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Showing 391 - 400 of 2042 results for "EIT"

Shoddy exam feedback fuels adviser stress

KARREN VERGARA  |  WEDNESDAY, 22 DEC 2021
Financial advisers who failed the mandatory examination multiple times are slamming FASEA's feedback process, claiming it is inconsistent and fails to help them stay in the industry. As the failure rate continues to balloon, advisers making genuine ...

De Ferrari returns to Credit Suisse

KARREN VERGARA  |  TUESDAY, 14 DEC 2021
Francesco De Ferrari will return to his old hunting ground after finishing up at AMP in June. De Ferrari has signed on to become the chief executive of the Credit Suisse's wealth management division as of 1 January 2022. He also assumes the role of ...

Domestic bias swells for HNWIs

KARREN VERGARA  |  MONDAY, 13 DEC 2021
Cash, and local equities and property continue to be the preferred asset classes of the rich, according to a new report. High-net-worth individuals' love affair with domestic shares jumped from 56.4% three years ago to 73.4% in 2021, Crestone Wealth ...

More advisers fail FASEA exam

KARREN VERGARA  |  FRIDAY, 10 DEC 2021
Only half of the financial advisers who sat the November exam passed, making this the lowest pass rate on record. Fifty-two percent of the 2129 advisers who sat the Financial Adviser Standards and Ethics Authority exam were successful. The pass rate ...

One in three crypto owners to switch banks

ELIZABETH MCARTHUR  |  FRIDAY, 10 DEC 2021
A survey of Australian cryptocurrency owners, conducted by Visa, has revealed one in three plan to switch banks to one that offers crypto products. The survey of more than 790 financial decision makers across Australia found 33% of crypto owners are ...

ISPT on track to carbon positive

KARREN VERGARA  |  WEDNESDAY, 8 DEC 2021
ISPT is closer to becoming carbon positive by 2025 by surrendering 97,000 Australian Carbon Credit Units. One ACCU represents one metric tonne of carbon dioxide equivalent, which is either stored or avoided by a project registered with the federal government's ...

New financial crisis standards proposed

JAMIE WILLIAMSON  |  THURSDAY, 2 DEC 2021
APRA is consulting on two new prudential standards aimed at strengthening how entities, including superannuation trustees, respond to financial crises. CPS 190 Financial Contingency Planning (CPS 190) and CPS 900 Resolution Planning (CPS 900) are the ...

Backlash after 'unprecedented' ASIC action against Westpac

ELIZABETH MCARTHUR  |  THURSDAY, 2 DEC 2021
An industry group for independent financial advisers and lawyers have come out criticising Westpac over the six cases brought against it by ASIC. Slater and Gordon Lawyers is calling on Westpac to 'walk the talk', after Westpac's chief executive Peter ...

Retirees require 3.3% drawdown: Research

KARREN VERGARA  |  WEDNESDAY, 1 DEC 2021
New Morningstar research recommends retirees should drop the 4% withdrawal rate to 3.3% for a balanced portfolio. Using the 3.3% rate over a 30-year time horizon, Morningstar found that newly minted retirees cannot safely withdraw 4% of their initial ...

Australians look to gift crypto assets

KARREN VERGARA  |  WEDNESDAY, 17 NOV 2021
More Australians can expect a crypto-centric gift in their Christmas stockings this year, a new survey shows, which examines the growing appetite for crypto assets. Over half of the 2000 Australians surveyed by Crypto.com are considering bitcoin and ...