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Showing 1531 - 1540 of 4160 results for "April"

Cull flat fees for small pensions: Report

KANIKA SOOD  |  FRIDAY, 9 AUG 2019
... structure. UK funds currently follow an annual charge cap of 0.75% for DC schemes which are used for automatic enrolment from April 2015. The charge cap covers all member-borne charges and deductions, but excludes transaction costs. There are three permitted ...

Chief economist update: Bonds do the limbo rock

BENJAMIN ONG  |  FRIDAY, 9 AUG 2019
... Treasury Inflation-Protected Securities (TIPS) has fallen to their lowest level in three years to 1.59% from a high of 1.94% in April this year. The Reserve Bank of New Zealand (RBNZ), the Bank of Thailand (BOT) and the Reserve Bank of India's (RBI) ...

Chief economist update: Race to the bottom redux

BENJAMIN ONG  |  THURSDAY, 8 AUG 2019
... financial markets which expected it to keep rates unchanged. This was the central bank's first interest rate cut since April 2015. The Reserve Bank of India (RBI) reduced its repo rate by 35 bps to 5.4%, greater than market expectations for a 25 ...

Adviser stole $200k from SMSFs

ELIZABETH MCARTHUR  |  TUESDAY, 6 AUG 2019
... off bankruptcy, pay his children's private school fees and gamble. ASIC said the worst of the offences happened between April 2012 and September 2018. At the time, Michael was an authorised representative of Marigold Falconer International and Allied ...

AMP MDA constraints frustrate advisers

ELIZABETH MCARTHUR  |  MONDAY, 5 AUG 2019
... industry." The spokesperson explained that AMP Financial Planning is working through addressing the licence conditions. "In April, AMP Financial Planning's application to provide MDAs was granted by ASIC with some conditions, as announced by ASIC. We ...

Former adviser cops 20-year prison sentence

JAMIE WILLIAMSON  |  FRIDAY, 2 AUG 2019
... application. According to trial testimony, Bennett defrauded 46 retiree investors of their life savings between December 2014 and April 2017. They believed they were investing in an online retailer of luxury sportswear and would receive an annual interest ...

TPB welcomes independent review

ELIZABETH MCARTHUR  |  FRIDAY, 2 AUG 2019
... who is heading up the independent review into the TPB. The paper follows submissions on the terms of reference issued in April. Topics touched on include the TPB's governance arrangements, registration and education requirements, compliance and sanction ...

ASIC warns trustees on employer inducements

KARREN VERGARA  |  THURSDAY, 1 AUG 2019
... Laws Amendment (Improving Accountability and Member Outcomes in Superannuation Measures No 1) Bill 2019, which passed on April 4. ASIC Commissioner Danielle Press said the recent amendments mean civil and criminal penalties can be imposed on trustees ...

IFM Investors reports $114m in FY19 profits

KANIKA SOOD  |  MONDAY, 29 JUL 2019
... capital but the leadership and governance is in place, with investments to follow in the next six to 12 months. Culture In April, IFM paid roughly $490,000 to settle a sexual harassment claim made by an associate against a director. Himbury said the ...

Spectrum Wealth representatives find new homes

ELIZABETH MCARTHUR  |  MONDAY, 29 JUL 2019
... cancelling Spectrum's AFSL. Freedom first indicated it would offload its administration and financial advice businesses in April. The embattled insurer announced last year that it would likely face a liquidity crisis in 2019 and missed its FY19 interim ...