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Showing 621 - 630 of 4456 results for "Press"

ASIC continues to reprimand SMSF auditors

CHLOE WALKER  |  MONDAY, 24 JUL 2023
... auditors have had their licences cancelled as part of ASIC's recent compliance program. According to ASIC commissioner Danielle Press, in the last year ASIC has acted against 26 SMSF auditors who failed to meet the independence and auditing standards ...

Wealth management ecosystem at critical inflection point: Citi

ANDREW MCKEAN  |  THURSDAY, 20 JUL 2023
The wealth management sector is at a critical juncture, confronting declining fees and escalating compliance costs, according to Citigroup research. Accordingly, the Citi Disruption and Transformation in Wealth report suggested a need for wealth managers ...

TelstraSuper MySuper delivers 9.34%

KARREN VERGARA  |  TUESDAY, 18 JUL 2023
Buoyed by the local and global share markets and defying periods of volatility, TelstraSuper's MySuper Balanced option delivered 9.34% in the 2023 financial year. Chief investment officer Graeme Miller said the last financial year provides another example ...

Trustees lack urgency, strategy on RIC: Regulators

KARREN VERGARA  |  TUESDAY, 18 JUL 2023
... deliver both well-considered strategies and action to support members in retirement," Cole said. ASIC commissioner Danielle Press reminded super funds that helping members achieve good retirement outcomes is the core business for a trustee and the Retirement ...

ASIC to host CHESS replacement roundtable

CHLOE WALKER  |  MONDAY, 17 JUL 2023
... is expected to be hosted in August and chaired by ASIC chair Joe Longo, who will be joined by ASIC commissioner Danielle Press and incoming Reserve Bank of Australia governor Michele Bullock. ASIC's initiative follows longstanding industry concerns ...

Michele Bullock to be next RBA governor

CASSANDRA BALDINI  |  FRIDAY, 14 JUL 2023
Prime Minister Anthony Albanese and Treasurer Jim Chalmers announced this morning Michele Bullock will take over as Reserve Bank of Australia (RBA) governor from Philip Lowe in September. Chalmers said the government is proud to announce the ninth governor ...

European pension fund hands MaxCap $200m

CASSANDRA BALDINI  |  THURSDAY, 13 JUL 2023
An unnamed European institutional investor committed $200 million to MaxCap, its first real estate debt investment in the Australian market. The initial investment will be allocated through the First Mortgage investment option offered by MaxCap Investment ...

Advice firm revenues jump 45%

KARREN VERGARA  |  WEDNESDAY, 12 JUL 2023
Despite employing fewer staff and a reduction in client numbers, financial advice firms saw revenues shoot up by nearly 50% from two years ago. A survey of 122 advice practices conducted by Business Health and Iress found average revenue jumped from ...

16% of asset managers to exit by 2027: PwC

ANDREW MCKEAN  |  MONDAY, 10 JUL 2023
The asset and wealth management industry is set to undergo seismic change in the coming years, according to a new report by PwC. The report, which surveyed 500 asset managers and institutional investors, forecast that 16% of asset and wealth management ...

Adviser demand up as industry turns corner: Recruiter

KARREN VERGARA  |  FRIDAY, 7 JUL 2023
The financial advice industry is experiencing a buoyant jobs market in 2023, according to a specialist recruitment firm, particularly in the last three months which saw healthy demand for associate adviser roles. Recruit2Advice principal Dugald Braithwaite ...