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Showing 1211 - 1220 of 2601 results for "WAI"

CBA coughs up $5m over RC case study

ALLY SELBY  |  TUESDAY, 9 JUN 2020
ASIC has trumped the Commonwealth Bank for failures in its AgriAdvantage Plus Package, with the Federal Court of Australia ordering the bank to cough up a $5 million penalty. On Friday, the Court found that the bank had breached the ASIC Act and Corporations ...

IRESS advances surprise bid for OneVue

KANIKA SOOD  |  MONDAY, 1 JUN 2020
In a surprise announcement this morning, IRESS made an offer to acquire OneVue, whose shareholders have been waiting on the company's previously-announced buyback and recovery of money owed to it by Sargon entities. IRESS is offering to buy all ...

Retirement income covenant delayed

HARRISON WORLEY  |  MONDAY, 25 MAY 2020
The government is delaying the introduction of the retirement income covenant, due to the impact of COVID-19. Originally slated for introduction on July 1, the retirement income covenant has been delayed, with the government not yet in a position to ...

Magellan remains cautious, for now

HARRISON WORLEY  |  THURSDAY, 21 MAY 2020
Sitting on a significant amount of liquidity, Magellan is waiting for a few dominoes to fall before it pulls the trigger and deploys cash from its global and high conviction funds. Having increased the cash balances across both its high conviction and ...

COVID-19 ushers in the future of work

ALLY SELBY  |  THURSDAY, 14 MAY 2020
With days, weeks, and months passing in what seems a blink of an eye, Australians have become accustomed to the comfort of working from home. So what does it mean for commercial real estate and those invested in it? Perhaps many, arguably those without ...

Advisers split on COVID-19 opportunity

HARRISON WORLEY  |  TUESDAY, 12 MAY 2020
New research shows financial advisers are split down the middle when it comes to deciding whether COVID-19 is an opportunity to pick up new business, or a time to focus on existing clients. Latest MLC Wealth analysis found that the COVID-19 pandemic ...

ASIC releases weekly regulatory tracker

ELIZA BAVIN  |  FRIDAY, 8 MAY 2020
ASIC has launched a new weekly regulatory tracker to assist users during the COVID-19 pandemic. The tracker lists and includes links to all new and updated regulatory guides, information sheets, reports and consultation papers issued by ASIC and published ...

COVID-19 creates case for robo-advice

ELIZABETH MCARTHUR  |  THURSDAY, 7 MAY 2020
After ASIC issued a stark warning to people using retail broking services to try their hand at day trading, robo-advice services and financial advisers say this is why financial support needs to be accessible. ASIC observed an average of 4675 new identifiers ...

How early release impacts the ASX

ALLY SELBY  |  THURSDAY, 7 MAY 2020
With more than one million people applying for the government's early release scheme, questions surrounding super fund ownership in equity markets have come to the fore. The government's scheme will so far put at least a $9 billion strain on Australia's ...

Early release of super numbers revealed

ELIZABETH MCARTHUR  |  MONDAY, 4 MAY 2020
Australians have withdrawn $1.3 billion of superannuation in just the first week of new early release rules to help those suffering financial hardship as a result of COVID-19. Funds have paid a total of 162,879 early release applications so far out ...