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Showing 1081 - 1090 of 2427 results for "NEC"

ASIC ramps up surveillance and remediation after adviser conflict report

KARREN VERGARA  |  THURSDAY, 25 JAN 2018
ASIC is ramping up its surveillance and remediation processes to help curb further adviser conflicts of interest within vertically integrated institutions. In light of the Report 562 findings, which examined adviser conflicts of interest across bank-owned ...

Vertically integrated institutions failing to manage conflicts of interest

JAMIE WILLIAMSON  |  THURSDAY, 25 JAN 2018
Financial advisers employed by Australia's five largest vertically integrated institutions failed to act in the best interests of clients 75% of the time, favouring their own products and leaving clients ''significantly worse off" in 10% of cases. These ...

Chief economist update: Red light on greenback

BENJAMIN ONG  |  THURSDAY, 25 JAN 2018
Down, down, the US dollar is down (again). Bloomberg's USD index shows that the US dollar dropped 1.0% overnight - taking its 2018-to-date decline to minus 3.2% -- on the back of US Treasury Secretary Steven Mnuchin's comments At the World Economic ...

Product agnostic planners boost ETFs

JAMIE WILLIAMSON  |  WEDNESDAY, 24 JAN 2018
Australia's ETF market could have fee-for-service financial planners to thank for its ongoing growth. Total funds under management for ASX-listed ETFs increased 44.2% in the 12 months to November 2017 to hit a record $35.5 billion. Researcher Cerulli ...

Chief economist update: No stealth tapering, no exit strategy...yet

BENJAMIN ONG  |  WEDNESDAY, 24 JAN 2018
"QQE with Yield Control" is here to stay as long as it's necessary to "achieve the price stability target of 2 percent" and "stays above target in a stable manner". The Bank of Japan (BOJ) couldn't be clearer on its forward guidance following the conclusion ...

HLB Mann Judd revises AFSL

JAMIE WILLIAMSON  |  THURSDAY, 18 JAN 2018
A division of financial services firm HLB Mann Judd can no longer provide independent expert advice under an agreement with ASIC. The corporate regulator has accepted a voluntary variation of the AFSL held by HLB Mann Judd Melbourne's corporate finance ...

Companies must clarify purpose: Fink

JAMIE WILLIAMSON  |  WEDNESDAY, 17 JAN 2018
The chief executive of the world's largest investment firm believes the world's public companies may lose their license to operate if they fail to engage with activist investors to ensure long-term value for shareholders. In his annual letter to chief ...

Banks can take lead on financial inclusion

DARREN SNYDER  |  TUESDAY, 16 JAN 2018
Innovative non-bank institutions will fill the financial inclusion gap in Asia Pacific if traditional banks do not secure an estimated $110 billion in untapped revenue. This is a key point from the latest EY report on financial inclusion - a term which ...

J.P. Morgan winds up global equities fund

ALEX BURKE  |  TUESDAY, 9 JAN 2018
J.P. Morgan has requested the responsible entity of one of its global equity products to terminate the fund and distribute net proceeds to unitholders. The JPMorgan Global Income Fund was launched in December 2013 and, based on Rainmaker data, had about ...

Marriage equality and the estate plan

JAMIE WILLIAMSON  |  TUESDAY, 9 JAN 2018
Australian same-sex couples can legally marry from today and financial advisers are being reminded of the estate planning challenges this historic occasion may trigger for clients. While the ability to legally wed brings considerable benefits as a result ...