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Showing 991 - 1000 of 6175 results for "Statement"

MSCI reclassifies Pakistan to frontier market

KANIKA SOOD  |  WEDNESDAY, 8 SEP 2021
... classification framework for Emerging Markets, it no longer meets the standards for size and liquidity," MSCI said in a statement. "More specifically, index continuity rules, as described in section 2.4 of the MSCI Global Investable Market Indexes Methodology ...

Colonial First State faces penalties for MySuper conduct

KANIKA SOOD  |  WEDNESDAY, 8 SEP 2021
... them and obtain an investment direction to stay in the FirstChoice Fund when that was not the case," ASIC said in a statement. "Colonial also failed to tell members that if Colonial did not receive an investment direction from the member, it was required ...

AustralianSuper to shutter property option

KANIKA SOOD  |  FRIDAY, 3 SEP 2021
... manage liquidity in this option, and the underlying investments and costs for members in this option," it said in a statement sent to members. The spokesperson said AustralianSuper has contacted almost all the 15,000 members currently invested in the ...

NAB partners with life insurance, advice provider

ANNABELLE DICKSON  |  FRIDAY, 3 SEP 2021
The big four bank announced its partnership with Australia's largest medical defence organisation to extend its business finance solutions to doctors and healthcare professionals. NAB's Medfin Finance team signed a 10-year strategic partnership agreement ...

Financial adviser levy to drop

JAMIE WILLIAMSON  |  MONDAY, 30 AUG 2021
... see advisers pay close to a third of the $3138 estimated in the regulator's 2020/21 Cost Recovery Implementation Statement. In a joint release from treasurer Josh Frydenberg and minister for superannuation and financial services Jane Hume, the government ...

Maritime Super criticises unfair YFYS test

JAMIE WILLIAMSON  |  MONDAY, 30 AUG 2021
... performance is not an indicator of future performance, he said. "In our case, there's no better example of that statement being accurate. But what they're saying here [with the test] is that past performance is the only indicator of future performance," ...

Maritime Super dumps ISA membership

JAMIE WILLIAMSON  |  FRIDAY, 27 AUG 2021
... Industry Super Australia has announced Maritime Super has ended its association with the industry lobby group. In a statement on its website the group said it was advised on Thursday of the super fund's decision to withdraw from the industry fund ...

ASIC to ease hardline stance

KARREN VERGARA  |  FRIDAY, 27 AUG 2021
... treasurer Josh Frydenberg overnight released a new set of expectations and mandates for the corporate regulator. In the Statement of Expectations, Frydenberg said he expects ASIC to "minimise the costs and burdens of regulatory requirements for regulated ...

NAB fined $18.5m over misleading fee disclosure

JAMIE WILLIAMSON  |  THURSDAY, 26 AUG 2021
The big four bank has been ordered by the Federal Court to pay $18.5 million for misleading fee disclosure statements in relation to personal financial advice, in what is the first penalty imposed by the court for such failures. The court found NAB ...

NGS, ACSRF shelve merger plans

KANIKA SOOD  |  WEDNESDAY, 25 AUG 2021
... delivering the best outcomes for their members to help them achieve a financially secure future," they said in a combined statement. "Our members' interests have always been at the core of this proposed merger and after very careful consideration ...