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Showing 781 - 790 of 8316 results for "Retail"

ASIC issues first-of-its-kind stop order

CASSANDRA BALDINI  |  MONDAY, 5 JUN 2023
... prevents the broker from opening trading accounts or dealing in CFDs or margin foreign exchange contracts (margin FX) to retail investors. ASIC said the action is its first in response to a contravention of the reasonable steps obligations regarding ...

Spaceship told to cease super, funds distribution

JAMIE WILLIAMSON  |  FRIDAY, 2 JUN 2023
... on May 31, barring Spaceship Capital and its issuer Diversa from distributing or providing financial product advice to retail clients recommending the products. ASIC is concerned the existing target market determination for Spaceship Super has too broad ...

Inflation rises to 6.8%

CASSANDRA BALDINI  |  THURSDAY, 1 JUN 2023
The Consumer Price Index (CPI) has jumped from 6.3% to 6.8%, adding to theories Australians could be in for another rate hike. The latest CPI numbers, released yesterday by the Australian Bureau of Statistics (ABS), exceeded economist predictions of ...

Adviser registration extended to October

KARREN VERGARA  |  WEDNESDAY, 31 MAY 2023
... unregistered. The legislation defines a relevant provider as "an individual who is authorised to provide personal advice to retail clients about relevant financial products." It is also a licensee; an authorised representative of a licensee; or an employee ...

Challenger real estate arm price tag drops

KARREN VERGARA  |  MONDAY, 29 MAY 2023
... have a 12.8% stake. Challenger's real estate funds management business has about $3.4 billion in assets across the retail, industrial and office sectors. Elanor anticipates it will have $6.4 billion in assets under management upon completion and ...

Brookfield looks to enter local BTR space

JAMIE WILLIAMSON  |  THURSDAY, 25 MAY 2023
... properties is significant. "This is a highly desirable location to live, next to the Brisbane River and with an array of dining, retail, entertainment and public transport at the doorstep. It is an area that has undergone significant revitalisation over ...

Consulting triopoly dominates NFP super

JAMIE WILLIAMSON  |  WEDNESDAY, 24 MAY 2023
... market. Rainmaker noted that Mercer and Russell Investments now play a minor role in the NFP super space, however both have retail super offerings of their own to oversee.

MySuper inches to $1tn

KARREN VERGARA  |  WEDNESDAY, 24 MAY 2023
... Guarantee (SG) increase to 10.5% from 1 July 2022 and strong employment. Industry funds ($1.2tn) grew 6% over the period. Retail funds ($680bn) and corporate funds ($56.9bn) on the other hand dropped 1% and 4% respectively. Self-managed super funds also ...

ASIC revokes Centurion subsidiary licence, suspends fund manager

ANDREW MCKEAN  |  WEDNESDAY, 24 MAY 2023
... months, effective from March 21. Huntley Management was authorised to deal in the interests in managed investment schemes to retail and wholesale clients, and to provide general financial product advice to wholesale client. The licence was suspended ...

Experience pathway could create two adviser tiers

KARREN VERGARA  |  TUESDAY, 23 MAY 2023
... disqualified or given an undertaking. A relevant provider on the other hand is someone authorised to provide personal advice to retail clients about financial products in accordance with the Corporations Act. The explanatory memorandum uses the term ...