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Showing 921 - 930 of 6175 results for "Statement"

Financial watchdog warns on crypto

CHLOE WALKER  |  TUESDAY, 18 JAN 2022
In a public statement this week, the Australian Securities and Investment Commission ( ASIC) has issued a warning urging self-managed super funds (SMSFs) to consider the risks of cryptocurrency investments. The corporate regulator said that it had noticed ...

Blackstone inches closer to Crown Resorts deal

CHLOE WALKER  |  FRIDAY, 14 JAN 2022
... shareholders to engage further with Blackstone on a non-exclusive basis in relation to the revised proposal," it said in a statement to the ASX. "Accordingly, Crown has decided to provide Blackstone with the opportunity to finalise its due diligence ...

VGI Partners confirms merger talks

KARREN VERGARA  |  MONDAY, 10 JAN 2022
... disclosure obligations to the market and will keep the market informed consistent with those obligations," the firm said in a statement. The Australian also reported Challenger as one of the other parties that could either merge or acquire VGI, as executives ...

Media Super apologises for major calculator error

JAMIE WILLIAMSON  |  THURSDAY, 6 JAN 2022
Members of Media Super have received an apology from the fund after it was discovered the information underpinning its benefit projection tool hadn't been updated since 2015. Media Super's Retirement Income Simulator was made available on its public ...

ASIC bans adviser for two years

CHLOE WALKER  |  WEDNESDAY, 22 DEC 2021
... records and gave non-compliant Statements of Advice (SoAs) by not including information about the basis of his advice," a statement released on Monday read. "ASIC considered these failures showed a disregard of compliance obligations and an absence of ...

Shoddy exam feedback fuels adviser stress

KARREN VERGARA  |  WEDNESDAY, 22 DEC 2021
... issues or questions. "[And] both members and FASEA have confirmed these conversations have occurred," the FPA said in a statement. The Association of Financial Advisers commented: "It remains a fact that those who have continued to fail the exam would ...

Government backflips on adviser education

ELIZABETH MCARTHUR  |  FRIDAY, 17 DEC 2021
... from 1 January 2022, the power to set education standards for financial advisers will transfer from FASEA to Hume. In a statement, Hume's office said simplifying the minimum education requirements is consistent with the legislation and will achieve the ...

OnePath Custodians sued over fees for no service

JAMIE WILLIAMSON  |  WEDNESDAY, 15 DEC 2021
Civil penalty proceedings have commenced in the Federal Court against OnePath Custodians for allegedly charging super fund members fees for no service, filed by ASIC. ASIC is alleging OnePath incorrectly charged more than $4 million in fees to more ...

ASIC bans two Sydney based advisers

CHLOE WALKER  |  WEDNESDAY, 15 DEC 2021
... not," ASIC stated. Cummings also failed to implement a system to refund clients that had been overcharged fees. The ASIC statement says it found Allen was involved in Cummings' non-compliance with the requirement to provide SoAs. Allen had also audited ...

Melinda Howes bids farewell to BT

JAMIE WILLIAMSON  |  TUESDAY, 14 DEC 2021
... superannuation business: "I told them the only super business I would like to work for is BT - and it turns out it was BT." In a statement, a spokesperson for BT said: "We thank Melinda for her long service to BT superannuation which has included the ...