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Showing 1061 - 1070 of 3268 results for "January 29"

Government fund appoints new chair

KANIKA SOOD  |  MONDAY, 16 DEC 2019
A $110 billion superannuation fund has appointed a new chair as it continues to sound out another fund for a potential merger. Don Luke is taking over as the chair of QSuper as incumbent chair Karl Morris steps down after two terms. Luke was most recently ...

Chief economist update: Three cheers for Christmas

BENJAMIN ONG  |  MONDAY, 16 DEC 2019
"Christmas, Christmas time is near, Time for toys and time for cheer..." - Alvin & the Chipmunks I can almost hear those little chipmunk voices singing this Christmas song as I browsed through last week's news of good tidings... and they came in ...

ASIC winds up alleged unregistered scheme

ELIZA BAVIN  |  FRIDAY, 13 DEC 2019
ASIC has taken steps to wind up an unregistered managed investment scheme. The regulator said it has filed an application seeking leave to apply for further orders in the Federal Court in Western Australia to wind up the alleged unregistered managed ...

Practice profitability at risk: MLC Life

JAMIE WILLIAMSON  |  FRIDAY, 13 DEC 2019
Risk advisers will need to reduce their expenses by up to 25% to remain profitable as further Life Insurance Framework changes come into effect on January 1. New research commissioned by MLC Life shows commission-only financial advisers - particularly ...

Chief economist update: Has the Fed conquered the yield curve?

BENJAMIN ONG  |  THURSDAY, 12 DEC 2019
Mission accomplished! This appears to be the Fed's latest missive at the conclusion of its 10-11 December FOMC meeting - after three 25 bps cuts - in July, September and October - that took the fed funds rate from 2.5% to 1.75%. Fed chair Jerome ...

AMP to cut contribution fees

JAMIE WILLIAMSON  |  WEDNESDAY, 11 DEC 2019
AMP has informed licensees and financial advisers it will phase out contribution fees in Q1 2020. In a letter from AMP managing director of superannuation, retirement and platforms Lara Bourguignon, AMP has said it will cease charging and paying contribution ...

AMP welcomes former PwC partner

ELIZA BAVIN  |  WEDNESDAY, 11 DEC 2019
AMP has announced changes to its board, with the appointment of a former PwC partner as a non-executive director. Rahoul Chowdry will join the board, effective January 1, having held leadership and senior executive roles in the professional services ...

Fix gaps in AFCA remit: Creevey Russell

ELIZABETH MCARTHUR  |  MONDAY, 9 DEC 2019
Creevey Russell principle Dan Creevey is calling on the government to urgently fix gaps in reforms made to the Australian Financial Complaints Authority, with certain groups at risk. As part of the reforms following the Royal Commission, changes were ...

Chief economist update: It's Christmas time in the city

BENJAMIN ONG  |  MONDAY, 9 DEC 2019
"Oh the weather outside is frightful..." While a "phase one" deal between the US and China appears to be close (again), it's still prudent not to write-off the possibility of a re-escalation in the tariff wars given Trump's recent targeting ...

Industry fund cuts fees

HARRISON WORLEY  |  FRIDAY, 6 DEC 2019
A $100 billion industry superannuation fund is the latest to make an end-of-year adjustment to its fees. First State Super has made an 11 basis point cut to the investment fee in its balanced growth lifecycle MySuper strategy for employer sponsored ...