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Showing 12061 - 12070 of 28294 results for "NOT"

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 ...

ASIC enters new era as industry funding model passes

ALEX BURKE  |  FRIDAY, 16 JUN 2017
... expenditure, performance and regulatory priorities. ASIC chair Greg Medcraft said the new model "is an important milestone not just for ASIC, but also for the companies and wider corporate sector that we regulate." "Industry funding, in one form or another ...

Super tax reforms take effect

KARREN VERGARA  |  FRIDAY, 16 JUN 2017
... tax concessions are well targeted and affordable; allows people to save for retirement; and supports retirement incomes - not merely for tax minimisation or estate planning purposes, the Bill said. Among the reforms is a relaxation in rules around transition ...

UBS cops $280,000 ASIC fine

ALEX BURKE  |  FRIDAY, 16 JUN 2017
UBS Securities paid $280,000 in penalties following two infringement notices issued by ASIC's Markets Disciplinary Panel. The first infringement notice pertained to UBS' PIN crossing system, in which orders are executed based on algorithms reflecting ...

Fintechs must collaborate, not disrupt: Report

KARREN VERGARA  |  FRIDAY, 16 JUN 2017
Fintechs are failing to prove themselves and disrupt the financial services industry, and should instead seek to collaborate with the larger players, a new study shows. The joint report from consulting and technology company Capgemini and the University ...

Age Pension changes looming

KARREN VERGARA  |  FRIDAY, 16 JUN 2017
... for those born before 1 July 1952; and qualification age remains at 65. Recipients of Veterans' Affairs payments also will not be affected. Advisers should be mindful that the changes will not affect the value of the pension, the DSS warned. "The age ...

Banks narrowly avoid parliamentary inquiry

EMMA RAPAPORT  |  FRIDAY, 16 JUN 2017
... was "hopeless", could be overturned by the Parliament's Selection Committee, and scheduled for a date when Parliament was not in session. "You cannot debate a Bill when the Parliament isn't sitting. So they stuffed it," he said. Labor leader Bill Shorten ...

Robo-advisers expected to meet fiduciary rule

ALEX DUNNIN  |  FRIDAY, 16 JUN 2017
... advisers and the people who operate them. The push follows announcements the SEC made in February that robo advisers will not be exempted from any of the legal obligations that apply to other advisers. "An investment adviser's fiduciary duty includes ...

CBA advice compensation reaches $29m

ALEX BURKE  |  THURSDAY, 15 JUN 2017
... determined that 73.1% cases assessed received appropriate advice; 7.1% involved poor or incorrectly implemented advice that did not lead to financial loss for customers; 14.1% received poor advice that resulted in financial loss for customers; and 5.7% ...

Old technology costing advice industry

EMMA RAPAPORT  |  THURSDAY, 15 JUN 2017
... technology solutions can provide. "Excel makes it easy to build modelling tools and projections, but on the downside it is not secure and you have to manually send the spreadsheet out to other users," Yap said. "Advisers' constant struggle to service ...