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|John Price has been appointed as a new ASIC commissioner on a three year term. Price has worked as a lawyer at the Australian Securities and Investments Commission (ASIC) for the past 12 years, holding a number of senior positions. He was involved in ...|
|CommInsure has appointed Olivia Sarah-Le Lacheur as head of national accounts. In her new role, Sarah-Le Lacheur will manage the insurer's relationship with CBA's advice businesses and the bank itself. She will also be responsible for CommInsure's national ...|
|Standard & Poor's said its ratings on Schroders' Australian equity fund are unchanged following the resignations of two analysts. The agency said Kent Jensen is returning home to Norway while Alex Mears has decided to take a career break. "We are comfortable ...|
|The devil will be in the detail of the new requirements on opt-in according to ANZ Wealth, with a number of issues still to consider. The government yesterday released its amendment to the FOFA legislation relating to the controversial requirement ...|
|The government has moved to clarify the FOFA amendment relating to opt-in. The amendment, as seen by Financial Standard this afternoon, states: Corporations Amendment (Future of Financial Advice) Bill 2011 Schedule 1, item 10, page 8 (after line 19) ...|
|The Financial Services Council has accused the government of "walking away" from the "centrepiece" of the FOFA reforms by dropping the opt-in requirement for advisers. The FSC said it was responding to FOFA amendments tabled in parliament today, maintaining ...|
|Former Count Financial chief Andrew Gale has been appointed as a director on the board of the Self- Managed Super Fund Professionals' Association of Australia. Gale was managing director and chief executive of Count Financial before it was taken over ...|
|The AFA has weighed into the debate over allegations a deal had been struck between the FPA and Industry Super Network on opt-in and the use of the term "financial planner". National media reported this week that the Financial Planning Association (FPA) ...|
|The PJC is recommending the government redraft the MySuper Bill to clarify the clause relating to large employers and the provision of tailored MySuper products. In its 102-page report released this week, the Parliamentary Joint Committee (PJC) on Corporations ...|
|Financial portfolio administrator Praemium has made a number of changes to its board, which includes the resignation of non-executive director and former chair Don Stammer. Stammer was chair from the time the company was first listed on the ASX in July ...|
Charities have called on the government to plan for a gradual transition of its stimulatory payments so as to avoid the loss of more than 200,000 jobs in the sector.
A fund manager will remediate clients in eight funds after a recent review of its management costs identified a unit pricing error.
Equity Trustees has handed over the management of Newgate Real Estate and Infrastructure Fund to a new manager, as Newgate Capital announces its intention to retire from the fund.
Zurich Australia and OnePath Life announced donations to 20 charities with COVID-19 response funding.
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