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Showing 711 - 720 of 4071 results for "Personal"

Adviser levy tripled, labelled "deeply unfair"

JAMIE WILLIAMSON  |  THURSDAY, 29 JUN 2023
... of $1500 plus $3217 per adviser. The total estimated cost recovery amount is $55.5 million for licensees that provide personal advice to retail clients. The cost of regulating the sub-sector in the 2021-22 financial year was $56.7 million. Breaking down ...

More pension funds, insurers impacted by MOVEit mass-hack

JAMIE WILLIAMSON  |  TUESDAY, 27 JUN 2023
Among other companies to confirm their involvement, a second US pension fund has notified members their personal information was stolen in the same breach impacting members of CalPERS. The California State Teachers Retirement System (CalSTRS) told members ...

Jones lifts adviser levy freeze, updates funding model

KARREN VERGARA  |  TUESDAY, 27 JUN 2023
... regulatory costs across 52 sub-sectors. If, for example, ASIC investigates an individual suspected of providing unlicensed personal financial advice but also advises on general insurance products based on time spent by staff of 30% versus 70% respectively ...

Anti-hawking laws could dampen super fund advice: Academic

KARREN VERGARA  |  TUESDAY, 27 JUN 2023
... take the risk," he said. Not all super funds currently offer intra-fund advice. Trustees without a licence to provide personal advice can include lifetime pensions in their own superannuation calculators and interactive retirement estimates. They do ...

CSLR finally passes senate

KARREN VERGARA  |  FRIDAY, 23 JUN 2023
... Last Resort) Bill 2023, provides victims of financial misconduct access to redress and compensation. The CSLR covers personal financial advice, credit intermediation, securities dealing and/or credit. It enables consumers who have an unpaid determination ...

Large AFSLs lead advice complaints: AFCA

KARREN VERGARA  |  THURSDAY, 22 JUN 2023
... complaints, as did Synchronised Business Services (6) and Consultum Financial Advisers (6). Among the non-aligned AFSLs, Personal Asset Services received 63 complaints for the period. A little-known firm called Best Leader Markets which operates derivatives ...

Cyber breach claims CalPERS member data

JAMIE WILLIAMSON  |  THURSDAY, 22 JUN 2023
More than 750,000 retired members of one of the world's largest pension funds have had their personal information accessed in a cybersecurity breach. The California Public Employees' Retirement System (CalPERS) is alerting its retired members and their ...

High value investors playing it safe: Report

CHLOE WALKER  |  TUESDAY, 20 JUN 2023
... making investment decisions. However, they are less focused on the fees or costs associated with investing and their personal circumstances, and instead are more likely to consider the need for diversification in their portfolios as well as the past ...

Soros hands the reins to son

CHLOE WALKER  |  FRIDAY, 16 JUN 2023
... Endowment Fund) in the 1970's, and is well-regarded as one of the most successful hedge fund managers in history. His personal net worth is approximately $9.9 billion.

Banned adviser told to stay put

CHLOE WALKER  |  FRIDAY, 16 JUN 2023
... his clients at significantly different prices. He then used the price margin for his own purposes, including paying off personal debts. ASIC said Ridgway also disguised that a related party was the true owner and seller of the shares he had arranged ...