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Showing 1301 - 1310 of 6076 results for "Commission"

Global manager reduces fees on flagship fund

ALLY SELBY  |  THURSDAY, 30 APR 2020
... (0.60% p.a.) and its Dynamic Global Bond Fund (0.40% p.a.), which have both been competitively priced for the post Royal Commission and FOFA environment. The government's changes to end grandfathered provisions for conflicted remuneration will come into ...

Aussie funds bleed $4bn in March

KANIKA SOOD  |  WEDNESDAY, 29 APR 2020
... Australia as investors responded to global volatility, followed by a modest net outflow in February 2019 when the Royal Commission's findings were released. March outflows of over $3.8 billion beat them both but the redemptions began to slow down in ...

Australian fund regulation below average: Morningstar

ALLY SELBY  |  TUESDAY, 28 APR 2020
Australia has received a below average grade from Morningstar for the regulatory and tax frameworks that its managed funds face. As part of its biannual Global Investor Experience report, the research house assessed the experiences of mutual fund investors ...

Life insurers prepare for grilling

HARRISON WORLEY  |  FRIDAY, 24 APR 2020
... Committee on Economics, with committee chair Tim Wilson committing to grilling insurers on revelations from the Royal Commission, as well as issues raised by the COVID-19 pandemic. The grilling is part of the committee's ongoing review of the four major ...

IOOF, CountPlus, Iress want better path to fee consent

ELIZABETH MCARTHUR  |  FRIDAY, 24 APR 2020
... approach to managing the Advice Fee Consent legislation. The proposed legislation, which is part of the government's Royal Commission reforms, requires platform operators and superannuation trustees to be satisfied that consent for ongoing service has ...

ASX ups capital raise capacity

ELIZA BAVIN  |  FRIDAY, 24 APR 2020
The Australian Securities Exchange announced changes to the temporary lift in placement capacity from 15% to 25% and increased transparency rules. The ASX said the measures are conditional on entities either doing a follow-on accelerated pro rata entitlement ...

Compliance worse than COVID-19

ALLY SELBY  |  THURSDAY, 23 APR 2020
... client. "So as big a disrupter COVID-19 has been, it's still hasn't topped the impact of FoFA and the Royal Commission and what it's been for planners businesses from a compliance burden perspective," he said. "Becoming more efficient in ...

The blame game

ELIZA BAVIN  |  THURSDAY, 23 APR 2020
... is uncomfortable with the idea of the 'super mega-fund' for a couple of reasons. "We've just a had a banking Royal Commission which highlights some of the issues with a large, conglomerate sector with only subtle differentiation, where the structure ...

Risk advisers under fire

ELIZABETH MCARTHUR  |  THURSDAY, 23 APR 2020
This week's joint report from ASIC and APRA into life insurance and claims handling found superior consumer outcomes for group life insurance, leading a prolific law firm to suggest risk advisers add little to no value. Maurice Blackburn superannuation ...

SMSFs granted annual return extension

ELIZA BAVIN  |  THURSDAY, 23 APR 2020
SMSFs have been granted an extension to the lodgement of annual returns to the ATO to June. The ATO said it made the decision in the wake of the financial effects of the COVID-19 outbreak. "The requirement for an SMSF to appoint an auditor 45 days before ...