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| | | Treasury has opened its long-awaited consultation on the sustainability of the Compensation Scheme of Last Resort (CSLR) and the best way for the industry to fund it. Minister for financial services Daniel Mulino is seeking options on how the CSLR can ... |
| | | | ... likely be hit harder than institutional investors. While they would have been told about the risks, retail investors will seek remedy in the courts "if anything ever goes wrong." "Additionally, anything that gets sold to retail investors as opposed to ... |
| | | | ... range of investment strategies, spanning traditional global equity and liquid alternative strategies, and we will actively seek to expand our fund offerings in the coming period. In the meantime, our focus will be on communicating the benefits of managed ... |
| | | | The pass rate has surpassed 70% for the first time in a year. In the March exam cycle, 292 sat the exam and 209, or 71.6%, passed the exam. Some 227 (77.7%) sat the exam for the first time. Unsuccessful candidates will receive general feedback on areas ... |
| | | | ... can set up those bespoke estate planning features," he says. KeyInvest expects an uptick in business as more Australians seek solutions to individual problems, and is focusing on building the capability to meet the growing demand. "We've been preparing ... |
| | | | ... moved to the new exchange. "Trading on the ASX underscores our commitment to providing low-cost, value-added solutions that seek to empower financial professionals in Australia to create value for their clients," said Avantis Investors chief investment ... |
| | | | The Tax Practitioners Board (TPB) has proposed new artificial intelligence (AI) usage rules for tax practitioners while providing tax agent services. The TPB has released draft guidance and is seeking feedback until April 21. Some of the core obligations ... |
| | | | APRA has finalised its changes to longevity products' capital framework that will impact annuities and retirement income products, namely introducing the "advanced illiquidity premium" (AILP). After consulting with the industry, APRA released its ... |
| | | | ... staying in accumulation," Blakey said. "That's why we're calling for a well-designed default mechanism that would seek to ensure no Australian is left behind simply because the system failed to guide them." The whitepaper also noted the consequences ... |
| | | | The Federal Court has ordered Oztures Trading, known as Binance Australia Derivatives, to pay $10 million after it was found to have misclassified more than 85%, or 524, of its retail clients between July 2022 and April 2023. ASIC commenced legal proceedings ... |
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