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Showing 1191 - 1200 of 4834 results for "EAC"

Adviser levy to increase by 160%

ELIZABETH MCARTHUR  |  FRIDAY, 5 MAR 2021
ASIC has hit financial advisers with the news that levies will increase by the equivalent of 160% over two years, with industry bodies outraged. The total cost levied by ASIC is now $1500 per retail advice licence, plus an additional $2426 per authorised ...

ASIC takes action against Rest

JAMIE WILLIAMSON  |  TUESDAY, 2 MAR 2021
The corporate regulator has commenced civil proceedings against the industry superannuation fund for misleading and deceiving members in relation to switching super funds. ASIC has taken Federal Court action against Rest for false or misleading representations ...

Yarra Capital acquires Nikko AM Australian business

ELIZA BAVIN  |  TUESDAY, 2 MAR 2021
Yarra Capital and Nikko Asset Management announced that they have entered into a binding agreement through which Yarra will acquire Nikko AM's Australian business and bring back the Tyndall name. Under the terms of the agreement, Yarra will assume ...

Industry fund reviews DB payments

KARREN VERGARA  |  TUESDAY, 2 MAR 2021
A $10 billion industry fund is reviewing salary and superannuation benefit payments within its defined benefit fund that were potentially paid incorrectly. Statewide Super's Salarylink, a defined benefit fund for local government workers, is investigating ...

Aware Super eyes another merger

JAMIE WILLIAMSON  |  TUESDAY, 2 MAR 2021
Aware Super is exploring the possibility of merging with a 63-year-old industry superannuation fund. Aware Super has signed a Memorandum of Understanding with the Victorian Independent Schools Superannuation Fund (VISSF), looking into whether a merger ...

ASIC drags CommSec to court

ELIZABETH MCARTHUR  |  MONDAY, 1 MAR 2021
ASIC has commenced civil proceedings against CommSec and AUSIEX in the Federal Court. CommSec overcharged brokerage fees to customers on 120,933 occasions totalling $4,352,194 between August 2010 and February 2020, ASIC alleges and CommSec has admitted. ...

Chief economist update: Fed fights back bond bears

BENJAMIN ONG  |  MONDAY, 1 MAR 2021
"Do you believe in life after love? I can feel something inside me say I really don't think you're strong enough now..." What's the point of increased transparency and forward guidance in financial markets - the bond market, in this case ...

Government passes advice, super reforms

ANNABELLE DICKSON  |  FRIDAY, 26 FEB 2021
Financial advisers will now need prior written consent each year from clients before deducting fees, while funds from Eligible Rollover Funds must now be reunited with members within 28 days. Two key pieces of legislation were passed yesterday: the ...

FPA names Gwen Fletcher Memorial Award winner

ELIZA BAVIN  |  THURSDAY, 25 FEB 2021
The Financial Planning Association of Australia (FPA) has named Melbourne-based financial planner Renato Manias as the first 2021 winner of the Gwen Fletcher Memorial Award. Named after the late "first lady of financial planning", the award recognises ...

UK pension fund fossil fuel investments laid bare

JAMIE WILLIAMSON  |  THURSDAY, 25 FEB 2021
Despite more than 75% of the UK's local councils declaring a climate emergency, their pension funds are still pouring billions into fossil fuels the world over. A new report from campaigners Platform, Friends of the Earth (England, Wales and Northern ...