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Showing 921 - 930 of 4744 results for "July 1"

IFM consortium to take over Sydney Airport

ANNABELLE DICKSON  |  MONDAY, 8 NOV 2021
Sydney Airport has finally agreed to a takeover offer by a consortium led by IFM Investors. The consortium, otherwise known as Sydney Aviation Alliance and including IFM Investors, Global Infrastructure Management, QSuper and AustralianSuper has offered ...

Economic recap: Week to November 5

BENJAMIN ONG  |  MONDAY, 8 NOV 2021
The rise and rise of measured inflation across the globe has had financial markets bring forward rate hike expectations, and for good reasons. The Reserve Bank of New Zealand (RBNZ) started proceedings at its 6 October meeting when it doubled the official ...

Munro Partners launches climate fund

ANNABELLE DICKSON  |  WEDNESDAY, 3 NOV 2021
The investment manager alongside GSFM launched a new fund that provides exposure to companies benefiting from the move to decarbonisation. The Munro Climate Change Leaders Fund is available to Australian retail investors and is a portfolio of companies ...

Adviser exits continue, industry recruits 50

KARREN VERGARA  |  TUESDAY, 2 NOV 2021
Only 50 financial advisers joined the financial advice industry in the year to September, as Rainmaker analysis shows that the total population has dwindled to 19,238. Rainmaker's latest Financial adviser report reveals an 11% year-on-year drop in the ...

CBA pleads guilty to selling junk insurance

ANNABELLE DICKSON  |  MONDAY, 1 NOV 2021
Commonwealth Bank pleaded guilty to 30 criminal charges relating to misselling consumer credit insurance. The charges were brought by ASIC and relate to CBA's promotion and sale of CreditCard Plus and Loan Protection policies as an add-on insurance ...

Major legislations hit parliament

KARREN VERGARA  |  FRIDAY, 29 OCT 2021
Two major pieces of legislation have been introduced in parliament, including the Compensation Scheme of Last Resort. The scheme facilitates the reimbursement of up to $150,000 to compensate consumers affected by bad personal advice, credit intermediation ...

$450 super threshold to be scrapped

ELIZABETH MCARTHUR  |  THURSDAY, 28 OCT 2021
The government has moved on its election promise to scrap the $450 threshold for superannuation. Minister for superannuation, financial services, the digital economy and women's financial security Jane Hume said a bill introduced to Parliament yesterday ...

No proof of member benefit: APRA on super fund spends

JAMIE WILLIAMSON  |  TUESDAY, 26 OCT 2021
APRA has found instances of expenditure by superannuation funds that does not meet the best financial interests of members, including sponsorship deals and advertising spends with no evidence of member benefit. Releasing its review of RSE licensee marketing ...

Exam pass rate steady at 60%

KARREN VERGARA  |  TUESDAY, 26 OCT 2021
The September financial adviser exam pass rate was stable at 60% but continues to fall below the overall pass rate of 88.5%. The Financial Adviser Standards and Ethics Authority's latest examination statistics show that more than 1300 candidates sat ...

Commonwealth Financial Planning to shutter

ELIZABETH MCARTHUR  |  TUESDAY, 26 OCT 2021
Commonwealth Financial Planning is closing, Commonwealth Bank announced today. From today forward, Commonwealth FP cannot take on any new financial advice clients. Existing advisers and clients will have until November 30 to work out next steps, before ...