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Showing 1241 - 1250 of 4024 results for "January"

ASIC winds up alleged unregistered scheme

ELIZA BAVIN  |  FRIDAY, 13 DEC 2019
... Holdings in its capacity as Trustee of AMS Holdings Trust. ASIC alleges Marco has been raising funds from investors since January 2010, receiving approximately $240 million from 132 investors. Marco provided investors with a guarantee that their principal ...

Industry fund general manager steps down

KANIKA SOOD  |  FRIDAY, 13 DEC 2019
... and acquisition has stepped away from her role. Anita Fox has been with HESTA for over four years in the role. Starting January, she will move to a part-time role working as a marketing strategist for the fund. The general manager role will stay vacant ...

Practice profitability at risk: MLC Life

JAMIE WILLIAMSON  |  FRIDAY, 13 DEC 2019
... reduce their expenses by up to 25% to remain profitable as further Life Insurance Framework changes come into effect on January 1. New research commissioned by MLC Life shows commission-only financial advisers - particularly those with complex clients ...

Chief economist update: Has the Fed conquered the yield curve?

BENJAMIN ONG  |  THURSDAY, 12 DEC 2019
... isn't a good look for Westpac chief economist Bill Evans and his team. In their "Westpac Market Outlook December 2019 & January 2020" report released only hours before the Fed announced its decision. As per Westpac's report: "Our opposing view ...

AMP to cut contribution fees

JAMIE WILLIAMSON  |  WEDNESDAY, 11 DEC 2019
... in the best interests of its clients. Contribution fees will be removed from six superannuation products, effective 31 January 2020, while contribution fees and non-default contribution fees will cease being changed on eight PortfolioCare and WealthView ...

AMP welcomes former PwC partner

ELIZA BAVIN  |  WEDNESDAY, 11 DEC 2019
... with the appointment of a former PwC partner as a non-executive director. Rahoul Chowdry will join the board, effective January 1, having held leadership and senior executive roles in the professional services industry for over 35 years. Chowdry is currently ...

Fix gaps in AFCA remit: Creevey Russell

ELIZABETH MCARTHUR  |  MONDAY, 9 DEC 2019
... extend the normal six-year limitation period to commence litigation by permitting AFCA to deal with matters arising after 1 January 2008. Creevey argues some businesses and farmers have fallen through the cracks of this reform, as the extension limits ...

Chief economist update: It's Christmas time in the city

BENJAMIN ONG  |  MONDAY, 9 DEC 2019
... showed that the economy added 266,000 jobs in November - well above expectations for a gain of 175,000 and the most since January this year. Even better, revisions added a total of 41,000 to September and October employment numbers, bringing the three-month ...

Industry fund cuts fees

HARRISON WORLEY  |  FRIDAY, 6 DEC 2019
... changes to its fees, with investment fees rising by two basis points for members in the fund's growth option form January 1, and total per annum fees for the option dropping from 0.94% to 0.76%. Cbus also announced changes to its fee structure this ...

CFS culls grandfathered commissions, slashes fees

KANIKA SOOD  |  FRIDAY, 6 DEC 2019
... committed to end all trail commissions by mid-2020, as previously reported by Financial Standard. The government has set 1 January 2021 as the end date for all grandfathered commissions. "We want to give enough notice to advisers...as a business we are ...