Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 331 - 340 of 1944 results for "Proposal"

ClearView abandons potential takeover transactions

ANDREW MCKEAN  |  WEDNESDAY, 2 NOV 2022
... control transaction. ClearView said several parties took part in a due diligence process with the view to submit a takeover proposal. However, the ClearView board has determined that it didn't receive any proposals as part of the strategic review that ...

Government scraps legacy tax, super measures

JAMIE WILLIAMSON  |  WEDNESDAY, 26 OCT 2022
... pronouncement, it is pleasing to see that it has officially been axed." The final measure to be vetoed is the 2018-19 Budget proposal to introduce a requirement for retirement income product providers to report standardised metrics in product disclosure ...

Advice fees jump 16% in FY22

CASSANDRA BALDINI  |  FRIDAY, 21 OCT 2022
Initial advice fees charged by financial advisers on a per advice document basis increased 16% in FY22 to $3315 from $2859 the previous year. According to the Padua Advice Fee Data Report, FY 2022 ongoing advice fees charged by advisers on a per advice ...

QAR could see 12% increase in insured Aussies

CHLOE WALKER  |  THURSDAY, 20 OCT 2022
According to research commissioned by the Financial Services Council (FSC), the introduction of a scalable advice model for life insurance would see more than a million Australians have the life insurance cover they need. Research by NMG Consulting ...

Link seeks to offload Fund Solutions

ANDREW MCKEAN  |  THURSDAY, 20 OCT 2022
... approximately $519 million. Subsequently, Dye & Durham revised its takeover offer, stating that it developed a revised proposal that was structures as an upfront cash payment of $3.81 per Link Group share to Link shareholders on the implementation of ...

Fed seeks feedback on rules to resolve large bank failures

ANDREW MCKEAN  |  MONDAY, 17 OCT 2022
... financial system when they experience financial distress, I am encouraged that the board is seeking comment on an advance proposal to improve their resolvability through long-term debt requirements," she said. In a Federal Register notice, Resolution-Related ...

Piecemeal super taxes won't fix budget deficit: FSC

ANDREW MCKEAN  |  FRIDAY, 14 OCT 2022
Financial Services Council (FSC) research shows that proposed increases to super taxes will not deliver a sustainable Federal Budget position. The FSC engaged DeltaPearl Partners to perform economic modelling of six possible measures adjusting the current ...

Choice performance test pause in members' best interests: Chant West

CASSANDRA BALDINI  |  FRIDAY, 14 OCT 2022
... recent proposals paper, Zenith Investment Partners chief executive David Wright said he is not satisfied with Levy's proposal to deregulate general advice. "As an investment research business, we are supportive of the QAR and its objectives. We remain ...

Throw out financial services law clutter: ALRC

ANDREW MCKEAN  |  WEDNESDAY, 5 OCT 2022
The Australian Law Reform Commission's (ALRC) second interim report to reduce complexity in financial services legislation proposes an alternative model that's more coherent and principled, and "embraces minimalism." The ALRC's proposed legislative ...

UK regulator to inspect advice and guidance rules

CASSANDRA BALDINI  |  TUESDAY, 4 OCT 2022
... believed necessary to revitalise the advice sector, making it more affordable and accessible. Levy said so far the draft proposal feedback has been mostly positive but there is still work to do in making the sector balanced. Equally, Pritchard conceded ...