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Showing 1191 - 1200 of 4023 results for "January"

Board departure at Sargon subsidiary

KANIKA SOOD  |  MONDAY, 3 FEB 2020
... Mike Terlet and other directors include Andrew Peterson, Fiona McNabb and Ron Beard. Sargon chair Rob Rankin resigned on January 23. A spokesperson said Rankin's resignation was unrelated to the January 29 appointment of receivers and managers for ...

PIMCO puts Aussie LIT on ice

KANIKA SOOD  |  MONDAY, 3 FEB 2020
... on an average, from investment commissions. This includes grandfathered commissions which are set to be phased out by January 1 next year. De Gori said the FPA supports the removal of on-client directed fees in all financial advice services.

Chief economist update: It's a holiday for the Fed

BENJAMIN ONG  |  FRIDAY, 31 JAN 2020
... the Fed's door. As expected, the US central bank kept monetary policy settings unchanged at the conclusion of its January FOMC meeting. "The Committee decided to maintain the target range for the federal funds rate at 1-1/2 to 1-3/4 percent," it ...

Sargon runs out of steam

KANIKA SOOD, JAMIE WILLIAMSON  |  THURSDAY, 30 JAN 2020
... a constructive solution for all parties," Sargon said. The group also confirmed its chair, Robert Rankin, resigned on January 23. Rankin's resignation was intended before and not related to McGrath Nicol's appointment, Sargon said. None of Sargon's ...

AMP cuts super fees

JAMIE WILLIAMSON  |  THURSDAY, 30 JAN 2020
... applied to MySuper, choice and cash and term deposit products from February, with 500,000 members set to benefit. From January 31, the investment fee on AMP's generic MySuper lifecycle options from 0.32% to 0.3%. This includes CustomSuper, Flexible ...

ASIC bans former Godfrey Pembroke adviser

HARRISON WORLEY  |  THURSDAY, 30 JAN 2020
... application to the Administrative Appeals Tribunal for a stay of the banning order. The application was dismissed by the AAT on January 23. ASIC's Financial Adviser Register shows Cassidy worked for Godfrey Pembroke for almost eight years, having joined ...

FPA calls for axe to fall on stamping fees

HARRISON WORLEY  |  WEDNESDAY, 29 JAN 2020
... average around 8% of their total revenue from investment commissions, with the majority of this being phased out by 1 January 2021 when grandfathered commissions will cease. "The FPA supports the government's efforts to improve the quality of financial ...

Infrastructure boutique hires former Hastings director

KANIKA SOOD  |  WEDNESDAY, 29 JAN 2020
... accept them immediately outside of the raising period. Last year's returns were 13.5% while annualised returns since January 2016 inception are 9.5%. Target return range is 8 to 10% per year, including both income and the capital gain. The total ...

Latest FASEA exam results in

ELIZABETH MCARTHUR  |  WEDNESDAY, 29 JAN 2020
... to improve to enhance their ability to pass at a future sitting." Registrations for the February exam are open until 31 January 2020 with more than 2200 advisers already enrolled to sit that exam. Registrations are now open for the April 2020 exam and ...

Chief economist update: Steady as it was, steady it will be

BENJAMIN ONG  |  WEDNESDAY, 29 JAN 2020
... Monetary Fund (IMF) and that the institution's missive "Tentative Stabilization, Sluggish Recovery?" contained in its January 2020 'World Economic Outlook" was all about the Eurozone. "Growth in the euro area is projected to pick up from 1.2 ...