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Showing 1171 - 1180 of 2427 results for "NEC"

Super trustees on notice over fund disclosure

DARREN SNYDER  |  WEDNESDAY, 5 JUL 2017
Fifteen per cent of superannuation trustees needed improvement in the disclosure of information on super fund websites according to Australia's corporate regulator. ASIC recently wrote to 21 superannuation trustees who failed to meet "Transparency Information" ...

Data dictates immediate BOE action

BENJAMIN ONG  |  WEDNESDAY, 5 JUL 2017
No one expected the Reserve Bank of Australia (RBA) to raise or lower the official cash rate from its current 1.5% when its board met on the 4 July, but only a few expected the Australian central bank to follow its bigger overseas peers into a more ...

Australian end of financial year sale

BENJAMIN ONG  |  FRIDAY, 30 JUN 2017
It appears Australian equities will end the final day of FY2016-17 with an EOFYS (end of financial year sale) gauging from the heavy selling on Wall Street and Europe overnight. The S&P 500 index closed 0.9% lower last night (the Nasdaq even more, down ...

FoFA should also protect retail banking customers: FSU

KARREN VERGARA  |  THURSDAY, 29 JUN 2017
FoFA reforms protecting consumers against conflicting remuneration structures when purchasing wealth products should be broadened to retail banking consumers as well, according to the Finance Sector Union. Speaking at yesterday's Senate inquiry into ...

Default funds must appear on online super choice forms: AIST

EMMA RAPAPORT  |  WEDNESDAY, 28 JUN 2017
The Australian Institute of Superannuation Trustees is reservedly welcoming a move by the Australian Taxation Office to place superannuation choice forms online. According to AIST chief executive Eva Scheerlinck, the ATO project, which will allow employers ...

RG 133 review reveals poor compliance

EMMA RAPAPORT  |  THURSDAY, 22 JUN 2017
Custodians and responsible entities of managed investment schemes with asset holding requirements are falling short of ASIC expectations, showing generally poor levels of understanding and compliance with Regulatory Guide 133. These findings form part ...

Central Banks fail to disappoint

BENJAMIN ONG  |  MONDAY, 19 JUN 2017
Central bank decisions, forward guidance or even a word change in policy statements move markets. Not that anyone has to be reminded about this truism of course. The world's four major central banks - the Fed, the ECB, the BOJ and the BOE - and the ...

Funds management not up to scratch: ASIC

EMMA RAPAPORT  |  WEDNESDAY, 14 JUN 2017
The funds management industry has demonstrated broad commitment to its legal obligations but is still falling short in a number of areas. In a report issued yesterday, ASIC found that responsible entities operating managed funds on behalf of retail ...

Limited super investment in VC holding Australia back: AVCAL

EMMA RAPAPORT  |  TUESDAY, 13 JUN 2017
Limited investment by super funds in Australia's venture capital sector is holding back the growth of innovation, says the Australian Private Equity and Venture Capital Association. According to a new research report, institutional capital - predominately ...

Fiduciary rule introduced in United States

JAMIE WILLIAMSON  |  TUESDAY, 13 JUN 2017
Financial advisers in the United States are now required to act in the best interests of clients in a bid to prevent the US$17 billion lost by retirement savers each year. Last Friday, the US Department of Labor partially introduced the impartial conduct ...