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Showing 971 - 980 of 6177 results for "Statement"

Industry mixed over FSC advice framework

ANNABELLE DICKSON  |  FRIDAY, 15 OCT 2021
... safe-harbour steps abolished as a result of complying with the Best Interests Duty, and the Letter of Advice to replace the Statement of Advice and Record of Advice by 2023. Synchron director Don Trapnell said these proposals make sense but called into ...

ASIC extends SoA relief measure

KARREN VERGARA  |  THURSDAY, 14 OCT 2021
Corporate regulator ASIC is extending the temporary Statement of Advice relief measure until 15 April 2022. This marks the second time that ASIC has extended the relief measure, which enables advisers to replace SoAs with Records of Advice for existing ...

TWUSUPER cans merger plans

JAMIE WILLIAMSON  |  THURSDAY, 14 OCT 2021
... TWUSUPER has decided to not proceed with its planned merger with EISS Super, saying it will pursue other options. In a statement this morning, TWUSUPER advised the merger will not go ahead, saying: "Any merger must be in members' best interest." ...

FSC advice reforms slash time, costs by 30%

KARREN VERGARA  |  TUESDAY, 12 OCT 2021
... reducing the costs. Simplifying the advice model would lead to a 9% reduction in the cost of production, while removing the Statement of Advice in place of the Letter of Advice would help reduce overall costs by 17%. Further, adopting the changes could ...

EISS Super answers tough questions

ELIZABETH MCARTHUR  |  TUESDAY, 12 OCT 2021
... Alex Hutchinson stepped down following the media reports on spending and the YFYS test results. Hutchinson released a statement following his departure, in which he defended the fund's sponsorships and spending. "It was the right time for me to resign ...

IOOF restructures technology division

ANNABELLE DICKSON  |  FRIDAY, 8 OCT 2021
... and operations more closely aligns technology with the product and platform simplification roadmap," IOOF said in a statement. "Concurrently, analysis has been undertaken on the integration roadmap since completion and has identified opportunities to ...

Pendal makes changes in BIDS business

JAMIE WILLIAMSON  |  WEDNESDAY, 6 OCT 2021
... portfolio managers that currently report to head of bond, income and defensive strategies Vimal Gor will be promoted. In a statement to Financial Standard, Pendal chief executive Richard Brandweiner said the changes are being made "where we believe we ...

Soul Patts finalises merger

ANNABELLE DICKSON  |  TUESDAY, 5 OCT 2021
... investment teams to pursue dividend growth as well as capital growth and invest for the future," Crampton said in a statement in September. The transaction takes WHSP from its current market cap of $7.2 billion to $10.8 billion (about 50% higher pro ...

Spaceship hikes Voyager fees

ANNABELLE DICKSON  |  THURSDAY, 30 SEP 2021
... technology, launch new features, and build a sustainable business that lasts for years to come," Spaceship said in a statement. The new management fees do not impact nor replace the current Spaceship Super fees.

Economic recap: Week to September 24

BENJAMIN ONG  |  MONDAY, 27 SEP 2021
... the Fed's September 21-22 FOMC meeting. This time it became a case of heads, bulls win; tails bears lose. In its statement, the Fed noted that America's economy 'has made progress" towards its goals toward "maximum employment and inflation ...