Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 681 - 690 of 9558 results for "Release"

Trustees must improve IDR processes: ASIC

JAMIE WILLIAMSON  |  FRIDAY, 9 DEC 2022
Superannuation trustees have a lot of work to do when it comes to complaints handling, ASIC says. A new report from the regulator has found some superannuation trustees have sub-standard arrangements for managing complaints. The finding is based on ...

Household Capital acquires Pension Boost

ANDREW MCKEAN  |  MONDAY, 5 DEC 2022
... widens its market reach and is consistent with our strategy to be the most trusted provider in the Australian home equity release market," he said. Funder explained the combined business will "position" the firm to be the leading provider of home equity ...

2023 adviser exam dates released

CHLOE WALKER  |  THURSDAY, 1 DEC 2022
ASIC has announced the sitting dates for the 2023 financial adviser exams, the first of which will be held on February 16. Advisers should note that all enrolments for the February Cycle 20 sitting will be open from January 10 and close on January 30. ...

Marketing oversight must improve: ASIC

JAMIE WILLIAMSON  |  WEDNESDAY, 30 NOV 2022
ASIC named and shamed more responsible entities in need of improving their oversight of investment managers' marketing practices, raising concerns over five funds totalling about $705 million in assets. Ongoing ASIC surveillance identified concerns ...

Millions of retirees will benefit from QAR

CASSANDRA BALDINI  |  TUESDAY, 29 NOV 2022
The Quality of Advice Review's (QAR) proposals will help an additional two million retirees spend $22.5 billion more and leave $6 billion less in bequests annually by the year 2040. According to data released by the Financial Services Council (FSC) ...

Code of Ethics must be fixed: Phil Anderson

CASSANDRA BALDINI  |  MONDAY, 28 NOV 2022
... charging on an hourly rate or even a flat fee, does not remove all conflicts," he said. He highlighted that following the release of the Code of Ethics, FASEA spent a few years guiding industry on how to comply with Standard 3. "Even if you did have ...

Mutuals' assets increase, profits declines: KPMG

CASSANDRA BALDINI  |  FRIDAY, 25 NOV 2022
... in cost-to-income ratios. The report explained that in 2021 PBT for the mutuals increased significantly, driven by the release of provisions built up in prior years during Covid. "In comparison, 2022 saw a minor release of provisioning over the collective ...

Advising through disability implications

CASSANDRA BALDINI  |  THURSDAY, 24 NOV 2022
... effectively," Conte said. "What we need to do is make sure that another superannuation trustee accepts the definitions of a TPD release, and the initial superannuation trustee is happy to roll it over and the method that allows the favourable tax outcome." ...

Advisers must register for FSCP: ASIC

CASSANDRA BALDINI  |  THURSDAY, 24 NOV 2022
... year's dates imminently; they're just being finalised at this stage. So hopefully, next week we'll be able to release those," she said. Responding to the fact many in the industry have described the adviser exam problematic and too harsh ...

Private market investment impediments not insurmountable: Frontier

ANDREW MCKEAN  |  TUESDAY, 22 NOV 2022
... performance test, uncertainty has disproportionally impacted illiquid asset classes. Policies like the COVID-19 early release of super scheme created unforeseeable demands on liquidity, such a precedent caused funds to hold lower levels of illiquid assets ...