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Showing 511 - 520 of 6172 results for "Statement"

Clime IM doubles down on strategy, taps into AI

ANDREW MCKEAN  |  MONDAY, 30 OCT 2023
... quarter. Its funds under advice (FUA) settled at $4.3 billion, indicative of a 2% quarter-over-quarter contraction. In a statement, Clime noted that the transition into a private wealth business has required a rationalisation of non-core services and ...

Federal Court freezes assets of pension platform

CASSANDRA BALDINI  |  MONDAY, 30 OCT 2023
ASIC has obtained interim orders from the Federal Court to freeze the funds and assets of Brite Advisors (Brite), a specialist in moving private UK pension savings offshore. The global advisory, pension administration and asset management provider came ...

Russell Investments executes local leadership revamp

ANDREW MCKEAN  |  THURSDAY, 26 OCT 2023
... operations, as demand for client-driven solutions surges in both institutional and retail sectors, according to a company statement. Meanwhile, Pete Gunning, a seasoned executive with 27 years at Russell Investments, has made a return to the role of ...

ASIC's pursuit of Mayfair 101 founder faces setback

JAMIE WILLIAMSON  |  THURSDAY, 26 OCT 2023
The corporate regulator's bid to run an expanded case against Mayfair 101's James Mawhinney was rejected by the Federal Court yesterday, with the judge saying fresh claims brought by ASIC would place Mawhinney in "significantly greater jeopardy." Having ...

ASIC loses case against Diversa

JAMIE WILLIAMSON  |  TUESDAY, 24 OCT 2023
... trustees emphasising the importance of risk management when dealing with third-party providers and others." Meantime, in a statement to Financial Standard, Diversa said it welcomed the judgment. "Differences of opinion occur from time to time, however ...

ASIC bans former PwC partner over tax scandal

CASSANDRA BALDINI  |  MONDAY, 23 OCT 2023
Disgraced former PwC head of international tax Peter-John Collins has been banned from providing financial services or controlling an entity that carries on a financial services business for eight years. At the start of the year, Collins was barred ...

ASIC updates breach reporting rules

KARREN VERGARA  |  FRIDAY, 20 OCT 2023
... provides examples of when reportable situations would no longer automatically be deemed "significant". One example is if a Statement of Advice (SoA) given to a client has an error that the financial adviser rectifies with the client promptly and involves ...

AAT overturns ASIC ban on investment guru

CASSANDRA BALDINI  |  FRIDAY, 20 OCT 2023
... financial services licence". These statements have been removed at the regulator's request. Nonetheless, in her statement, she acknowledged that she couldn't recall and couldn't be certain about how that phrase came to be used and repeatedly ...

Lack of income stream drags local retirement system: Report

JAMIE WILLIAMSON  |  WEDNESDAY, 18 OCT 2023
Australia's retirement system has received a B+ grade in a study of nearly 50 nations, with the lack of a compulsory retirement income stream being what holds it back. The latest Mercer CFA Institute Global Pension Index sees Australia placed fifth ...

Crypto exchanges to obey financial services rulebook

ANDREW MCKEAN  |  MONDAY, 16 OCT 2023
... a compensation mechanism for retail clients who incur loss or damage due to breaches of AFSL obligations. In a joint statement, treasurer Jim Chalmers and assistant treasurer Stephen Jones highlighted that digital asset platforms will also adhere to ...