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Showing 1731 - 1740 of 4992 results for "Limit"

More consolidation to come: APRA

JAMIE WILLIAMSON  |  FRIDAY, 22 FEB 2019
Of the 28 funds identified by APRA as candidates for merger in the last 12 months, at least 13 have moved to do so. And a further three could also be headed for the exit door, APRA chair Wayne Byres said. Appearing before the Senate Economics Legislation ...

AFCA hears legacy complaints

KANIKA SOOD  |  THURSDAY, 21 FEB 2019
The Australian Financial Complaints Authority will start taking legacy complaints starting July 1 for a limited amount of time. The Federal Government recently extended AFCA's remit after the Financial Services Royal Commission. This means the one-stop ...

Platinum LIC posts $29m in losses

KANIKA SOOD  |  WEDNESDAY, 20 FEB 2019
Platinum Capital Limited posted $29 million in net losses after tax for the half year ending December 31. The listed investment company (ASX: PMC) has $446 million in funds under management, invests in developed and emerging markets businesses, and ...

Fidelity adds US equities exposure

KANIKA SOOD  |  TUESDAY, 19 FEB 2019
Fidelity is eschewing technology-heavy growth areas of the market for value stocks as it increases exposure to US equities in its multi-asset strategies. Fidelity's multi-asset chief investment officer James Bateman said US value stocks are looking ...

Netwealth to benefit from RC fallout

HARRISON WORLEY  |  MONDAY, 18 FEB 2019
The Royal Commission might have been harsh on some financial services providers, but Netwealth said it's poised to benefit. Informing the market of its half-yearly financial performance this morning, the platform provider said strong flows towards ...

ASIC appeals Westpac Federal Court decision

JAMIE WILLIAMSON  |  MONDAY, 18 FEB 2019
The corporate regulator is appealing last year's landmark Federal Court decision, determined to prove two Westpac subsidiaries provided personal financial advice despite not being licensed to do so. In December 2018, Justice Jacqueline Gleeson determined ...

Donations now accepted via Instagram

KANIKA SOOD  |  FRIDAY, 15 FEB 2019
Instagram is set to add a feature that will allow its users to raise money for non-profits they are passionate about. Later this year the social-networking app will roll out a donations sticker for Instagram stories. Stickers are extra elements that ...

Industry fund appoints chief executive

HARRISON WORLEY  |  FRIDAY, 15 FEB 2019
An $8 billion industry superannuation fund has looked inwards for its new chief executive officer. Tony D'Alessandro has been appointed to lead Statewide Super, and will take the reins from March 1. Currently serving as the fund's general manager ...

Spousal top ups to beat super balance inequity

JAMIE WILLIAMSON  |  THURSDAY, 14 FEB 2019
An industry association has used its pre-Budget submission to call for the introduction of a spousal rollover measure to help bridge the gender gap in superannuation balances. The SMSF Association said allowing individuals to rollover a portion of their ...

Hayne targets superannuation employer connections

KARREN VERGARA  |  MONDAY, 4 FEB 2019
Commissioner Kenneth Hayne took a hard-line against hawking superannuation products and the practices of "treating" employers in his final Royal Commission report. Hayne wants the hawking or unsolicited offer of superannuation products to be prohibited ...