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Showing 991 - 1000 of 4023 results for "January"

First strike at Pengana LIC

KANIKA SOOD  |  THURSDAY, 29 OCT 2020
... outstripped the MSCI World Total Return Index by 6.5%. It is also moving from an annual dividend to quarterly dividends (January, April and July), after switching to fully-franked dividends in May. The remuneration included $65,700 for the chair Francis ...

Evans and Partners looks to delist LITs

KANIKA SOOD  |  THURSDAY, 29 OCT 2020
... (EGF) and the $125 million Asia Fund (EAF). All three will seek shareholder approval at a December 2 virtual meeting for a January 29 delisting from the ASX. Walsh and Company said the change could improve liquidity, as investors go from being in thinly-traded ...

Public servants caught in SG bungle

KARREN VERGARA  |  THURSDAY, 29 OCT 2020
... estimated that about $30 million was owed, comprising $20 million in underpayments and $10 million worth of interest. Between January and June 2020, an audit was conducted to investigate the matter. In late October, Auditor-General for the Northern Territory ...

Remote exams offered to Melbourne advisers

KARREN VERGARA  |  FRIDAY, 23 OCT 2020
... advised those who registered for a Melbourne physical location exam will have the option to sit the exam online, defer to January or complete a later sitting. The Geelong exam location will continue to be offered to advisers in regional Victoria. "This ...

Morningstar creates chief ratings officer role

KARREN VERGARA  |  FRIDAY, 23 OCT 2020
... Morningstar has created a new chief ratings officer position and combined the leadership roles of two research units. From 1 January 2021, two long-serving employees will take on new titles as the Chicago-based firm restructures its investment coverage ...

Legacy AMP Life policyholders take premium hit

ELIZABETH MCARTHUR  |  FRIDAY, 23 OCT 2020
... directive that the life insurance industry should offer more sustainable, financially resilient products. APRA said in January that the viability of some insurance products were in severe doubt due to risks and challenges hampering profitability. The ...

Bendigo and Adelaide Bank overstates liquidity

ANNABELLE DICKSON  |  THURSDAY, 22 OCT 2020
... that the breaches resulted in an understatement of expected net cash outflow and overstated its liquidity position since January 2015. Despite the bank's liquidity sitting above the regulator's minimum requirements, APRA has enforced a 10% increase to ...

APRA reduces ERS reporting for funds

ELIZA BAVIN  |  WEDNESDAY, 21 OCT 2020
... only require sections 6-8 of SRF 91.1: COVID-19 Pandemic Data Collection to be reported on a monthly basis through to 31 January 2021. This means APRA will be putting a greater focus on fraud risk and prevention in the early release scheme. Funds will ...

Societe Generale fined over client breaches

ANNABELLE DICKSON  |  WEDNESDAY, 21 OCT 2020
... $771 million and the bank was fined $15,000 for these two counts. Furthermore, the third count was for breaches during January 2017 through to January 2018 where on 20 separate occasions part of Societe Generale's intercompany margin call/reconciliation ...

Self-licensing on the horizon

KARREN VERGARA  |  MONDAY, 19 OCT 2020
... as to how licensees are adapting to the changing regulatory environment. With grandfathered commissions ceasing from 1 January 2021, Cullen said advisers need to ensure licensees have the necessary scale and structure in place to manage the transition ...