements

KARREN VERGARA  |  MONDAY, 20 SEP 2021
The Financial Services Council has highlighted numerous holes in the Compensation Scheme of Last Resort in a bid to prevent financial advisers that "have done nothing wrong" from paying for the scheme. The FSC is calling on corporate regulator ASIC ...

Wayne Swan to chair Cbus

ELIZABETH MCARTHUR  |  TUESDAY, 31 AUG 2021
Former treasurer and deputy prime minister Wayne Swan will chair $65 billion industry fund Cbus. The fund announced today that Swan would succeed long-serving chair Steve Bracks next year. Commenting on his appointment, Swan said: "I'm humbled to ...

Market momentum to continue: ASI Conference

ANNABELLE DICKSON  |  TUESDAY, 31 AUG 2021
Superannuation funds have experienced a year of stellar returns and it is set to continue with the risk of a correction unlikely in the short-term. Speaking on a panel at the Australian Institute of Superannuation Trustees (AIST) ASI 2021 conference ...

Financial adviser levy to drop

JAMIE WILLIAMSON  |  MONDAY, 30 AUG 2021
The federal government has announced the ASIC levy paid by financial advisers will revert back to 2018/19 levels for the next two years, saving the sector at least $46 million. The levy will be restored to $1142 per adviser, as was charged in 2018/19 ...

Maritime Super criticises unfair YFYS test

JAMIE WILLIAMSON  |  MONDAY, 30 AUG 2021
Ahead of the results of the inaugural Your Future, Your Super performance test, the chief executive of Maritime Super has aired concerns over the implications of communicating with members where their fund has underperformed, particularly where that ...

Industry steps up for Lifeline

ELIZABETH MCARTHUR  |  THURSDAY, 26 AUG 2021
Some financial services heavyweights have thrown their support behind Lifeline, as the pandemic, lockdowns and economic uncertainty sees mental health services stretched. Janus Henderson head of retail distribution Jordan Tang organised Berry Motorfair ...

Economic recap: Week to August 6

BENJAMIN ONG  |  MONDAY, 9 AUG 2021
At the conclusion of its August board meeting, the Reserve Bank of Australia (RBA) announced its decision to: maintain the cash rate target at 10 basis points and the interest rate on Exchange Settlement balances of 0% maintain the target of 10 basis ...

Pinnacle NPAT doubles in FY21

KANIKA SOOD  |  FRIDAY, 6 AUG 2021
Pinnacle Investment Management reported a 108% increase in net profit after tax to $67 million in FY21, after strong inflows and good performance. Its boutique partners' total FUM at June end was $89.4 billion, up 52% from FY20. The FUM has grown at ...

Ethical super could halve carbon footprint

ANNABELLE DICKSON  |  MONDAY, 2 AUG 2021
Australians could halve household emissions across the country if their superannuation was invested in an ethical option, new calculations show. Australian Ethical found that every person in Australia changing to an ethical fund was equivalent to a ...