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Showing 71 - 80 of 1691 results for "Royal"

ASIC issues new guidance on DBFO reforms

KARREN VERGARA  |  FRIDAY, 22 NOV 2024
... first tranche under the Treasury Laws Amendment (Delivering Better Financial Outcomes and Other Measures) Act 2024 received Royal Assent on July 9.

Admin and compliance taking up 56% of advice practice costs

ELIZA BAVIN  |  MONDAY, 18 NOV 2024
... "Our industry has been grappling with the fragmentation and inefficiencies that arose after the 2018 Financial Services Royal Commission, which led to the exit of major banks from providing advice. The industry is simply not equipped to meet the growing ...

Australian ETFs reach $233bn in FUM

ELIZA BAVIN  |  TUESDAY, 12 NOV 2024
The Australian ETF industry continues to see strong inflows, according to the VanEck ETF Industry Pulse October 2024, reaching a record $233 billion in funds under management. This is up 2.7% from September 2024 and up 54.5% from October 2023. Betashares ...

CFS unveils fund manager, fee changes to FirstChoice

KARREN VERGARA  |  TUESDAY, 29 OCT 2024
... Magellan's Infrastructure option fees will go from 1.56% p.a. to 1.30% p.a. Also from November 16, the names of Ironbark Royal London Concentrated Global Share Fund and Ironbark Royal London Core Global Share Fund will change to Royal London Concentrated ...

ASIC secures win against HCF Life

ELIZA BAVIN  |  TUESDAY, 29 OCT 2024
... 2021, the unfair contract terms regime was expanded to include insurance contracts, arising from a recommendation of the Royal Commission into Misconduct in the Banking, Superannuation, and Financial Services Industry.

Aussies struggle with financial goals: Generation Life

ANDREW MCKEAN  |  WEDNESDAY, 16 OCT 2024
... quarter of the unadvised also cite trust as a barrier to advice. "Trust in financial advice has come a long way since the Royal Commission," Nash said. "But ultimately, a lack of understanding about the industry, and how strategic and in-depth advice ...

Nobel laureates link economic prosperity to colonialism

JAMIE WILLIAMSON  |  TUESDAY, 15 OCT 2024
... poorer since. This is an important reason for why former colonies that were once rich are now poor, and vice versa, The Royal Swedish Academy of Sciences said. In countries with "extractive institutions" and low economic growth, the introduction of these ...

Pride Advice acquires two Adelaide-based firms

MATTHEW WAI  |  TUESDAY, 8 OCT 2024
... fees for tax-related guidance are now deductible. "The cost of financial advice has increased since the Financial Services Royal Commission handed down its findings five years ago, and the number of financial advisers has significantly decreased," Schatto ...

Lack of talent challenging DDO compliance

JAMIE WILLIAMSON  |  MONDAY, 23 SEP 2024
... risk and compliance yet. Compounding the issue is the fact that salaries for risk roles have risen substantially since the Royal Commission. For example, Chisholm said, remuneration for a risk analyst has increased close to 70%; someone with between ...

ASIC, RBA handed new financial market infrastructure powers

ANDREW MCKEAN  |  FRIDAY, 20 SEP 2024
... enforcement abilities. The Treasury Laws Amendment (Financial Market Infrastructure and Other Measures) Bill 2024, which received Royal Assent earlier this week, aims to strengthen the existing regulatory regime, giving the regulators the authority to ...