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Showing 1361 - 1370 of 3712 results for "Order"

AFSL to begin independent review

DARREN SNYDER  |  WEDNESDAY, 16 JAN 2019
ASIC ordered that an Australian Financial Services Licensee appoint an independent expert to review the implementation of its compliance framework. The regulator said it is concerned with the adequacy and effectiveness of Kaz Capital's compliance framework ...

Chief economist update: Safe as burning houses

BENJAMIN ONG  |  MONDAY, 14 JAN 2019
... are forced to start paying back the principal." Four years after 2018 takes us to 2022, time enough to get our "houses" in order. However, tighter lending restrictions implemented by the Australian Prudential Regulation Authority (APRA) and as a result ...

CFS tops up Morgan Stanley mandate

KANIKA SOOD  |  WEDNESDAY, 9 JAN 2019
... Return Strategy Is benchmark unconstrained, allowing the manager to rotate between sectors and to manage duration actively in order to build a "best idea" portfolio to generate higher returns. It aims to generate higher and consistent returns over a ...

IOOF appoints independent reviewer

DARREN SNYDER  |  TUESDAY, 1 JAN 2019
APRA's licence conditions imposed on IOOF require the wealth manager to begin 2019 with the appointment of an independent reviewer who will report to the regulator quarterly. The independent reviewer's role will be to report on IOOF's progress ...

Ten stories that defined the Royal Commission

HARRISON WORLEY  |  WEDNESDAY, 19 DEC 2018
... itself in a "hopelessly conflicted" situation by delaying the process of compensating members charged fees for no service in order to maintain profit levels. It was revealed earlier that $67 million in general advice fees had been charged to members ...

ASIC cans advice business AFSL

JAMIE WILLIAMSON  |  TUESDAY, 18 DEC 2018
A boutique financial advice business has had its AFSL cancelled for failing to adequately manage conflicts of interest after clients were advised to invest their superannuation in the practice. ASIC has cancelled the AFSL of Evermore Money Management ...

Portfolio implementation delays costing investors

JAMIE WILLIAMSON  |  TUESDAY, 18 DEC 2018
... providing contemporary multi-asset portfolios, and actively managing and monitoring the client's investment," Lonsec said. "In order to achieve this, advisers are increasingly turning to professional managed portfolio managers and SMA providers, outsourcing ...

ASIC goes to court seeking AMP documents

KANIKA SOOD  |  MONDAY, 17 DEC 2018
ASIC is seeking an order from the Federal Court to compel Clayton Utz to produce AMP documents that have been withheld from the corporate regulator to date. In October, ASIC issued a notice to Clayton Utz asking it to produce certain documents, as it ...

Former AFL club president joins super fund

JAMIE WILLIAMSON  |  THURSDAY, 13 DEC 2018
... served as president of Port Adelaide Football Club for 16 years from 1992 to 2008. In 2010 he was appointed a Member of the Order of Australia for his service to Australian Rules, the South Australian community and business. Super SA said Boulton brings ...

Chief economist update: So much Brexit uncertainty, so little time

BENJAMIN ONG  |  WEDNESDAY, 12 DEC 2018
When UK prime minister Theresa May declared that "Brexit is Brexit" and "no Brexit deal is better than a bad Brexit deal" when she addressed EU ambassadors in London on the 17 January 2017, she laid out 12 objectives for Brexit negotiations: 1. Clarity ...