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Showing 1191 - 1200 of 3263 results for "January 2012"

IFM keen on marijuana stocks

KANIKA SOOD  |  TUESDAY, 23 APR 2019
The $120 billion fund manager is finding winners in cannabis stocks as countries increasingly move to legalise marijuana for medicinal use. As part of a $1 billion small caps strategy, IFM Investors has backed companies that have exposure to medicinal ...

AFCA changes could impact PI cover cost: FPA

HARRISON WORLEY  |  TUESDAY, 23 APR 2019
The Financial Planning Association of Australia is urging AFCA immediately consider and investigate the potential impact of its proposed legacy claims rule on professional indemnity insurance, with fears the cost of PI cover may rise. The FPA is concerned ...

Superannuation fund drops fees

KARREN VERGARA  |  TUESDAY, 23 APR 2019
After switching administrators, a $15 billion superannuation fund has dropped a number of its fees. CareSuper has removed several fees from 1 April 2019, including contribution splitting fees ($50), family law splitting fees ($40) and exit fee on withdrawals ...

Chief economist update: China is back on track

BENJAMIN ONG  |  TUESDAY, 23 APR 2019
"Spring is the time of plans and projects." - Leo Tolstoy, Anna Karenina. So it is with China. Recent economic indicators have turned up in time for spring. China deserves to be congratulated. It's watered and fertilised the economy with enough ...

Former Labor MP joins SMSFA

HARRISON WORLEY  |  THURSDAY, 18 APR 2019
A former Parliamentary Secretary was appointed to the board of the Self-Managed Super Fund Association. Bernie Ripoll has joined the SMSFA board, in a move described by chair Deborah Ralston as "invaluable" to the ongoing evolution of superannuation ...

Chief economist update: China and the spring in its step

BENJAMIN ONG  |  THURSDAY, 18 APR 2019
... bear fruit. The People's Bank of China cut the reserve requirement ratio (RRR) - 0.5% on 15 January and 0.5% on 25 January - that is estimated to release around 800 billion yuan (US$117 billion) of liquidity into the economy. This was followed by ...

NPP chair breaks down rollout

ELIZABETH MCARTHUR  |  WEDNESDAY, 17 APR 2019
Former Commonwealth Bank and Westpac chief information officer Bob McKinnon is tasked with the tough job of chairing the New Payments Platform (NPP) through its rollout. McKinnon was made chair at the end of January this year. In March, the RBA revealed ...

Industry funds eye SMSF market stronghold

KARREN VERGARA  |  TUESDAY, 16 APR 2019
Industry funds will shortly take the lead from SMSFs as the sector with the largest assets under management, new KPMG research predicts. KPMG's annual Super Insights report suggests by 2029, industry funds will have more than $2 trillion in assets and ...

Citi to pay $3m in advice remediation

HARRISON WORLEY  |  TUESDAY, 16 APR 2019
Citigroup will pay more than $3 million to remediate customers who received general financial advice, believing it to be personal advice. The group must refund 114 retail customers for losses they incurred after investing in structured Citigroup products ...

Chief economist update: Equity market rally has legs

BENJAMIN ONG  |  TUESDAY, 16 APR 2019
Equity markets everywhere may not be climbing in a straight line, but they are climbing. This is happening against a backdrop of continued global economic and financial uncertainties. In its 'World Economic Outlook, April 2019' report - where ...