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Showing 591 - 600 of 6175 results for "Statement"

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 ...

Industry funds' illiquid assets scrutinised

ANDREW MCKEAN  |  THURSDAY, 11 MAY 2023
The Australian superannuation system allows investors to shift between options and funds daily, raising critical questions about liquidity. Despite requirements under SPG530 - Investment Governance, public disclosure on liquidity stress-testing is relatively ...

Australian Retirement Trust reduces fees, ups premiums

JAMIE WILLIAMSON  |  TUESDAY, 9 MAY 2023
... insurance cover provided in Super Savings (previously the insurance cover provided in Sunsuper for life)," it said. In a statement, ART head of product Shane Mather said: "As a profit-for-members fund, ART does not take insurance premium increases lightly ...

Economic stimulus unlikely in budget: Podcast

CASSANDRA BALDINI  |  FRIDAY, 5 MAY 2023
... peak has most likely been reached and therefore more hikes are unlikely. "As long the economic data in this month's Statement on Monetary Policy is in line with their forecasts or a little bit weaker, the Reserve Bank shouldn't be tightening ...

US Federal Reserve hikes interest rates

ANDREW MCKEAN  |  THURSDAY, 4 MAY 2023
... benefit all." Meanwhile, GSFM strategist Stephen Miller pointed out the Federal Reserve omitted a line from its previous statement that said the committee 'anticipates that some additional policy firming may be appropriate'. "That makes it likely ...

Future Super accused of greenwashing via Facebook post

JAMIE WILLIAMSON  |  TUESDAY, 2 MAY 2023
Future Super has been handed an infringement notice by ASIC over a Facebook post that implied all its funds under management had been invested in fossil fuels prior to transitioning to Future Super. The $13,320 infringement notice follows ASIC raising ...

Venture capital rout rattles advice technology sector

KARREN VERGARA  |  MONDAY, 1 MAY 2023
The recent collapses of local financial advice startups Creativemass and TIQK indicate that the freewheeling days of venture capital funding is drawing to an end. Creativemass, a financial services software provider used by the likes of AMP and Bombora ...

Industry fund merger advances

ANDREW MCKEAN  |  FRIDAY, 21 APR 2023
... (MoU). The merger between the industry funds is set to create a unified fund serving over 150,000 members. In a joint statement, TWUSUPER chair Nick Sherry and Mine Super chair Christina Langby said: "Our funds share a strong heritage of member first ...