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Showing 1501 - 1510 of 4769 results for "July 8"

Chief economist update: Coronavirus threatens Tokyo Olympics

BENJAMIN ONG  |  FRIDAY, 7 FEB 2020
The sooner the coronavirus is licked, the better for everybody - more so for Japan. The Diamond Princess Cruise Ship underscores the positive impact of tourism on Japan's economy. The nearly 4000 tourists quarantined aboard the ship due to the coronavirus ...

Calls for review of advice regulation

HARRISON WORLEY  |  THURSDAY, 6 FEB 2020
CPA Australia is campaigning government for a state funded review into the regulatory frameworks overseeing financial advice, which it believes alienate consumers and small business from the sector. In its pre-budget submission the peak body for certified ...

AMP to pay $5m for churn

JAMIE WILLIAMSON  |  WEDNESDAY, 5 FEB 2020
The Federal Court has ordered AMP to pay $5.175 million for failing to ensure its financial advisers complied with the best interests duty by engaging in insurance churn. In a case brought in June 2018, ASIC alleged that a number of AMP Financial Planning ...

Where to from here?

JAMIE WILLIAMSON  |  WEDNESDAY, 5 FEB 2020
On the anniversary of the Royal Commission's final report, AFA chief Phil Kewin reflects on the year that was and how the playbook - and rules - changed for advisers. It's been 12 months since the financial services sector was hit with Commissioner ...

Permanent ban follows alleged SMSF theft

HARRISON WORLEY  |  WEDNESDAY, 5 FEB 2020
A Sydney-based financial adviser has been permanently banned for allegedly transferring client SMSF funds to the trust account of a business she controlled. ASIC has permanently banned Sydney adviser Tram Tran, after it found the funds of her clients ...

SG increase means lower wages: Grattan

HARRISON WORLEY  |  MONDAY, 3 FEB 2020
Grattan Institute has again weighed into the ongoing debate over the necessity of the legislated increase to the superannuation guarantee. In a new research paper, Grattan claims workers "overwhelmingly" pay for increases to the super guarantee through ...

Overhaul bites Deutsche Bank bottom line

ALLY SELBY  |  FRIDAY, 31 JAN 2020
Multinational investment powerhouse Deutsche Bank is looking worse for wear, posting a full-year net loss of $8.71 billion (€5.3 billion). The multi-billion dollar loss has been driven by the bank's strategic transformation project, which saw ...

Chief economist update: It's a holiday for the Fed

BENJAMIN ONG  |  FRIDAY, 31 JAN 2020
"Gone Fishing!" Given "current" market expectations, this would be an appropriate sign on the Fed's door. As expected, the US central bank kept monetary policy settings unchanged at the conclusion of its January FOMC meeting. "The Committee decided ...

AMP cuts super fees

JAMIE WILLIAMSON  |  THURSDAY, 30 JAN 2020
AMP is reducing investment and administration fees across its suite of superannuation products, including removing the Stronger Super fee it introduced in 2013 to finance the implementation of the reforms. The fee cuts will be applied to MySuper, choice ...

GAM hires, launches new strategies

ELIZA BAVIN  |  WEDNESDAY, 29 JAN 2020
GAM Investments is expanding its Australia business with a new hire for its wholesale business and the introduction of two new funds. Ryan Crewe has been appointed manager - key accounts and will be responsible for developing GAM's distribution ...