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Showing 1531 - 1540 of 6251 results for "December 17"

CBA ups remediation bill for advice

ELIZA BAVIN  |  THURSDAY, 30 JUL 2020
The Commonwealth Bank of Australia has announced an extra $300 million has been added to its remediation bill in relation to ongoing service fee and customer remediation costs. CBA said it is constantly addressing the full range of remediation issues ...

ASIC terminates illegal investment scheme

ALLY SELBY  |  WEDNESDAY, 29 JUL 2020
The Federal Court has taken action to dissolve an unregistered investment scheme operated by a former AMP authorised representative. MyWealth Manager was operated by Mustafa Mohammed, along with Mahek Mustafa, Mubashir Mohammed. The scheme related to ...

Tasmania leads the nation: CommSec

ALLY SELBY  |  TUESDAY, 28 JUL 2020
For the first time since October 2009, Tasmania has taken out CommSec's top gong as the best performing economy in its own right. It replaces Victoria, which has held the top spot in the online stockbroker's State of the States survey - either outright ...

Sydney boutique winds up fund

KANIKA SOOD  |  TUESDAY, 28 JUL 2020
Redpoint Investment Management has wound up its industrials fund but will continue to offer it as the much-bigger model portfolio. The boutique decided to shutter its industrials fund (and equivalent mFund), saying it has not been able to grow the funds ...

APRA intervention blindsided AFA, FPA taskforce

ELIZABETH MCARTHUR  |  TUESDAY, 28 JUL 2020
At the Financial Services Council Life Insurance Summit, the heads of financial advice industry associations admitted to being blindsided by APRA's intervention on individual disability income insurance. Association of Financial Advisers chief executive ...

Super to lose $3tn by 2040

JAMIE WILLIAMSON  |  FRIDAY, 24 JUL 2020
Australia's superannuation industry will have foregone $3 trillion in growth by 2040 as a result of COVID-19, according to new analysis. The super industry was projected to hit $10 trillion over the next two decades, but Rainmaker Information has ...

Chief economist update: Australian outlook under COVID-19

BENJAMIN ONG  |  FRIDAY, 24 JUL 2020
Only seven months before, Australia was on course to bring its fiscal budget back in the black after 12 years and an almost equal number of promises later from both sides of the political divide. The Mid-Year Economic and Financial Outlook (MYEFO) - ...

Early release of super extended

ELIZABETH MCARTHUR, KANIKA SOOD  |  THURSDAY, 23 JUL 2020
The government has announced an extension to the early release of super program designed to help Australians experiencing hardship as a result of COVID-19. Originally, the program was set to end on 24 September 2020. Now, people will be able to apply ...

J.P. Morgan wins custody mandate

KANIKA SOOD  |  THURSDAY, 23 JUL 2020
A $21 billion superannuation fund has renewed J.P. Morgan as its custodian for another five years. TelstraSuper renewed the contract after a market assessment. TelstraSuper head of investment operations Miles Mallick said J.P. Morgan's emphasis on delivering ...

ASIC will not appeal wagyu and shiraz decision

ANNABELLE DICKSON  |  THURSDAY, 23 JUL 2020
The corporate regulator has announced it will not appeal to the High Court's rejection ofits case against Westpac for alleged responsible lending breaches. ASIC commenced federal court proceedings against Westpac in 2017 alleging that between December  ...