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Showing 331 - 340 of 6196 results for "Statement"

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 - ...

ASX says CHESS Release 2 costs to hit $320m

ELIZA BAVIN  |  TUESDAY, 26 NOV 2024
ASX shareholders have been warned that the CHESS Release 2 will cost between $270 million to $320 million. The second release has an implementation target of 2029 as the ASX continues to work towards the delivery of Release 1 by 2026. The ASX also warned ...

ASIC flags regulatory guide updates for 2025

ELIZA BAVIN  |  TUESDAY, 26 NOV 2024
The Australian Securities and Investments Commission (ASIC) has announced it intends to update some key regulatory guides in 2025. ASIC said it regularly reviews and updates regulatory guides to ensure they remain simple to follow, effective, current ...

Adviser suspended over wrongful use of ROAs

JAMIE WILLIAMSON  |  MONDAY, 25 NOV 2024
A Matrix Planning Solutions adviser is suspended from providing advice for the next three months after failing to supply Statements of Advice (SOAs) where required. Ian Reid, the principal adviser at Temora's A&B Financial Planning, was suspended for ...

Future Fund to back energy transition, residential housing

JAMIE WILLIAMSON  |  THURSDAY, 21 NOV 2024
... housing, and infrastructure. The $230 billion sovereign wealth fund has been provided with a new investment mandate and statement of expectations, with the government opting to defer drawing down on the fund until at least FY33. This is to allow the ...