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

Search Results

Showing 601 - 610 of 5742 results for "Small"

Government dawdling on paid parental leave super: Greens

ANDREW MCKEAN  |  MONDAY, 18 MAR 2024
... Pocock welcomed the proposed changes proposed in the Bill. However, he believes that this is also an opportunity to relieve small businesses from the burden of administering the scheme. According to the senator, small businesses should have the option ...

Majority comply with IDR reporting: ASIC

KARREN VERGARA  |  MONDAY, 18 MAR 2024
The latest round of the internal dispute resolution (IDR) reporting regime saw 87% of small financial firms submit their data to ASIC. The deadline for the third round of reporting, which forced a total of 8600 financial services firms to submit data ...

Half of super funds to close in coming decade: Mercer

JAMIE WILLIAMSON  |  FRIDAY, 15 MAR 2024
The total number of superannuation funds in Australia will halve over the next decade, says Mercer. In its inaugural Shaping Super report, Mercer predicts the number of super funds in Australia will decline by another 30% over the next five years and ...

AFCA secures $40m in refunds

ELIZA BAVIN  |  THURSDAY, 14 MAR 2024
... after 111 systemic issues were identified. "Some systemic issues impacted large numbers of consumers while others impacted a small group. No matter the number of impacted consumers, in most cases financial firms worked to ensure consumers were remediated ...

Low-margin clients hurt practice valuations

KARREN VERGARA  |  THURSDAY, 14 MAR 2024
... "Based on the above it could be expected that financial advice businesses will continue to trade at a premium to many other small businesses and other professional service firms of the same scale," Centurion said. "That said, while the industry has usually ...

Sexism in the City: UK financial sector slammed

JAMIE WILLIAMSON  |  WEDNESDAY, 13 MAR 2024
The "shocking" prevalence of sexism and misogyny in the UK's financial services sector has led a government committee to recommend a raft of reforms. On International Women's Day, the UK government's Treasury Committee released Sexism in ...

Government promises transparent financial services regulation

KARREN VERGARA  |  WEDNESDAY, 13 MAR 2024
... Finance Industry Council of Australia collaborated with the government to introduce the reform. Lawrence pointed out that the small size of some customer-owned banks compared to their shareholder-owned counterparts makes it harder to keep up with the ...

Hostplus rejects anti-competitive behaviour claims

KARREN VERGARA  |  TUESDAY, 12 MAR 2024
... consolidation, insurance coverage offered, and that super comparison tools exist," he wrote. Employment Hero has 150,000 small-to-medium enterprise clients employing 1.5 million. Ironically, Hostplus, which is an avid investor in start-ups and venture ...

Managed account FUM closes in on $200bn milestone

JAMIE WILLIAMSON  |  TUESDAY, 12 MAR 2024
According to the latest figures, there is now about $195 billion held in managed accounts - up $33 billion in the six months to December end. The IMAP Census of Managed Accounts FUM shows the total grew by some 20.47% in the six-month period to hit ...

Pendal shutters costly equity fund

KARREN VERGARA  |  MONDAY, 11 MAR 2024
... its launch. The Pendal Geared Imputation Fund will cease to exist on March 26, the fund manager told investors, as its "small size means that it has high running costs and cannot be managed in a cost-efficient way". "The fund has also been in outflow ...