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Showing 641 - 650 of 6175 results for "Statement"

Treasury releases Quality of Advice Review final report

CASSANDRA BALDINI, JAMIE WILLIAMSON  |  WEDNESDAY, 8 FEB 2023
... interaction or personalised communication by a provider of advice. Meanwhile, Levy has maintained her view that the Statement of Advice should be removed, to be replaced with a requirement for providers of personal retail advice to maintain complete ...

Government acts to regulate crypto assets

ANDREW MCKEAN  |  MONDAY, 6 FEB 2023
... licensing and custody reforms by the government are targeting subsets outside the financial services framework. In a joint statement, treasurer Jim Chalmers and assistant treasurer and minister for financial services Stephen Jones said government reforms ...

Inflation remains high priority in 2023: Treasurer

CASSANDRA BALDINI  |  MONDAY, 6 FEB 2023
... of the government's economic agenda this year but not the only part. He said: "There'll be a new Tax Expenditure Statement this month, we receive the RBA Review next month, there'll be an Employment White Paper and an Intergenerational Report." The ...

Regulation should be balanced: Levy

ANDREW MCKEAN  |  WEDNESDAY, 1 FEB 2023
Financial advisers need a balanced regulatory framework, says Michelle Levy, lead of the government's Quality of Advice Review (QAR). At an event hosted by PritchittBland, Levy said almost all stakeholders are unhappy with the current system; financial ...

APRA slaps conditions on Diversa

JAMIE WILLIAMSON  |  TUESDAY, 24 JAN 2023
The regulator has placed additional conditions on the trustee's RSE licence, flagging serious concerns with Diversa's ability to manage risks and deliver quality outcomes for members. APRA explained that the new conditions are designed to address ...

Generation Development Group inflows decline, FUM increases

ANDREW MCKEAN  |  TUESDAY, 24 JAN 2023
... in Lonsec FUM. In a business update, Hackett announced that Generation Life will be issuing a new product disclosure statement (PDS) in the second half of the financial year. The new PDS will offer additional product features to the company's investment ...

Country head appointed at Fulcrum Asset Management

CHLOE WALKER  |  FRIDAY, 20 JAN 2023
UK-based Fulcrum Asset Management and its local distribution partner Ironbark Asset Management have appointed Angus Carson to the role of product specialist and country head, Fulcrum Australia. Carson, who is currently based in London, previously worked ...

Mixed outlook for paraplanning: Study

ANDREW MCKEAN  |  FRIDAY, 20 JAN 2023
There has been an uptick in new entrants to the paraplanning sector in the past 12 months, however there's still no telling where the industry is going. The Paraplanner Hub and Tanngo's Australian Paraplanner Survey 2022 shows the majority of ...

Link Fund Solutions hit with further legal action

JAMIE WILLIAMSON  |  TUESDAY, 17 JAN 2023
... management function of the Woodford Equity Income Fund," Leigh Day's action states. Acknowledging the action via an ASX statement, Link Group said: "LFS will vigorously defend itself against the proceedings." There is also a third class action that has ...

AAT upholds AFSL cancellation

CHLOE WALKER  |  THURSDAY, 12 JAN 2023
The Administrative Appeals Tribunal (AAT) has supported ASIC's decision to cancel the AFSL of Olive Financial Markets Pty Ltd (Olive). Between 2013 and 2018, Olive operated both a managed discretionary account (MDA) service and a superannuation rollover ...