Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 10591 - 10600 of 21783 results for "Dec"

ASIC bans Deutsche Bank trader

KERRIE SYDEE  |  THURSDAY, 29 SEP 2016
ASIC permanently banned a former Deutsche Bank FX options and futures trader from providing financial services. Andrew Donaldson of Sydney was banned following an ASIC investigation into Donaldson's conduct in 2013 and 2014, where he entered false entries ...

Economic Wrap

BENJAMIN ONG  |  THURSDAY, 29 SEP 2016
US durable goods orders The latest update on total new durable goods orders could easily be taken as a positive for, despite a flat (0% growth) outcome in August from July, this was better than market expectations for a 1.9% decline and could be attributed ...

Next wave of super legislation rolls in

DARREN SNYDER  |  WEDNESDAY, 28 SEP 2016
Attempting to keep superannuation reforms on the move, Treasurer Scott Morrison released more draft legislation yesterday. Among the second tranche of legislation are plans to implement the $1.6 million transfer balance cap, limiting the amount an individual ...

Clock ticks for institutional advice licensees

DARREN SNYDER  |  WEDNESDAY, 28 SEP 2016
A dealer group executive believes the clock is ticking for advisers at institutional licensees as another bank-owned advice service announced it was exiting the industry this week. Following news that Bankwest would be closing its salaried advice division ...

Fraudulent adviser faces court

JAMIE WILLIAMSON  |  WEDNESDAY, 28 SEP 2016
A former New South Wales financial adviser has appeared in court over 19 fraud-related charges brought by ASIC. Following an investigation by the regulator, Gabriel Nakhl faced the Local Court of New South Wales yesterday, accused of engaging in dishonest ...

Lonsec increases global exposure

JAMIE WILLIAMSON  |  WEDNESDAY, 28 SEP 2016
Lonsec has shifted the strategic asset allocation weights for its traditional balanced risk profile in order to meet investment objectives. As part of its recent strategic asset allocation review, the investment firm made downward adjustments to its ...

Current super objective "un-Australian"

DARREN SNYDER  |  TUESDAY, 27 SEP 2016
ASFA believes it is "un-Australian" for politicians to settle on an inadequate objective for superannuation that restricts its purpose to merely substitute or supplement the age pension. The super fund representative body is urging people to take interest ...

Masterfunds grow despite underperformance of platforms

JAMIE WILLIAMSON  |  TUESDAY, 27 SEP 2016
The overall masterfund market grew by $21.4 billion over the last financial year, according to data from Strategic Insight. The research house, formerly known as Plan for Life, has released its annual analysis of wrap, platform and master trust managed ...

Former Westpac adviser banned

JAMIE WILLIAMSON  |  TUESDAY, 27 SEP 2016
ASIC has banned a former Westpac adviser from providing financial services for four years. Michael Mahoney of Adelaide has been disqualified after an ASIC investigation found that he engaged in misleading and deceptive conduct during his time as a Westpac ...

LT Management fined over false SMSF advertising

JAMIE WILLIAMSON  |  TUESDAY, 27 SEP 2016
LT Management has paid an infringement notice for making misleading statements in relation to establishing a self-managed superannuation fund. The company was fined $10,800 by ASIC for deceptive representations in regards to the cost of setting up an ...