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Showing 1291 - 1300 of 4610 results for "RAISE"

Magellan active ETFs retain Zenith ratings

KANIKA SOOD  |  WEDNESDAY, 23 OCT 2019
Active ETFs from Magelllan have retained their highly recommended ratings from Zenith, even as ASIC conducts a review into internal market making. Of the 203 ETFs available in Australia, Zenith Investment Partners rates 74 products. Only three of them ...

Whistleblower calls out approved product lies

ELIZA BAVIN  |  WEDNESDAY, 23 OCT 2019
... director Simon Swanson said a sales culture is still alive inside vertically integrated organisations and the data continues to raise "serious concerns" about the advice industry's structure. "One of the most notable observations is that ClearView ...

Superannuation gets a classroom

ELIZABETH MCARTHUR  |  TUESDAY, 22 OCT 2019
A physical space has been created for superannuation education by a $9.7 billion industry fund. Statewide Super has created the SuperHub, a centre dedicated to superannuation education and open to everyone - not just Statewide members. The centre opened ...

ASIC nudges robo-adviser to shutter

ELIZABETH MCARTHUR  |  FRIDAY, 18 OCT 2019
A digital advice firm has voluntarily shut down two robo-advice tools after ASIC raised concerns. Lime FS, a Sydney-based Australian financial services licensee, was running corporate authorised representatives Plenty Wealth, Plenty Plus and Lime Wealth ...

APRA won't appeal IOOF judgement

ELIZA BAVIN  |  FRIDAY, 18 OCT 2019
The Australian Prudential Regulation Authority will not appeal the Federal Court decision to dismiss its court action against IOOF. The case related to the management of conflicts of interest, the appropriate use of superannuation fund reserves and ...

Dealer group awards investment mandate

KANIKA SOOD  |  THURSDAY, 17 OCT 2019
Marty Switzer's Contango Asset Management has won a mandate from a financial advice dealer group. Lifespan Financial Planning made a $20 million inaugural allocation to a global large cap strategy managed by WCM Investment Management. WCM is headquartered ...

ASIC using intimidation tactics on grandfathering: AIOFP

ELIZABETH MCARTHUR  |  WEDNESDAY, 16 OCT 2019
ASIC is using intimidation tactics to get product providers to shut down grandfathered commissions early, according to the Association of Independently Owned Financial Professionals (AIOFP). Speaking to Financial Standard, AIOFP executive director Peter ...

ASX faces challenge on ETF stronghold

KANIKA SOOD  |  TUESDAY, 15 OCT 2019
ASX-listed exchange traded funds have raised close to $56 billion but now its lesser-known rival Chi-X is ready to start listing ETFs, with a Kapstream fund kicking off on it today. Chi-X started off trading small amounts of equities in Australia in ...

No pain, no gain: APRA

HARRISON WORLEY  |  TUESDAY, 15 OCT 2019
As APRA raises the bar for the superannuation sector, trustees are readying themselves for discomfort. But the prudential regulator believes the pain is necessary for improving member outcomes. Addressing the Australian Institute of Superannuation Trustees ...

Chief economist update: Japan tightens fiscal policy

BENJAMIN ONG  |  FRIDAY, 11 OCT 2019
... October 1 when the Abe government's twice-postponed consumption tax hike (from 8% to 10%) took effect, projected to raise around US$46 billion a year, and intended to cover the cost of supporting its ageing population and pay down its ballooning ...