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| | | Perpetual has ended KKR's courtship of its wealth management and corporate trust operations, blaming the massive tax bill the transaction would incur, saying there was no way of getting around it. Since tabulating the tax implications last December ... |
| | | | ASIC is proposing additional relief for financial services businesses, which would scrap the need to report minor or technical breaches that don't result in a financial loss. The relief is intended to ease the compliance load on financial services ... |
| | | | AustralianSuper has called for a modernised tax system, warning that without reform super funds will at the very least be bogged down by complexity and compliance costs - and likely left at a competitive disadvantage that could drag on returns. In its ... |
| | | | ... worth of shares. Additionally, in September last year portfolio managers for the WAM Leaders Fund admitted they "got the call wrong" when they took a 4% stake in Star back in 2023. |
| | | | The Reserve Bank of Australia (RBA) is expected to deliver its first interest rate cut since November 2020 when the board meets tomorrow. However, while most of the market is expecting a regular 0.25% cut, Betashares chief economist David Bassanese ... |
| | | | ... to engage a broad range of superannuation stakeholders or governance experts. "Disappointingly, the chair did not open or call for submissions seeking views on the governance and operations of superannuation funds to inform this interim report and the ... |
| | | | ... philosophy and an insurance philosophy, a retirement philosophy should "link back to the types of strategies and products you will call on, so you aren't reinventing the wheel for every new client." To reiterate the importance of shifting focus to ... |
| | | | ... the precipice of dying, attention to detail is crucial, every day is of great importance." Glezer explained that he had to call TAL, the underwriters, because he'd lost all trust in the people he was dealing with at Rest. Although they said the income ... |
| | | | Australians overwhelmingly distrust the government on superannuation taxes and are wary of placing their confidence in the opposition, according to a new nationwide poll. The nationally representative poll, commissioned by the Financial Services Council ... |
| | | | The federal government is backtracking on one key financial adviser education requirement by scrapping the list of approved qualifications and proposing to allow any bachelor's degree or higher. Assistant treasurer Stephen Jones this morning announced ... |
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