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

Search Results

Showing 821 - 830 of 6072 results for "Commission"

Sally Loane resigns as FSC chief

JAMIE WILLIAMSON  |  FRIDAY, 22 OCT 2021
... chief executive at the end of the year. Loane has led the industry body for seven years, including through the Royal Commission and its aftermath. In her time, Loane was involved in several key industry projects including the development of the Asia ...

Better Advice Bill gets green light

KARREN VERGARA  |  FRIDAY, 22 OCT 2021
... which introduces a new disciplinary body, passed the senate overnight. Under the Financial Sector Reform (Hayne Royal Commission Response-Better Advice) Bill 2021 (Better Advice Bill), from 1 January 2022, the Financial Services and Credit Panel within ...

Pinnacle backs investment platform

ELIZABETH MCARTHUR  |  FRIDAY, 22 OCT 2021
... industry, and pressures on the financial advice sector. "With the introduction of increased regulation post the Hayne Royal Commission, the exit of the major banks from the wealth management sector and the ongoing reductions in the number of licensed ...

Superhero offers access to Bitcoin ETF

ELIZABETH MCARTHUR  |  THURSDAY, 21 OCT 2021
... Bitcoin ETF will be a centrally cleared crypto-backed financial instrument, authorised by the Guernsey Financial Services Commission and with custody provided by Fidelity Digital Assets. It is Jacobi's intention to list the ETF on Cboe Europe.

Former Dover adviser banned

ANNABELLE DICKSON  |  THURSDAY, 21 OCT 2021
The corporate regulator handed down a six-year ban from providing financial services to a Melbourne-based financial adviser for failing to provide appropriate advice. Ashok Sherwal advised clients in need of cash to replace their existing insurance ...

Former Spectrum chief cops additional bans

KARREN VERGARA  |  WEDNESDAY, 20 OCT 2021
Former Spectrum Wealth Advisers chief executive Mark Schroeder has been slapped with banning orders in addition to his six-year ban from providing financial services. The Administrative Appeals Tribunal amended ASIC's banning order that was handed down ...

Actuaries Institute devises director skills checklist

JAMIE WILLIAMSON  |  MONDAY, 18 OCT 2021
... devised a checklist, specifically aimed at banks and insurance companies, to help avoid issues raised in the Royal Commission. Rafe and Laughlin believe all new board members should be assessed against a clearly defined criteria, saying doing so would ...

ASIC eyes employee super fund choice

KARREN VERGARA  |  MONDAY, 18 OCT 2021
ASIC issued a stern warning to employers and their superannuation fund provider about influencing employees' choice of super funds. The regulator will conduct a review this financial year on how trustees abide by its requirements and may consider ...

IFM partially acquires energy company

ELIZABETH MCARTHUR  |  FRIDAY, 15 OCT 2021
... tendered at a price of €22.07, representing a total of €2.3 billion. IFM has notified the National Securities Market Commission in Spain of its decision to reduce the minimum acceptance condition to which the offer was subject and will therefore ...

CFS adopts advice consent solution

KARREN VERGARA  |  THURSDAY, 14 OCT 2021
... their clients," he said. The annual renewal obligation came into effect on July 1, as recommended by the Hayne Royal Commission. A client who does not renew an ongoing fee arrangement with their adviser for example, will terminate the arrangement 30 ...