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Showing 1311 - 1320 of 4169 results for "Action"

Exemptions to AFSLs explained by ASIC

ELIZA BAVIN  |  THURSDAY, 26 NOV 2020
... financial service." ASIC said to determine whether a person can rely on this exemption, the test is whether the person is action as a principal or as a representative of a principal. The exemption will only apply to those acting as a representative. ...

Regulator continues crackdown on product adverts

ELIZA BAVIN  |  MONDAY, 23 NOV 2020
... or making statements that compare the fund to term deposits or offer a fixed return without proper risk warnings. This action follows an ASIC review of recent radio advertisements for the fund, which found the advertisements contained misleading or deceptive ...

Pan-Asian equities to perform well: Longlead

ELIZA BAVIN  |  MONDAY, 23 NOV 2020
... the region's positive economic fundamentals, as well as Asia's compelling opportunity set driven by early and decisive action in the region to stem the spread of COVID-19." Campbell said, despite the region offering attractive diversification opportunities ...

Super fund joins climate initiative

ANNABELLE DICKSON  |  MONDAY, 23 NOV 2020
... Fortescue Metal Group and Aurecon have signed on to the Australian Industry Energy Transitions Initiative (ETI) to take action towards net zero emissions in supply chains. Australian Industry ETI focuses on the "hard-to abate" supply chains that contribute ...

Which longevity product yields the highest income?

KANIKA SOOD  |  FRIDAY, 20 NOV 2020
... buy a no-frills deferred polled annuity product (like a deferred group self-annuity). The longevity product kicked into action from age 92, making CPI-indexed payments. Its net earnings were assumed to be a conservative 3.7% (assumed return of 6.2% minus ...

Responsible entity fined $2m

ELIZA BAVIN  |  FRIDAY, 20 NOV 2020
... well as to those entrusted to act as gatekeepers, to ensure they comply with their legal obligations." "ASIC will take action to hold gatekeepers to account." In total, between 20 May 2016 to 30 April 2018, $16,749,974 was raised from retail investors ...

APRA reduces CBA capital requirement

ANNABELLE DICKSON  |  FRIDAY, 20 NOV 2020
... and outcomes. In addition to the $1 billion add-on, APRA gave CBA an enforceable undertaking which required a remedial action plan with an independent reviewer to check the progress. The corporate regulator said the latest report from independent reviewer ...

ASX runs into trouble again

KANIKA SOOD  |  WEDNESDAY, 18 NOV 2020
After Monday's outage, the ASX was in trouble again yesterday as its Centre Point matching system closed off participants from using Chi-X bids and offers. The Centre Point is an anonymous matching system that matches buyers and sellers at the mid-point ...

COVID-19 to remain dominant in 2021

ELIZA BAVIN  |  WEDNESDAY, 18 NOV 2020
The end of 2020 is not likely to see the end of COVID-19, particularly when it comes to the impact it has on global markets. J.P. Morgan Asset Management (JPMAM) explored the trends that will impact portfolios in its annual Long-Term Capital Market ...

Poor progress on human rights revealed

ELIZABETH MCARTHUR  |  TUESDAY, 17 NOV 2020
... Clearly, businesses alone won't raise the bar and with COVID-19's compounding impact, there is a real need for regulatory action, as planned by the European Union, as well as increased investor pressure to force change." Among the group of investors ...