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Showing 1361 - 1370 of 4024 results for "January"

Risk commission changes imperil advice practices

KARREN VERGARA  |  WEDNESDAY, 5 JUN 2019
... ultimately reduced to zero. Meanwhile, advisers are still coming to terms with the Life Insurance Framework which, as of 1 January 2019, meant premiums had to be capped at 70%; a 20% trailing commission is charged thereafter. From 1 January 2020, the ...

TAL offers advisers ethics assistance

HARRISON WORLEY  |  TUESDAY, 4 JUN 2019
... development of the course is in response to adviser's need for help in fulfilling their FASEA's requirements. "From 1 January 2020, financial advisers must comply with a code of ethics and be covered by a scheme under which their compliance with the ...

Chief economist update: US recession in the offing

BENJAMIN ONG  |  MONDAY, 3 JUN 2019
... 500 (1.32%), Nasdaq (1.51%), Russell 2000 (1.35%). Meanwhile, 10-year US bond yields closed at 2.14% - the lowest since January this year - and the VIX index jumped by 18.2% on the day. Wall Street's reaction is to be expected particularly given ...

Court throws out Aurora fund takeover bid

KANIKA SOOD  |  FRIDAY, 31 MAY 2019
... Primary Securities which tried to topple it as the responsible entity for a listed fund in a rogue shareholder meeting on January 15. In January, activist investor Tim Staermose and Primary Securities arranged a meeting for the unitholders of the Aurora ...

Chief operating officer joins platform

KARREN VERGARA  |  FRIDAY, 31 MAY 2019
... ago and has 25 staff members, the majority of which are based in Sydney. Its founder and director Edward Caser left in January 2019 to take up a role at Wingate, a boutique private debt and asset manager. He was promoted to executive director of investors ...

ASIC names new default super fund

JAMIE WILLIAMSON  |  TUESDAY, 28 MAY 2019
... milestone by July 2021. The ability to provide TPD, death and income protection insurance cover was also a requirement. As at January this year, just 28 of the 82 super funds offering a MySuper product fit the bill, according to Rainmaker data. ASIC ...

Government to revisit retirement incomes

KARREN VERGARA  |  MONDAY, 27 MAY 2019
... the concentration of union and employer group representatives on the boards of industry superannuation funds. In early January, the Productivity Commission released 26 recommendations following a three-year review into superannuation. Key proposals included ...

Major instos hit with cartel class action

ELIZABETH MCARTHUR  |  MONDAY, 27 MAY 2019
... Scotland and JP Morgan. The class action alleges the banks colluded to rig foreign exchange rates during a period between January 2008 and October 2013. The filing alleges traders from the banks used chat rooms with names such as 'The Cartel', 'The Bandits' ...

Chief economist update: Currency manipulators beware

BENJAMIN ONG  |  MONDAY, 27 MAY 2019
... currencies. A starting point would be the extent of under-valuation of a particular currency versus the US dollar. On January 10 this year, The Economist published its 'Big Mac' index. It showed that apart from the overvaluation of the Swiss ...

FASEA reveals exam dates

HARRISON WORLEY  |  FRIDAY, 17 MAY 2019
... Under the legislative reforms introduced to the advice sector in 2017, existing advisers are due to pass the exam by 1 January 2021. The authority announced the first exams will be held for new entrants and existing advisers between June 20 and June ...