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Showing 11941 - 11950 of 28294 results for "NOT"

ASIC audits limited AFSLs

KARREN VERGARA  |  THURSDAY, 20 JUL 2017
... confused about what information they needed to upload to the Financial Adviser Register (FAR). About half of the licensees had not updated the FAR with relevant adviser information, ASIC said, adding some licensees were uncertain about providing documents ...

Adviser group expands national footprint

KARREN VERGARA  |  THURSDAY, 20 JUL 2017
... wholesale investments and preferential treatment for share placements, he noted. "These are opportunities which are simply not available through retail investors, including large bank-owned dealer groups," Jones said. There are 42 staff members across ...

Asset managers held to higher standard: FSC

EMMA RAPAPORT  |  THURSDAY, 20 JUL 2017
... purpose, values and underlying investment philosophy, and approach to asset stewardship. These disclosures will include, but not be limited to: remuneration policy, management of conflicts of interest, whistle-blower protection policy, and brokerage ...

Aussie hedge fund seeking $300m for retail IPO

ALEX BURKE  |  THURSDAY, 20 JUL 2017
... He added: "VGI Partners seeks to 'buy and hold' long-term investments in what we consider to be great businesses that are not fully valued by the market, while also short selling securities which we assess to be vulnerable to a material decline in price." ...

FOFA breach sees former adviser banned

JAMIE WILLIAMSON  |  THURSDAY, 20 JUL 2017
... Commonwealth Bank's Financial Wisdom network. ASIC decided Atkins failed to act in the best interests of the clients as he had not identified the subject matter of the advice; conducted a sound investigation into the financial products that might achieve ...

The bull and bear market in iron ore

BENJAMIN ONG  |  THURSDAY, 20 JUL 2017
... in a bull or bear market, depending on one's bias - its supply-demand fundamentals has a slight positive leaning. Supply's not a problem. BHP expects iron ore production to increase by three to 5% in FY2017-18 (up seven to 12 million tonnes from FY2016-17. ...

NAB sells down stake in $350bn asset consultant

ALEX BURKE  |  WEDNESDAY, 19 JUL 2017
... recorded funds under advice of more than $350 billion. From its research Rainmaker estimates JANA sources about $280 billion from not-for-profit funds and about 80% is from industry superannuation funds.

Government shows commitment to funds management

EMMA RAPAPORT  |  WEDNESDAY, 19 JUL 2017
... that until the IMR legislation came into force, the company was forced to contract offshore so the Australian entity would not be the contacting party to those arrangements. "So we weren't deemed to be the manager," Jollie explained. "The revenue, for ...

Industry fund makes social impact investment

EMMA RAPAPORT  |  WEDNESDAY, 19 JUL 2017
... Investment Trust, managed by Social Ventures Australia, and will see the super fund enter into a partnership with Glenview - a not-for-profit aged care provider, and the Commonwealth Government. HESTA chief executive Debby Blakey said the investment ...

APRA sets new capital target for the big four

ALEX BURKE  |  WEDNESDAY, 19 JUL 2017
APRA has raised the CET1 capital ratios for the big four banks to meet the "unquestionably strong" benchmark outlined in the Financial System Inquiry. By 1 January 2020, the big four will need to achieve a CET1 capital ratio of at least 10.5%. APRA ...