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Showing 801 - 810 of 6072 results for "Commission"

Vanguard launches automated investing solution

KARREN VERGARA  |  MONDAY, 15 NOV 2021
Vanguard's Personal Investor platform has launched a feature that automatically invests clients' money into managed funds. Auto Invest regularly debits accounts starting from $200 either fortnightly, monthly, or quarterly, and invests the funds ...

Bond scam defrauds SMSFs $2.8m

KARREN VERGARA  |  MONDAY, 15 NOV 2021
... benefit by deception and 13 counts of reckless dealing with proceeds of crime. The Australian Competition and Consumer Commission found that Australians have lost over $70 million to investment scams in the first half of 2021. This figure is expected ...

Brokers warn of looming disaster

ELIZABETH MCARTHUR  |  MONDAY, 15 NOV 2021
The Finance Brokers Association of Australia (FBAA) has issued a dire warning, claiming Australian borrowers could not afford to pay 1% more on their mortgages or rent. The FBAA commissioned a survey, conducted by research firm McCrindle, to assess ...

APRA finalises framework for insurance in super

ELIZABETH MCARTHUR  |  FRIDAY, 12 NOV 2021
... finalised its revisions to guidance on insurance in superannuation, which was made in response to findings from the Royal Commission. APRA conducted extensive industry consultation on this matter over two years. Now, the completion of this work fulfils ...

Cbus to create rainy day fund to cover fines

ELIZABETH MCARTHUR  |  THURSDAY, 11 NOV 2021
... to pay any future fines. Following changes to the Superannuation Industry (Supervision) Act in response to the Royal Commission, many profit-to-members funds will have to restructure the way they pay penalties. As these funds do not have pools of shareholder ...

ASIC issues warning to finfluencer sponsors

KARREN VERGARA  |  WEDNESDAY, 10 NOV 2021
Corporate regulator ASIC is warning corporations that pay finfluencers to advertise products and services about potential breaches of financial advice laws. ASIC commissioner Cathie Armour said some listed companies are flocking to finfluencers for ...

ASIC outlines ROA guidance

ANNABELLE DICKSON  |  FRIDAY, 5 NOV 2021
The corporate regulator released examples of Records of Advice (ROA) to provide clarity to financial advisers and licensees on their obligations when using them for clients. The information sheet, INFO 266 FAQs: Records of Advice, provides answers to ...

FASEA to reword Standard 3

KARREN VERGARA  |  WEDNESDAY, 3 NOV 2021
... expected to induce you to act other than in the client's best interest." The second is align it to the Hayne Royal Commission findings: "You must not receive any benefit (whether monetary or non-monetary), nor enter into any relationship, that could ...

Most shorted companies on ASX: Report

ELIZABETH MCARTHUR  |  TUESDAY, 2 NOV 2021
... excess of short sellers taking positions on the stock. "The company is a leading casino operator and a recent royal commission investigation concluded that the company had engaged in 'illegal, dishonest, unethical, and exploitative' conduct," Fintel ...

ATO names second commissioner

KARREN VERGARA  |  MONDAY, 1 NOV 2021
The Australian Taxation Office appointed a second commissioner to serve a seven-year term. Kirsten Fish was previously serving as acting second commissioner and has been made permanent in the role, effective immediately. Fish has been with the ATO for ...