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Showing 1711 - 1720 of 4992 results for "Limit"

J.P. Morgan appoints new local chief

KANIKA SOOD  |  THURSDAY, 28 MAR 2019
J.P. Morgan has appointed a new chief executive for its business in Australia and New Zealand, as the incumbent moves into an APAC role. Robert Bedwell is taking the top job after working as the head of sales and marketing. Bedwell moves into the role ...

AMP board member retires

ELIZABETH MCARTHUR  |  TUESDAY, 26 MAR 2019
AMP has announced the retirement of a board member ahead of its annual general meeting. Geoff Roberts will retire from the AMP board at the conclusion of the AGM on May 2. Roberts has served on the board since July 2016 and has been chair of the audit ...

Perpetual raising $440m for credit trust

KANIKA SOOD  |  MONDAY, 25 MAR 2019
Perpetual has opened an offer to raise $150-$400 million for an actively-managed portfolio of credit and fixed income assets. The Perpetual Credit Income Trust (ASX: PCI) has met its $150 million minimum from indicative bids, the manager said. It has ...

Australian subscription firms outperform ASX growth index

ELIZABETH MCARTHUR  |  MONDAY, 25 MAR 2019
A new report on the subscription economy has revealed Australian subscription companies grew revenues 10 times the rate of the ASX sales-per-share index. The report by Zoura found that over a seven year period, from 2012 to 2018, the companies featured ...

CFR, ATO report on SMSF borrowing arrangements

ELIZABETH MCARTHUR  |  MONDAY, 25 MAR 2019
A new report by the Council of Financial Regulators (CFR) and the Australian Tax Office (ATO) has found limited recourse borrowing arrangements in SMSFs are not a risk to the financial system. The report by CFR and ATO was commissioned by the government ...

Macquarie axes SMSF residential property loans

ELIZABETH MCARTHUR  |  THURSDAY, 21 MAR 2019
Macquarie Bank revealed in a note to brokers it has made significant changes to its product offerings. The bank confirmed it is no longer offering SMSF residential home loans, with the change effective from April 30. Macquarie will continue to service ...

Hostplus partners to launch PE emerging managers program

ELIZABETH MCARTHUR  |  THURSDAY, 21 MAR 2019
The industry superannuation fund is partnering with a global private investments firm to establish a private equity emerging managers program in the US. Global private investments firm Flexstone Partners, which is an affiliate of Natixis Investment ...

Banks must prioritise NPP, says Reserve Bank

ELIZABETH MCARTHUR  |  TUESDAY, 19 MAR 2019
The $1 billion New Payment Platform seems to be another headache for the big banks. Reserve Bank governor Philip Lowe asked the chief executives of the big four to confirm they are putting significant resources into rolling out the high speed payment ...

FSC to enact binding standard on genetic testing

ELIZABETH MCARTHUR  |  TUESDAY, 19 MAR 2019
The life insurance industry is pushing ahead with the rollout of new rules on genetic testing despite a delay. There had been plans to launch a new Life Insurance Code of Practice from July 1, but during the feedback period the Financial Services Council ...

Negative gearing reforms not a panacea: Poll

KARREN VERGARA  |  MONDAY, 18 MAR 2019
... of respondents disagreed, saying the potential changes will make housing more affordable for Australians. Labor wants to limit negative gearing to new housing if it wins the next election in a bid to put "the Australian dream of home ownership back within ...