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Showing 1221 - 1230 of 3556 results for "October 1977"

Vanguard swoops on superannuation

KANIKA SOOD  |  WEDNESDAY, 6 NOV 2019
Vanguard's Robin Bowerman says the investment giant's planned superannuation offering will have a place for financial advisers and won't be a strictly direct-to-investor product. "We are at the start of a journey of entering the superannuation ...

Adviser moves show industry upheaval

ELIZABETH MCARTHUR  |  TUESDAY, 5 NOV 2019
Rainmaker analysis of ASIC Financial Adviser Register data has revealed hundreds of movements across advice dealer groups in just the last three months. From July to October end, Commonwealth Financial Planning lost over 100 advisers, going from 568 ...

The cost of mental illness

ELIZABETH MCARTHUR  |  MONDAY, 4 NOV 2019
A new report from the Productivity Commission estimates mental ill-health and suicide is costing Australia up to $180 billion a year, or almost $500 million a day. The Productivity Commission draft report on mental health was published on October 31. ...

Chief economist update: Good news is good news

BENJAMIN ONG  |  MONDAY, 4 NOV 2019
It's beginning to look a lot like Christmas has come early... and Thanksgiving too. Wall Street benchmark equity indices rallied at the close of trading last week: The S&P 500 added 1.0% to a new all-time high; the Nasdaq closed 1.1% up but not ...

ASIC, MLC Nominees and NULIS in court

ELIZABETH MCARTHUR  |  MONDAY, 4 NOV 2019
ASIC has commenced Federal Court action against MLC Nominees and NULIS today in regards to fees for no service, filing a statement of agreed facts and admissions. ASIC alleges NULIS and MLC (as the current and former superannuation trustees of NAB) ...

CBA finalises CommInsure sale

ELIZA BAVIN  |  FRIDAY, 1 NOV 2019
Commonwealth Bank has completed the divestment of its life insurance business to AIA Australia, which includes a 25-year joint co-operation agreement. After more than two years of negotiations, CBA said it has received an upfront payment of $500 million ...

Chief economist update: Fed pause could be a short one

BENJAMIN ONG  |  FRIDAY, 1 NOV 2019
Here we go again, the never-ending Sino-Yankee trade deal or no deal saga. This from Bloomberg: "Chinese officials are casting doubts about reaching a comprehensive long-term trade deal with the U.S. even as the two sides get close to signing a "phase ...

Chief economist update: RBA rate cut outlook

BENJAMIN ONG  |  THURSDAY, 31 OCT 2019
... assume" further rate reductions. There was this overriding concern that the RBA's recent rate cuts - in June, July and October - aren't just producing diminishing returns, they're generating undesired outcomes by raising the level of pessimism ...

AMP extends adviser deadline

JAMIE WILLIAMSON  |  WEDNESDAY, 30 OCT 2019
AMP and the AMP Financial Planners Association have commented on the decision to extend the October 31 deadline originally given to financial advisers given notice by the wealth giant. Meanwhile, the AMPFPA has confirmed action against AMP will likely ...

Consumers trust super funds about as much as banks

ELIZABETH MCARTHUR  |  WEDNESDAY, 30 OCT 2019
New research from Qantas Super shows superannuation fund members place about as much trust in their fund to act in their best interests as they do the big banks. According to Qantas Super, 60% of Australians trust their super fund to act in their best ...