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| | | ... APRA executive board member Geoff Summerhayes said the self-assessments proved the issues in CBA's risk governance work were not only common among Australia's banks, but the wider financial services sector. "Last financial year, APRA-regulated general ... |
| | | | ... expected to open on August 21 and will include a priority offer, a wholesale offer and a general public offer. Magellan is not appointing a broker syndicate for the raise. It will also cover the IPO costs through MFG. "We are addressing potential concerns ... |
| | | | ... are clearly interested in other vehicles such as SMAs [separately managed accounts] and exchange traded funds in the future, not just for Celeste but all our strategies," Zurich's head of savings and investments Matthew Drennan told Financial Standard. ... |
| | | | ... releasing its June financial year results this morning, Challenger flagged the loss of one major superannuation fund client it did not name, other than stating it was a "significant redemption" of equities by a profit-for-member fund. Managing director ... |
| | | | ... $918 couples needed to maintain their standard of living, and $648 for singles. This increase in headline rate, while it does not look large, hides some substantial increases in the cost of living in many basic items, said ASFA chief executive Martin ... |
| | | | ... in the new world. With ASIC 515 and all the extra requirements I had a few people warn me off the smaller licensees who may not be able to," she said. While Laird is fully qualified with a relevant degree, she does have to do the FASEA ethics course ... |
| | | | A former financial adviser who was banned from providing financial services by ASIC in 2018 has been charged with five counts of dishonest conduct. Mark Damion Kawecki has been charged for allegedly using false or misleading information in applications ... |
| | | | ... the same time as similarly surprising cuts from the Reserve Bank of India and the Bank of Thailand - while at the same time not discounting negative interest rates and/or quantitative easing. While most are still speculating over the "prospect" of a ... |
| | | | ... the budget for governance, culture, remuneration and accountability, ensuring the regulator's work in those areas was not constrained. However Byres warned that with more issues appearing on the regulator's plate, it risked falling short without ... |
| | | | ... business valuations to realistic market values of around 2.5x. It also announced a renewed wealth strategy focused on quality, not quantity of advisers. It's a strategy that is estimated to impact more than 50% of AMP and AMP-aligned advisers. Responding ... |
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