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Showing 871 - 880 of 6175 results for "Statement"

ETF growth slows but investors remain resilient

ANDREW MCKEAN  |  WEDNESDAY, 13 APR 2022
... relatively low compares to average net flow figures over the last 12 months. Voicing a similar sentiment, a separate Vanguard statement concluded that global uncertainty had a correlation to the overall slowdown in ETF flows. Vanguard's head of ETF ...

APRA 'digging into' super fund contributions to unions

ANDREW MCKEAN  |  WEDNESDAY, 13 APR 2022
... deliver better outcomes." Several days after the Senate estimates had concluded, Bragg's office released an official statement which said: "At last. The superannuation regulator APRA has launched a probe into superannuation contributions to trade unions." ...

Yarra Capital Management hunts distribution lead

JAMIE WILLIAMSON  |  MONDAY, 11 APR 2022
... leaves behind his role at Yarra Capital Management - one that is yet to be filled, the investment manager confirmed. In a statement to Financial Standard, Yarra Capital Management managing director Ed Eason said: "We are in the process of appointing ...

Parliamentary committee hears KPMG assumed 'conflicting engagements knowingly'

ANDREW MCKEAN  |  MONDAY, 11 APR 2022
... government to play in preventing and managing such conflicts when they are the client, or in this case, clients." In a statement released in February 2022, KPMG conceded that: "In respect to TAHE we accept we haven't got everything right and we're sorry ...

BT Funds Management fined $20m

JAMIE WILLIAMSON  |  FRIDAY, 8 APR 2022
BT Funds Management has been handed a $20 million fine by the Federal Court for continuing to charge commission payments to superannuation members for seven years after they were banned. BT Funds Management charged insurance premiums that included commissions ...

COVID-19 financial advice relief to be repealed

ANDREW MCKEAN  |  FRIDAY, 8 APR 2022
... April 2020. The central tenants of these reliefs allowed financial advisers to provide a Record of Advice, rather than a Statement of Advice, to existing clients requiring financial advice due to pandemic related impacts. Relief was also given by way ...

Australian Ethical, Christian Super explore merger

JAMIE WILLIAMSON  |  WEDNESDAY, 6 APR 2022
... directed to merge by APRA, Christian Super has signed a Memorandum of Understanding to do so with Australian Ethical. In a statement to the ASX, Australian Ethical said the two parties are undertaking due diligence to explore possible synergies created ...

ASIC takes Federal Court action against Macquarie Bank

ANDREW MCKEAN  |  TUESDAY, 5 APR 2022
... for an independent review of Macquarie's fee authorities and fee transactions using its bulk transaction system. In a statement, Macquarie Group detailed that it had cooperated with ASIC's investigation into the cash management account thirty party fee ...

Border rule-breaking former adviser banned

JAMIE WILLIAMSON  |  TUESDAY, 5 APR 2022
... from managing corporations for five years. Babbage was a member of the Finance Brokers Association of Australia. In a statement to Financial Standard at the time of his conviction, the FBAA commented: "We are aware of the media reports around Mark Babbage ...

ASIC extends relief for retirement estimates

CHLOE WALKER  |  THURSDAY, 31 MAR 2022
ASIC has extended the relief for superannuation trustees who give their members retirement estimates as part of their periodic statements. The existing relief has been extended for a period of nine months, which the regulator said will allow superannuation ...