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Showing 841 - 850 of 8316 results for "Retail"

FPA voices concern on proposed CSLR, FAR laws

ANDREW MCKEAN  |  FRIDAY, 10 MAR 2023
... implications for members. "An effective CSLR will promote trust in financial advice among consumers - by ensuring that if retail consumers have lost money due to poor advice, there is a compensation mechanism available," FPA chief executive Sarah Abood ...

Dodgy advice bill nears $5bn: ASIC

CASSANDRA BALDINI  |  FRIDAY, 10 MAR 2023
... supervised their financial advisers to identify and deal with non-compliant advice. For example, personal advice provided to a retail client by an adviser who did not comply with the relevant conduct obligations in the Corporations Act, such as the obligations ...

Senate inquiry to scrutinise proposed franking credit rules

ANDREW MCKEAN  |  THURSDAY, 9 MAR 2023
... principle, it criticised the legislation's retrospective nature, which it deemed unreasonable and unfair to expect retail shareholders to anticipate. The ASA also questioned the broadness and subjectivity of the tests used to determine which transactions ...

Review of managed investment schemes kicks off

JAMIE WILLIAMSON  |  THURSDAY, 9 MAR 2023
... the framework is fit-for-purpose, specifically looking at whether the thresholds that determine whether an investor is a retail or wholesale client remain appropriate; whether certain MIS investments should be able to be marketed and sold to retail investors ...

We are closer to a pause: Lowe

CASSANDRA BALDINI  |  WEDNESDAY, 8 MAR 2023
... our next board meeting, we will have important data on employment, another monthly inflation indicator, more detail on retail spending and the business survey." "If collectively they suggest that the right thing is to pause, then we will do that. But ...

In need of repair: Gender stereotypes and advice

KARREN VERGARA  |  TUESDAY, 7 MAR 2023
... deeply disappointing albeit not surprising results. After analysing some 27,000 meetings between financial advisers and the retail clients of a large European bank in 2021, Tabea Bucher-Koenen, Andreas Hackethal, Johannes Koenen, and Christine Laudenbach ...

Airlie founder to step down, successor named

KARREN VERGARA  |  TUESDAY, 7 MAR 2023
... with Magellan in 2018, Airlie has continued to enhance its offering and provide strong outcomes for our institutional and retail clients." Magellan took over Airlie, which had $6 billion at the time. As part of the acquisition. Magellan then launched ...

Bravura $80m restructure underway

KARREN VERGARA  |  TUESDAY, 7 MAR 2023
... placement, issued at 40 cents per share. The ASX-listed firm is confident that it will raise an additional $17 million among retail shareholders on March 13. All in all, the raise equates to about 200 million new shares issued. Chief executive Libby ...

Magellan sees more outflows

CHLOE WALKER  |  MONDAY, 6 MAR 2023
... saw net outflows of $0.8 billion, reverting its funds under management (FUM) to $45.4 billion. The result was due to net retail outflows of $0.5 billion and net institutional outflows of $0.3 billion. By asset class, Magellan saw a slight loss in its ...

AIA adds four regional managers

JAMIE WILLIAMSON  |  THURSDAY, 2 MAR 2023
AIA is growing its retail distribution capabilities, adding four regional managers to the business to better support financial advisers. Following the appointment of Craig Parker as general manager, retail distribution, AIA has reformed its managerial ...