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Showing 10871 - 10880 of 28277 results for "NOT"

ASIC tightens grip on ICO issuers

KANIKA SOOD  |  WEDNESDAY, 2 MAY 2018
... Law. ASIC can now take action against misleading or deceptive conduct in marketing or selling of ICOs, even if the ICO does not involve a financial product. A week before ASIC acquired its ACCC powers, Australia's first laws for cryptocurrency service ...

ASIC deregisters 117 SMSF auditors

KANIKA SOOD  |  WEDNESDAY, 2 MAY 2018
... registrations will no longer be able to audit self-managed superannuation funds (SMSFs). "Conducting an audit of an SMSF when not permitted to do so may have further serious consequences for the fund and the auditor," the ASIC statement said.? In November ...

IOOF flags ANZ Wealth results ahead of acquisition

ALEX BURKE  |  WEDNESDAY, 2 MAY 2018
... regulatory hurdles to the completion of ANZ Wealth Management acquisition have been favourably resolved." IOOF added the ACCC does not intend to conduct a public review of the acquisitions, and the extension of concessional tax treatment for transferring ...

Chief economist update: A$ falls to the occasion

BENJAMIN ONG  |  WEDNESDAY, 2 MAY 2018
"My fellow Australians, ask not what your country can do for the Australian dollar, ask what the Australian dollar can do for your country." That's me bastardising John F. Kennedy's inaugural address as the 35th US President back in 1961 (before I was ...

Retail unit trusts leaking FUM

KANIKA SOOD  |  TUESDAY, 1 MAY 2018
... added that while ETF assets currently represent less than 5% of global assets, it expects this to grow significantly. "It is not a coincidence that BlackRock's strategy in Australia is to provide high conviction active strategies and continue to build ...

MDA provider makes key hires

JAMIE WILLIAMSON  |  TUESDAY, 1 MAY 2018
A $12.8 billion listed MDA provider appointed a new head of operations and head of product to its leadership team. Managed Accounts Holdings (MGP) has brought Craig Semmens on as head of operations for the Linear side of the business. He will provide ...

SMSFs ramp up LRBA and property allocations

KARREN VERGARA  |  TUESDAY, 1 MAY 2018
... 29.8% of savings was allocated to cash in June 2013, which dropped to a five-year low of 21.8% as at December last year. "Not only do these allocation change as SMSFs get larger, over time these allocation trends are getting stronger," Rainmaker said. ...

Retirement spending declines faster than believed: Research

KANIKA SOOD  |  TUESDAY, 1 MAY 2018
... spending including leisure and travel peters out as retirees age. The data also found that retirees' overall cost of living does not increase in line with CPI as is commonly believed -- rather it falls. This raises concerns about products aimed at retirees ...

Vale Terry Mackenroth

KARREN VERGARA  |  TUESDAY, 1 MAY 2018
Terry Mackenroth, QSuper trustee and former deputy premier and treasurer of Queensland, has passed away. Mackenroth joined QSuper in 2016 after a long-serving parliamentary career that spanned nearly 28 years. Mackenroth was responsible for setting ...

Pension funds must recognise stewardship licence: WTW

DARREN SNYDER  |  TUESDAY, 1 MAY 2018
... past five years there had been much improvement, Urwin added. For institutional investors globally, Urwin said boards must not compromise on investment competence, and the "perfect number" for an investment committee is five as it allows for cognitive ...