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Showing 581 - 590 of 6172 results for "Statement"

APRA probes super fund payments to unions

ANDREW MCKEAN  |  THURSDAY, 1 JUN 2023
... potential prejudicing of any ongoing investigations. Following the Senate Economics Committee session, Bragg released a statement welcoming the APRA investigation into the "enormous" transfer of funds between super funds and unions. Bragg said that super ...

Spirit Super rectifies regulatory breach

ANDREW MCKEAN  |  TUESDAY, 30 MAY 2023
... month, the industry fund acknowledged that it had inadvertently omitted some fees and costs from its product disclosure statement (PDS), resulting in a breach of RG97 legislation. This law mandates that funds disclose the amounts deducted from reserves ...

FS Sustainability reveals ESG Power50

STAFF WRITER  |  FRIDAY, 26 MAY 2023
The 50 most influential ESG professionals working at ASX-listed companies have been named in the inaugural ESG Power50 guide. The ESG Power50 comprises a diverse group of professionals who are actively shaping the future for the companies where they ...

Mercer Super to take on corporate fund

JAMIE WILLIAMSON  |  THURSDAY, 25 MAY 2023
... forward to welcoming HESF members to Mercer Super in the coming weeks," Mercer Super chief executive Tim Barber said in a statement. "Mercer Super is on a growth trajectory, and our intention is to keep growing and investing in Mercer Super for the benefit ...

ASIC revokes Centurion subsidiary licence, suspends fund manager

ANDREW MCKEAN  |  WEDNESDAY, 24 MAY 2023
ASIC has cancelled the AFSL of Centurion Custodian Funds Management and suspended Huntley Management for non-compliance. The AFS licence of Centurion Custodian Funds Management, a subsidiary of Centurion, has been cancelled effective from January 18. ...

Chief distribution officer leaves Praemium

CHLOE WALKER  |  TUESDAY, 23 MAY 2023
... announced his departure on LinkedIn, will serve a precursory three months' gardening leave until mid-August. In a statement, Praemium said the exit is the result of a strategic review "to focus on client needs, strengthen its market share and deliver ...

FAAA sounds alarm on no-consultation super reform

ANDREW MCKEAN  |  MONDAY, 22 MAY 2023
The Financial Advice Association Australia (FAAA) has criticised Treasury for neglecting to consult on draft Superannuation Performance Test reforms. FAAA chief executive Sarah Abood voiced concerns regarding the proposal and process of the Performance ...

Finfluencers bridge financial advice gap

KARREN VERGARA  |  THURSDAY, 18 MAY 2023
... brings a greater variety; the more voices you have, the better," Scully explains. Since its crackdown, ASIC said in a statement to Financial Standard it has identified "14 finfluencers that have gained the relevant authorisations to provide financial ...

Fitch gives Labor budget AAA rating

CASSANDRA BALDINI  |  WEDNESDAY, 17 MAY 2023
For the first time under a Labor government, Fitch has handed down a AAA rating to the May budget. In a statement, Fitch applauded the government for its spending restraint and said the nation's public finances had outperformed expectations. "The commitment ...

Abolishing FDSs a major win: Panel

KARREN VERGARA  |  TUESDAY, 16 MAY 2023
The Quality of Advice Review's recommendation to abolish Fee Disclosure Statements would be a major win for financial advisers as many continue to grapple with providing accurate documents to clients. The Financial Advice Association Australia general ...