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Showing 621 - 630 of 6175 results for "Statement"

US agencies act to prevent crisis

JAMIE WILLIAMSON  |  MONDAY, 13 MAR 2023
... comes as local tech companies confirm minimal exposures to the Silicon Valley Bank failure. Early this morning, a joint statement from US Treasury secretary Janet Yellen, Fed chair Jerome Powell and Federal Deposit Insurance chair Martin Gruenberg announced ...

Court fines ANZ for dodgy introducer program

KARREN VERGARA  |  MONDAY, 13 MAR 2023
... supplementary income for your business, club, charity or social organisation." In response to the order, the bank said in a statement: "ANZ has cooperated with ASIC during this process, is nearing completion of a customer remediation program and has ...

ASIC issues more interim stop orders

CASSANDRA BALDINI  |  FRIDAY, 10 MAR 2023
... suspension, valid for 21 days, to prohibit Interactive Brokers from offering, issuing, or giving a product disclosure statement (PDS) and to stop it from providing general advice to retail clients in relation to SYEP Derivatives. The watchdog was concerned ...

Final voting for ESG Power50 open

RACHEL ALEMBAKIS  |  THURSDAY, 9 MAR 2023
FS Sustainability is launching the final voting round of the inaugural ESG Power50, a list that will name the 50 most influential ESG professionals working at ASX-listed companies in Australia. For the first time, readers of FS Sustainability along ...

Government introduces FAR, CSLR Bills

ANDREW MCKEAN  |  WEDNESDAY, 8 MAR 2023
The Financial Accountability Regime and Compensation Scheme of 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 ...

Advice complaints decelerate: AFCA

KARREN VERGARA  |  WEDNESDAY, 8 MAR 2023
The number of financial advice-related complaints has slashed by nearly half in the last year, according to the Australian Financial Complaints Authority (AFCA). AFCA registered 2211 financial advice-related complaints in 2022, the majority of which ...

QAR does not "trash" FoFA: Anderson

CASSANDRA BALDINI  |  TUESDAY, 7 MAR 2023
... requirement to provide advice documentation as another solution that should be fast tracked. "The requirement to prepare a Statement of Advice (SoA) was a Financial Services Reform Act initiative dating back to 2001. This was not a FoFA reform, so there ...

Corporate fund transfers members to ART

JAMIE WILLIAMSON  |  TUESDAY, 7 MAR 2023
... through. Just days later, it was announced that it was also exploring a merger with Commonwealth Bank Group Super. In a statement to Financial Standard, ART chief commercial officer Dave Woodall said: "We're excited Oracle has chosen Australian Retirement ...

Allan Gray transfers platform, exits super

JAMIE WILLIAMSON  |  MONDAY, 6 MAR 2023
... Superannuation and Retirement will be rebranded as Ensurity Super and Allan Gray Investments will become Ensurity Invest. In a statement to Financial Standard, the firm said: "Allan Gray took the decision after it became clear that it couldn't deliver ...

Expect more greenwashing action: ASIC

RACHEL ALEMBAKIS  |  FRIDAY, 3 MAR 2023
... Australia's market is reliable and transparent about sustainability claims." The court case against Mercer and Longo's statement confirm the necessity for trustees and financial service providers to ascertain that their claims are substantiated ...