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Showing 351 - 360 of 4276 results for "Yesterday"

Industry responds to heatmap findings

CHLOE WALKER  |  FRIDAY, 17 DEC 2021
... the accuracy of the regulator's process. The release of the APRA heatmaps for MySuper and Choice investment products yesterday has underscored the importance of ensuring consumers can access affordable financial advice that considers their investment ...

Adviser population drops below 19,000

KARREN VERGARA  |  FRIDAY, 17 DEC 2021
... 18,822. Rainmaker modelling of ASIC's Financial Adviser Register reveals that only 18,822 advisers are left as of yesterday, December 16. At the beginning of 2021, there were 21,103 practising advisers and precisely 2286 left the industry throughout ...

Government backflips on adviser education

ELIZABETH MCARTHUR  |  FRIDAY, 17 DEC 2021
... achieve the intention of the FASEA reforms "without micro-managing advisers, universities, students and businesses." Yesterday, the government released for consultation the draft terms of reference for the Quality of Advice Review, which will consider ...

MySuper heatmap offers few surprises

JAMIE WILLIAMSON  |  FRIDAY, 17 DEC 2021
... that failed the performance test. The regulator has also shared which funds came close to failing the test. Released yesterday, the heatmap shows it is largely those funds that failed the inaugural performance test earlier this year that also underperformed ...

Shareholders reject Westpac remuneration report

KARREN VERGARA  |  THURSDAY, 16 DEC 2021
Disgruntled Westpac shareholders rejected the remuneration report at the bank's annual general meeting yesterday. Twenty-nine percent of shareholders voted down adopting the remuneration report, marking the first strike. Should 25% or more shareholders ...

Frydenberg pledges to move on crypto regulation

CHLOE WALKER  |  THURSDAY, 9 DEC 2021
... move forward with new crypto asset reforms in 2022. In a speech to the Australian-Israel Chamber of Commerce (AICC) yesterday, the Federal Treasurer described the move as the most significant update to Australia's payments system in 25 years. "For consumers ...

Financial Advice Hub goes live

KARREN VERGARA  |  WEDNESDAY, 8 DEC 2021
... the benefit went to each financial year. ASIC updates the report at the beginning of each month. The report published yesterday captures JobKeeper information disclosed up until 30 November 2021. Financial services firm listed in the report include Pinnacle ...

Clime partners for $330m SMAs

KARREN VERGARA  |  FRIDAY, 3 DEC 2021
... Michael Kollo. They replaced Peter Beaumont and Brett Spork who left suddenly in September. At the annual general meeting yesterday, shareholders approved the re-election of the trio, the adoption of the remuneration report and the increase in non-executive ...

Government fails to prioritise $450 threshold

ELIZABETH MCARTHUR  |  FRIDAY, 3 DEC 2021
... commitment in the Women's Budget Statement. The omnibus bill in which the legislation is outlined was up for debate yesterday but ultimately left hanging. Women are more likely to be working part-time and therefore earning less than $450 a month. ...

CFS targets adviser market

KARREN VERGARA  |  THURSDAY, 2 DEC 2021
... bigger slice of the financial adviser market. Upon announcing that Commonwealth Bank relinquished its 55% stake as of yesterday, CFS unveiled its grand plan to transform operationally to service the ever-changing needs of its adviser clients. CFS chief ...