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

Search Results

Showing 3581 - 3590 of 28255 results for "NOT"

Regulators begin FAR consultation

CHLOE WALKER  |  THURSDAY, 20 JUL 2023
APRA and ASIC have commenced an early consultation on the Financial Accountability Regime (FAR), calling for input from ADIs, insurers and super trustees. Together, the regulators have released key materials for consultation to support the timely implementation ...

Wealth management ecosystem at critical inflection point: Citi

ANDREW MCKEAN  |  THURSDAY, 20 JUL 2023
... transform their business and operating models. "The wealth management industry is at a crossroads, where doing nothing is not an option and transformation is essential to remain competitive," the report said. "The industry faces a number of challenges ...

AMP's largest super option yields 9.1% return

ANDREW MCKEAN  |  WEDNESDAY, 19 JUL 2023
AMP has delivered a return of 9.1% for members of its biggest superannuation product. The AMP MySuper 1970s investment option returned 9.1% for the financial year ending 30 June 2023. The lifecycle superannuation option, which uses a balanced growth ...

Equip Super sets sights on being different

JAMIE WILLIAMSON  |  WEDNESDAY, 19 JUL 2023
... will take our time to find inorganic growth opportunities that deliver the right outcomes for our members." The fund is also not pursuing growth for growth's sake, Scott added. "We aspire to be a different type of fund-one that's big enough to ...

ASIC cancels FTX Australia's licence

CASSANDRA BALDINI  |  WEDNESDAY, 19 JUL 2023
... voluntary administrators of FTX Australia and its subsidiary, FTX Express Pty Ltd, which operates a digital currency exchange not regulated by ASIC. In the US, FTX Trading, West Real Shires Services (trading as FTX US) and other affiliated companies ...

ASIC slaps interim stop order on ClearView

KARREN VERGARA  |  WEDNESDAY, 19 JUL 2023
... for certain classes of consumers. It is the first interim stop order issued by ASIC on a life insurance product. The TMD did not specify any meaningful distribution conditions to ensure that it would be distributed to consumers in the target market and ...

PE success all about fund selection: Rest

CASSANDRA BALDINI  |  WEDNESDAY, 19 JUL 2023
... versus private debt debate, Pasika said it's important to remember the two aren't entirely comparable. "You're not necessarily looking at the same company and asking if you should invest in debt or equity, there are fundamentally different ...

InvestSense welcomes distribution lead

CHLOE WALKER  |  WEDNESDAY, 19 JUL 2023
... using managed accounts in their client portfolios. "Financial advisers are increasingly seeking investment solutions that not only fulfill compliance obligations but also energise their clients' portfolios," he said. "Managed account structures allow ...

Advisers' experience stands at 14.5 years

KARREN VERGARA  |  WEDNESDAY, 19 JUL 2023
... advice" he said. Jones ambitiously predicted that the drooping 16,000 pool of advisers will reach 30,000 again. "But we're not going to get there in two years or five years' time. We've just got to be pragmatic about that and understand the pathways ...

UniSuper rides tech tailwinds to strong returns

JAMIE WILLIAMSON  |  TUESDAY, 18 JUL 2023
... CHESS system has been a debacle from the outset, with ASX management over-promising and under-delivering. History is generally not kind to "big bang" strategies using unproven technologies and the CHESS replacement project was just that," Pearce said. ...