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Showing 631 - 640 of 6175 results for "Statement"

Government to double tax for high super balances

ANDREW MCKEAN | TUESDAY, 28 FEB 2023

... increased concessional tax rate of 30%, twice the current 15% rate. According to the latest Tax Expenditures and Insight Statement, superannuation tax breaks, valued at $50 billion a year, mostly go to high income earners. The cost of these concessions ...

Mercer embroiled in greenwashing allegations

KARREN VERGARA | TUESDAY, 28 FEB 2023

... It would be inappropriate to comment further as the matter is now before the courts," a Mercer spokesperson said in a statement. The date for the first case management hearing is yet to be scheduled by the Federal Court. ASIC has already slapped over ...

Unlicensed investor pleads guilty to fraud charges

CHLOE WALKER | FRIDAY, 24 FEB 2023

Former Orb Global Investments chief executive Akhilesh Kamkolkar has pleaded guilty to charges relating to $1 million of investor money he spent for himself. A further two offences of carrying on a financial services business without a licence will ...

ASIC questioned over workplace culture

CASSANDRA BALDINI | THURSDAY, 23 FEB 2023

... Chester's conduct was reviewed along with Longo's response. According to the hearing, Longo was provided with a fuller statement by Treasury than was shared with Chester. Looking at the statement provided to Longo, the committee said: "... the ...

Advice group convicted of hawking

JAMIE WILLIAMSON | WEDNESDAY, 22 FEB 2023

National Advice Solutions was convicted in a Queensland court for cold-calling consumers and trying to convince them to switch their super fund, copping a $70,000 fine. National Advice Solutions' AFSL was cancelled in December and its two responsible ...

abrdn terminates funds amid transition

JAMIE WILLIAMSON | MONDAY, 20 FEB 2023

... Australian clients." Several abrdn investment staff are transferring to SG Hiscock, as are some distribution personnel. In a statement to Financial Standard, abrdn said it was "not able to disclose the actual number of staff to be transferred or made ...

ASIC dodges PGPA investigation questioning

CASSANDRA BALDINI | THURSDAY, 16 FEB 2023

... undertook and oversaw a very comprehensive investigation and there were no adverse findings," she concluded. Bragg issued a statement following the hearing and said ASIC must show clean hands. "In a strange presentation at Senate Estimates today, the ...

ESG impacts on US pension funds tested

RACHEL ALEMBAKIS | MONDAY, 13 FEB 2023

There is no difference between investment returns for US state pension funds in "blue" states that might be more likely to integrate ESG investment principles and "red" states that are more likely to ban ESG investment strategies, according to Rainmaker ...

Inflation expected to have peaked: RBA

ANDREW MCKEAN | FRIDAY, 10 FEB 2023

... (RBA) has forecast that headline CPI (7.8%) is expected to be the peak in this economic cycle. In a monetary policy statement, the RBA said CPI is still high, affecting a range of goods and services. Global factors such as supply chain disruptions caused ...

Put controls in place for super funds: Associations

CASSANDRA BALDINI | THURSDAY, 9 FEB 2023

... advice to their members. "There will be no safe harbour steps to follow, and they will not have to give the member a statement of advice (SoA). That will improve the accessibility and affordability of financial advice," she said. But Anderson isn't ...

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Global X awards mandate for ETF business

ELIZA BAVIN

Global X has awarded a new custody and administration mandate for its Australian ETF business.

Bell Asset Management launches small-caps fund

KARREN VERGARA

Bell Asset Management has formally launched its Australian Small Companies Fund, which is run by former Tyndall Asset Management portfolio managers.

Former Australian Ethical finance chief lands new gig

MATTHEW WAI

The former chief financial officer of the ethical investment manager has joined a local finance company after wrapping up his tenure at AUB Group.

MySuper assets pursue $1.5tn Choice sector

KARREN VERGARA

MySuper assets are fast catching up to the $1.5 trillion Choice sector, hitting nearly $1.2 trillion in the March quarter.

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