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Showing 371 - 380 of 5371 results for "Association"

Inflation pummels adviser pay by 20%

KARREN VERGARA  |  WEDNESDAY, 10 JUL 2024
... have a negative impact attracting university students and new entrants to the industry?" he said. Financial Advice Association Australia (FAAA) data shows that only 312 advisers entered the profession in 2023. "We've lost a lot of experienced advisers ...

Adviser permanently banned for faking qualifications

JAMIE WILLIAMSON  |  TUESDAY, 9 JUL 2024
... provided advice in 2018. According to the ASIC FAR, Vee did not meet his CPD requirements in 2022. He was a member of the Association of Financial Advisers, it shows. ASIC determined he was not fit and proper, nor adequately trained and competent, to ...

ASIC levy to slug advisers $48.4m

KARREN VERGARA  |  TUESDAY, 9 JUL 2024
... to fork out $65.65 million, while market infrastructure and intermediaries will pay $64.1 million. Financial Advice Association Australia (FAAA) chief executive Sarah Abood said at first glance it seems the ASIC levy per adviser will not move much for ...

First advice reform bill passes parliament

KARREN VERGARA  |  FRIDAY, 5 JUL 2024
... feared leaving section 99FA as is would result in more work for advisers and super funds. Financial Advice Australia Association chief executive Sarah Abood said the changes to the wording of section 99FA are a positive step. "It confirms that there ...

Panel declares 'unacceptable circumstances' for Sequoia

KARREN VERGARA  |  TUESDAY, 2 JUL 2024
... affairs". They allegedly failed to fully disclose the identity of those they are associated with; the nature of their association; and the extent of their collective voting power in Sequoia. They also purchased additional Sequoia shares resulting in ...

Retirement Income Covenant still weak: APRA, ASIC

KARREN VERGARA  |  TUESDAY, 2 JUL 2024
... effective success metrics, how can trustees know that their strategies are working? Members deserve better," she said. The Association of Superannuation Funds of Australia (ASFA) said it "acknowledges funds' prioritisation of the covenant's implementation ...

New recruits top advice industry priority: FAAA

KARREN VERGARA  |  FRIDAY, 28 JUN 2024
... business and puts financial advice further out of reach for Australians. The latest figures from the Financial Advice Association Australia (FAAA) show that only 312 advisers entered the profession in 2023. FAAA chief executive Sarah Abood told a media ...

Carlyle, Goldman Sachs give $1.6bn boost to Apex

JAMIE WILLIAMSON  |  THURSDAY, 27 JUN 2024
... and administration in Australia, rising almost 17% since June 2023. According to the Australian Custodial Services Association, this pegs Apex as the seventh largest custodian and administrator in the nation. However, it's possible Apex has since moved ...

New NALE rules, AFCA's super powers passed

KARREN VERGARA  |  THURSDAY, 27 JUN 2024
... industry has been lobbying for change but seemed to have "fallen on deaf ears". That is until yesterday, in which the Association of Superannuation Funds of Australia (ASFA) chief executive Mary Delahunty welcomed the changes she described as "sensible ...

Nominations open for FS Power50

STAFF WRITER  |  TUESDAY, 25 JUN 2024
Nominations for the 2024 Financial Standard Power50 are now open as we recognise the country's most influential advisers who continue to raise the standards for the profession and provide outstanding service to clients and the wider community. This ...