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Showing 611 - 620 of 2988 results for "ARRA"

APRA readies new super fund remuneration regime

KARREN VERGARA  |  TUESDAY, 19 OCT 2021
APRA is keeping its watchful eye on superannuation funds' preparedness for the new remuneration standards that take effect in 2023. APRA has released the updated version of Prudential Practice Guide CPG 511 Remuneration, where it expects boards to oversee ...

ASIC eyes employee super fund choice

KARREN VERGARA  |  MONDAY, 18 OCT 2021
ASIC issued a stern warning to employers and their superannuation fund provider about influencing employees' choice of super funds. The regulator will conduct a review this financial year on how trustees abide by its requirements and may consider ...

HUB24 to acquire Class

JAMIE WILLIAMSON  |  MONDAY, 18 OCT 2021
SMSF technology provider Class has agreed to be acquired by HUB24 via a scheme of arrangement. Under the deal, Class shareholders will receive one share in HUB24 for every 11 ordinary Class shares they hold, plus $0.10 per ordinary share. The implied ...

CFS adopts advice consent solution

KARREN VERGARA  |  THURSDAY, 14 OCT 2021
Colonial First State has partnered with Iress to help it comply with the newly introduced ongoing advice fee obligations. The blockchain-supported solution will manage advice fee consent requirements for clients on CFS's platforms, FirstChoice and ...

AMP Capital appoints chair, deputy for Private Markets

ELIZABETH MCARTHUR  |  TUESDAY, 12 OCT 2021
Former Suncorp chief executive Patrick Snowball has been named chair designate of the board of AMP Capital's private markets business as demerger plans progress. Andrew Fay has also been appointed deputy chair of the board. Snowball, who is based ...

Soul Patts finalises merger

ANNABELLE DICKSON  |  TUESDAY, 5 OCT 2021
Washington H Soul Pattinson (WHSP) has implemented its $4 billion merger with LIC, Milton Corporation. Under the scheme of arrangement, all Milton shares that are not currently owned by WHSP will be transferred today. Eligible Milton shareholders will ...

Adviser exam cost jumps under new bill

KARREN VERGARA  |  THURSDAY, 30 SEP 2021
The Better Advice Bill is proposing several changes to the mandatory financial advice exam, including substantially increasing the cost of each sitting. The Financial Sector Reform (Hayne Royal Commission Response-Better Advice) Bill 2021 exposure draft ...

Hyperion Asset Management builds out team

ANNABELLE DICKSON  |  MONDAY, 27 SEP 2021
The fund manager has appointed a head of risk and compliance, general executive, and research associate as it invests in its next stage of growth. Thomas Withers has joined as head of risk and compliance from Northcape Capital where he was in a similar ...

CFS adds to managed account offering

ANNABELLE DICKSON  |  MONDAY, 27 SEP 2021
Colonial First State has partnered with three research consultants to launch a low-cost managed account range. The partnership with Lonsec, Morningstar and Zenith launched today with 23 managed accounts the FirstChoice Personal Super and Pension platform ...

Why advisers must understand Retirement Income Covenant

ELIZABETH MCARTHUR  |  WEDNESDAY, 22 SEP 2021
Challenger chair, retirement income Jeremy Cooper presented to the AFA conference, discussing the new Retirement Income Covenant and how it will impact advisers. While the Retirement Income Covenant does not apply any new obligations to financial advisers ...