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Showing 601 - 610 of 4874 results for "FAR"

Advice group chief fakes exam result, banned

JAMIE WILLIAMSON  |  THURSDAY, 16 MAR 2023
... identified Mr Karamian's conduct through a proactive review of individuals who were listed as current financial advisers on the FAR despite not having passed the FA Exam by 1 January 2022 (or 1 October 2022 where the financial adviser qualified for the ...

Fink warns of "slow rolling crisis"

JAMIE WILLIAMSON  |  THURSDAY, 16 MAR 2023
... have been just that, he suggested. "It's too early to know how widespread the damage is. The regulatory response has so far been swift, and decisive actions have helped stave off contagion risks. But markets remain on edge. Will asset-liability mismatches ...

No systemic risk with SVB, but issues remain: Experts

CASSANDRA BALDINI  |  WEDNESDAY, 15 MAR 2023
... The failure of Silicon Valley Bank (SVB) doesn't point to a systemic issue, however the banking crisis in the US may be far from over, experts say. The failure of SVB was mainly due to an asset-liability mismatch, which resulted in material losses ...

Advice firms trading at premium: Broker

KARREN VERGARA  |  FRIDAY, 10 MAR 2023
... revenue if they can be sold at all," Centurion said. The removal of all grandfathered revenue in 2021 has impacted some business far more than others, while practices in regional areas continue to attract lower valuations compared to those in major cities. ...

FPA voices concern on proposed CSLR, FAR laws

ANDREW MCKEAN  |  FRIDAY, 10 MAR 2023
... (FPA) has voiced concerns over the proposed Compensation Scheme of Last Resort (CSLR) and Financial Accountability Regime (FAR) legislation. While acknowledging the positive impact of an effective CSLR in promoting consumer trust in financial advice ...

Dodgy advice bill nears $5bn: ASIC

CASSANDRA BALDINI  |  FRIDAY, 10 MAR 2023
... financial advice remediation programs, ASIC calculated AMP, ANZ, Commonwealth Bank (CBA), Macquarie, NAB and Westpac have so far paid a combined $4.7 billion. The remediation programs included in ASIC's update relate to customers who suffered loss or ...

Morrison Securities stake to net Sequoia $40m

JAMIE WILLIAMSON  |  THURSDAY, 9 MAR 2023
... working capital of $10.5 million. The transaction is supported by US-based hedge fund Beaconsfield Capital. New Quantum has so far paid a deposit of $1.5 million, with a further $9 million due on March 20. Further payments are due at the end of May and ...

Government introduces FAR, CSLR Bills

ANDREW MCKEAN  |  WEDNESDAY, 8 MAR 2023
... Last Resort have been introduced to Parliament by Assistant Treasurer Stephen Jones. The Financial Accountability Regime (FAR) Bill 2023 aims to promote accountability and responsible behaviour among entities in the banking, insurance, and superannuation ...

Diverse investment teams fare better: WTW

JAMIE WILLIAMSON  |  WEDNESDAY, 8 MAR 2023
Investment teams in the top quartile of gender diversity outperform the bottom quartile by 45bps per annum in terms of net excess returns, a new report from WTW shows. Analysing more than 1500 investment strategies, WTW found equity and credit strategies ...

Centuria adds to glasshouse portfolio

CHLOE WALKER  |  TUESDAY, 7 MAR 2023
Centuria Capital Group has secured a 20-hectare tomato glasshouse facility in New South Wales on behalf of its agriculture fund from an unnamed family office. The transaction is CAF's third off-market glasshouse acquisition in just over six months ...