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Showing 1261 - 1270 of 3270 results for "January 1999"

Grandfathered commissions deadline challenging: AFA

JAMIE WILLIAMSON  |  WEDNESDAY, 6 FEB 2019
The removal of grandfathered commissions by 2021 is not as simple as it sounds, according to the Association of Financial Advisers. Acknowledging the recommendation and subsequent announcement of a deadline for removal by Government was inevitable ...

Chief economist update: RBA still in denial

BENJAMIN ONG  |  WEDNESDAY, 6 FEB 2019
Say what? "The low level of interest rates is continuing to support the Australian economy. Further progress in reducing unemployment and having inflation return to target is expected, although this progress is likely to be gradual. Taking account of ...

Life risk commissions must also go: Hayne

KANIKA SOOD  |  MONDAY, 4 FEB 2019
Commissioner Kenneth Hayne has recommended ASIC ultimately whittle down the commissions on life insurance products to zero unless there is a clear justification to keep them. On 1 January 2018, advisers' upfront commission for implementing a life ...

Grandfathered commissions to be banned

JAMIE WILLIAMSON  |  MONDAY, 4 FEB 2019
Grandfathered commissions will be banned from 1 January 2021. Responding to the release of the Royal Commission's final report, Treasurer Josh Frydenberg has confirmed the payment of grandfathered commissions will be outlawed. Further, from 1 January  ...

Commonwealth FP fails to meet EU obligations

JAMIE WILLIAMSON  |  MONDAY, 4 FEB 2019
Hours before the final report from the Royal Commission goes public, Commonwealth Financial Planning has been ordered by ASIC to stop charging ongoing service fees. It is also barred from entering any new ongoing service arrangements with customers. ...

Chief economist update: Time for an RBA shift to neutral

BENJAMIN ONG  |  MONDAY, 4 FEB 2019
... the fast accelerating momentum in the decline in Australian property prices, led by Sydney - down 9.7% in the year to January (CoreLogic RP Data Home Value Index) - and Melbourne - down 8.3%. Not only is inflation "not showing any tendency to rise" ...

ASIC terminates managed accounts provider AFSL

KARREN VERGARA  |  FRIDAY, 1 FEB 2019
ASIC has cancelled the AFSL of managed accounts provider Jade Capital Partners and banned one of its directors. An ASIC investigation of Sydney-based Jade Capital, a managed discretionary account provider specialising in trading services and advice ...

Former Macquarie executive joins LICs

KARREN VERGARA  |  THURSDAY, 31 JAN 2019
A long-serving Macquarie Group executive has joined the board of two listed investment companies. Sarah Williams joins as an independent director of NAOS Emerging Opportunities Company (NCC) and NAOS Ex-50 Opportunities Company (NAC) effective 31 January  ...

Chief economist update: The Fed pause that refreshes

BENJAMIN ONG  |  THURSDAY, 31 JAN 2019
Three became two, two became one (maybe) or none (more likely). That's the genealogy of the number of interest rate hikes expected of the US Federal Reserve this year - a quick downshift from two 25 basis point increases in the fed funds rate the ...

SMSF expert joins AMP board

HARRISON WORLEY  |  THURSDAY, 31 JAN 2019
Former SMSF Association chief executive Andrea Slattery is set to take a seat on AMP's board next month. Joining as a non-executive director, Slattery will begin her tenure at AMP on February 15. She left a non-executive director position at Centrepoint ...