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Showing 881 - 890 of 6072 results for "Commission"

Advice association shutters

ELIZABETH MCARTHUR  |  TUESDAY, 27 JUL 2021
A financial advice industry association, which had been vocal in boycotting the FASEA exam and fighting to retain life commissions, has shuttered. The United Financial Advisers Association (UFAA), which claimed to have 6000 members, quietly ended operations ...

Aon, Willis Towers Watson terminate merger

ELIZABETH MCARTHUR  |  TUESDAY, 27 JUL 2021
... merger was first announced on 9 March 2020. Shareholders of both approved the merger in August 2020, as did the European Commission. However, locally, the Australian Competition and Consumer Commission said in February that it believed the merger would ...

De Gori to leave FPA

JAMIE WILLIAMSON  |  MONDAY, 26 JUL 2021
... the industry body through what has been one of the most tumultuous times for financial advice, including the Royal Commission and subsequent regulatory reforms, increasing costs to operate and implementation of minimum education standards. Most recently ...

AMP shakes up advice service model

KARREN VERGARA, JAMIE WILLIAMSON  |  MONDAY, 26 JUL 2021
... be brought against the AMP group. AMP's BOLR measures have been under close scrutiny since the 2018 Hayne Royal Commission. In an early hearing, senior counsel assisting Rowena Orr highlighted instances in which service fees were still charged after ...

Victorian government agency hunts for fund manager

KANIKA SOOD  |  FRIDAY, 23 JUL 2021
The Victoria government's LaunchVic is looking for a fund manager to run a $120million startup fund. The Victorian Startup Capital Fund (VSCF) is a fund-of-funds that was announced in the Victorian Budget 2020/21 and will invest in Victorian early-stage ...

Greenwashing scrutiny needed: Evergreen

ELIZABETH MCARTHUR  |  FRIDAY, 23 JUL 2021
ASIC's research project into the extent of greenwashing in the investment management industry should be commended, according to Evergreen Consultants. "ESG or responsible investing is arguably the single largest trend in the investment universe today," ...

ASIC consults on anti-hawking rules

KANIKA SOOD  |  THURSDAY, 22 JUL 2021
... Anti-hawking reforms are slated for an October 5 start. They are a part of the government's response to the Hayne Royal Commission, which said hawking meant Australians were getting sold financial products they did not need or want. The consultation ...

Companies failing harassment victims: ACSI

ELIZABETH MCARTHUR  |  THURSDAY, 22 JUL 2021
... AMP Capital in Australia. Kate Jenkins, Australian sex discrimination commissioner for the Australian Human Rights Commission, said Szlakowski's story highlights several of the systematic failures to properly address sexual harassment that exist within ...

ASIC prepares licensees for reference checks

KARREN VERGARA  |  WEDNESDAY, 21 JUL 2021
... cancelling a licence or imposing licence conditions. The new rules are covered by the Financial Sector Reform (Hayne Royal Commission Response) Act 2020 and ASIC' Reference checking and information sharing protocol, which both take effect on October ...

Retirement Income Covenant paper released

KANIKA SOOD  |  TUESDAY, 20 JUL 2021
The government has released a position paper on the Retirement Income Covenant and is inviting submissions until August 6. Subject to the legislation passing, the government plans to have the covenant come into effect in July 2022. The new paper, released ...