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

Search Results

Showing 841 - 850 of 10112 results for "Financial services"

Super funds should focus on 'simple' advice: Jones

ELIZA BAVIN  |  FRIDAY, 6 DEC 2024
... independence, Jones said the lack of commissions should help negate issues previously seen at the Royal Commission into Financial Services. "There'll be no commissions, nothing like that. The fund will be able to pay, charge a fee if they so choose. ...

Former abrdn MD takes on chief executive role

ELIZA BAVIN  |  FRIDAY, 6 DEC 2024
... years at abrdn, mostly in senior wealth, funds and business management roles. He also sat on the board of the Financial Services Council for six years. Hearts and Minds chair Chris Cuffe thanked Rayson for his tenure, saying he has been instrumental ...

More work to do on reportable situations compliance, ASIC says

JAMIE WILLIAMSON  |  WEDNESDAY, 4 DEC 2024
... monitoring of compliance with the reportable situations regime, a review found. Recent surveillance by ASIC found financial services and credit licensees have some way to go in ensuring they're compliant with the reportable situations regime. Reviewing ...

Treasury gives Tranche 2 reform package preview

JAMIE WILLIAMSON  |  WEDNESDAY, 4 DEC 2024
... second package of reforms is aimed at making affordable financial advice available to everyone, minister for financial services Stephen Jones said. It comes about six months after the first tranche of reforms passed parliament in early July. First and ...

Half of advice, super complaints result in no remedy

ELIZA BAVIN  |  WEDNESDAY, 4 DEC 2024
... fuller picture of consumer complaints in Australia and enhancing understanding of the complaints environment in financial services," AFCA chief ombudsman David Locke said. "We endorse ASIC's message encouraging firms to foster a positive complaints management ...

Firms treat CSLR as 'insurance policy': FAAA

KARREN VERGARA  |  MONDAY, 2 DEC 2024
... up due to the non-payment of Australian Financial Complaints Authority (AFCA) determinations, far too many financial services firms are taking advantage of the Compensation Scheme of Last Resort (CSLR), treating it as an 'insurance policy'. Several ...

AMP completes advice licensees sale

KARREN VERGARA  |  MONDAY, 2 DEC 2024
... 2025. Overall, 103 employees from AMP joined the fold. Entireti also houses Fortnum Private Wealth and Personal Financial Services (PFS). It now has about 1300 financial advisers, 400 businesses, and some 180 employees. From today, AMP group executive ...

Illegal investment scheme operator to pay $1.25m

ELIZA BAVIN  |  THURSDAY, 28 NOV 2024
... Hopkins and The A Team Property Group were operating unregistered managed investment schemes and carrying on a financial services business without a licence. ASIC said Hopkins and The A Team Property Group promoted joint venture property developments ...

Commonwealth Super partners for admin uplift

JAMIE WILLIAMSON  |  WEDNESDAY, 27 NOV 2024
... technology systems keep pace with our goals. We're confident that Novigi's expertise in superannuation and financial services will ensure that CSC's systems are future-proofed while mitigating any key risks. "Consolidating our systems into one administration ...

Macquarie fined $25m over 400 fake trades

MATTHEW WAI  |  WEDNESDAY, 27 NOV 2024
... trades did not have any effect on the market. In relation to the incident, the FCA has banned Klein from the financial services industry; he would have been subjected to a fine if his application for serious financial hardship had not been successful. ...