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Showing 1021 - 1030 of 2427 results for "NEC"

GAM to liquidate bond funds

JAMIE WILLIAMSON  |  MONDAY, 13 AUG 2018
GAM Investments will liquidate its suite of absolute return bond funds following the suspension of its head of absolute return strategies. Last week GAM announced it had suspended investment director Tim Haywood for risk management and record keeping ...

NAB CEO apologises over super failures

HARRISON WORLEY, DARREN SNYDER  |  FRIDAY, 10 AUG 2018
National Australia Bank chief executive Andrew Thorburn took to social media yesterday to apologise on behalf of the group's 34,000 staff for failures identified at the financial services Royal Commission. Speaking about confronting allegations ...

Equity Trustees responds to GAM suspension

JAMIE WILLIAMSON  |  TUESDAY, 7 AUG 2018
Equity Trustees halted applications into and redemptions from two GAM Investments funds following the suspension of the global manager's fixed income investment director. In a letter to unitholders, Equity Trustees - as responsible entity for the ...

Royal Commission revisits fees for no service

KARREN VERGARA  |  MONDAY, 6 AUG 2018
Superannuation funds are coming clean about charging members advice fees in return for no services well before the financial services Royal Commission kicks into its latest round of public hearings. In the Royal Commission's fifth round, which kicked ...

One measure not enough to revoke MySuper: APRA

HARRISON WORLEY  |  MONDAY, 6 AUG 2018
The prudential regulator cautioned against the use of a sole measure to determine whether an underperforming superannuation fund should retain MySuper authorisation. In its latest submission to the Productivity Commission on superannuation's competitiveness ...

Chief economist update: Not before we get a pay rise

BENJAMIN ONG  |  MONDAY, 6 AUG 2018
Just in time for tomorrow's Reserve Bank of Australia (RBA) monthly board meeting, ME Bank published the results of the 14th survey of its "Household Financial Comfort Report", taken last June. "The ME Household Financial Comfort Report provides ...

ASIC identifies potential risks in ETP market

KANIKA SOOD  |  FRIDAY, 3 AUG 2018
ASIC has identified three potential risks in the $40 billion market for exchange-traded products, following a review triggered by SMSFs and retail investors' growing investment in the vehicles. The three risks in the ETP markets were: temporary widening ...

Royal Commission work impeded: Hayne

DARREN SNYDER  |  THURSDAY, 2 AUG 2018
Commissioner Kenneth Hayne has publicly recorded delays in accessing documents from IOOF ahead of the fifth round of the financial services Royal Commission, beginning August 6. In a ruling published yesterday, the Commissioner detailed that IOOF subsidiary ...

Financial literacy in females continues to lag

KANIKA SOOD  |  TUESDAY, 31 JUL 2018
Women are falling behind in almost all aspects of financial literacy and by considerable measure, according to the latest HILDA survey. For the latest study, University of Melbourne researchers administered a five-point financial literacy test, assessing ...

Chief economist update: ECB on track for exit

BENJAMIN ONG  |  FRIDAY, 27 JUL 2018
Nobody expected action from the European Central Bank's (ECB) July 26 meeting. The Bank did not disappoint. It kept its benchmark repo rate at 0% - so were the rates on its deposit facility (-0.4%) and marginal lending facility (0.25%) - and repeated ...