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

Search Results

Showing 561 - 570 of 6172 results for "Statement"

Advisers embrace less back-office burden

KARREN VERGARA  |  FRIDAY, 23 JUN 2023
... Some of the QAR recommendations assistant treasurer Stephen Jones flagged he will adopt include the replacement of the Statement of Advice (SoAs) with an advice record that is more fit-for-purpose. Financial Service Guides (FSGs) will be provided with ...

Advance Asset Management ceases direct distribution

JAMIE WILLIAMSON  |  WEDNESDAY, 21 JUN 2023
... platform and that the change is being made to simplify the application process and future distribution strategy. In a statement to Financial Standard, Mercer said the change in distribution strategy follows a recent review of the products and was deemed ...

Forrests boost Minderoo by $5bn

CHLOE WALKER  |  WEDNESDAY, 21 JUN 2023
... foundation's endowment to about $7.6 billion, allowing it to "help meet the huge challenges society and humanity face." In a statement, the Forrests said the donation will see Minderoo provide more significant support in a focused manner, empower its ...

High value investors playing it safe: Report

CHLOE WALKER  |  TUESDAY, 20 JUN 2023
Defined as the top 10% of investors by wealth and trading volume, high value investors (HVIs) have shifted their appetites when it comes to financial risk, according to the ASX Australian Investor Study 2023. While the report noted an even distribution ...

Labor advances super performance test changes

KARREN VERGARA  |  MONDAY, 19 JUN 2023
... harm for many Australians who have made an active decision about how to invest their retirement savings," AMP said in a statement. AMP sees the application of a one-size-fits-all testing methodology to superannuation wrap investment options will undermine ...

ANZ reaches agreement with QLD government over Suncorp

CASSANDRA BALDINI  |  FRIDAY, 16 JUN 2023
... underpaying nearly 16,000 employees between May 2014 and March 2022. At the same time, it released a response to the ACCC Statement of Preliminary Views regarding its proposed sale to ANZ. Suncorp chief executive Steve Johnson commented on the "detailed ...

Banned adviser told to stay put

CHLOE WALKER  |  FRIDAY, 16 JUN 2023
Having already permanently banned former Shaw and Partners senior adviser Kristofer Ridgway, ASIC has now made sure he cannot leave or attempt to leave Australia. Interim travel restraint orders were made on June 11 following the regulator's application. ...

Federal Reserve holds rates steady

ANDREW MCKEAN  |  THURSDAY, 15 JUN 2023
... policy, the Committee will continue to monitor the implications of incoming information for the economic outlook," a FOMC statement said. "The Committee would be prepared to adjust the stance of monetary policy as appropriate if risks emerge that could ...

Director banned for eight years

CHLOE WALKER  |  TUESDAY, 13 JUN 2023
The director of investment manager Foxi Capital has been banned from providing financial services for eight years after it was found he lacked relevant qualifications and experience, and misled investors. Foxi Capital director and Responsible Entity ...

Industry bodies respond to QAR recommendations

KARREN VERGARA  |  TUESDAY, 13 JUN 2023
The wealth management industry has broadly welcomed the bulk of the Quality of Advice Review recommendations Labor will prioritise, with many agreeing that the reforms will fix financial advice and ultimately benefit consumers. In releasing the first ...