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Showing 1771 - 1780 of 4761 results for "July 2014"

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 ...

Neilsons sell 10% of Platinum

KANIKA SOOD  |  WEDNESDAY, 20 MAR 2019
Billionaire fund manager Kerr Neilson and philanthropist Judith Neilson sold $300 million of their stake in Platinum Asset Management, to put money towards philanthropy and personal investments. The Platinum co-founder now has a retaining control over ...

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 ...

Boutique fund manager drops fees

JAMIE WILLIAMSON  |  WEDNESDAY, 13 MAR 2019
A boutique funds management group is reducing the management fees on one of its signature funds. Premium China Funds Management is dropping the management fee on its Premium Asia Fund by 45 basis points. This will sit alongside the removal of the performance ...

Mortgage broker trail commissions to stay

KANIKA SOOD  |  WEDNESDAY, 13 MAR 2019
The Government will allow mortgage brokers to continue to collect trailing commissions on new loans with a review slated for three years down the line, Treasurer Josh Frydenberg said yesterday. The competition regulator and the Council of Financial ...

Super fund chief executive to retire

KANIKA SOOD  |  MONDAY, 11 MAR 2019
The chief executive of one of Australia's largest corporate superannuation funds is retiring and the fund is hunting for a replacement. Doug Carmichael is slated to retire in June end after nine years of leading Commonwealth Bank Group Super. The ...

WTW Australia asset consulting lead joins super fund

JAMIE WILLIAMSON  |  TUESDAY, 5 MAR 2019
The former head of asset consulting at Willis Towers Watson Australia is now on the executive team of a $27 billion government superannuation fund. Paul Taylor has been appointed general manager of investments at GESB Superannuation, adding more than ...

Perpetual announces Fulbright scholar

KANIKA SOOD  |  MONDAY, 4 MAR 2019
Perpetual has announced the winner of 2019 Fulbright professional scholarship in non-profit leadership, funded through its $51 million public ancillary fund. Adam Davids is the director of learning at a non-profit that creates internship opportunities ...

APRA sets sights on 2019 targets

HARRISON WORLEY  |  FRIDAY, 1 MAR 2019
APRA has outlined its policy focus for the remainder of the year following the Royal Commission. Releasing its annual policy priorities document this week, the prudential regulator said it would build on the work it began last year, while taking into ...

Chief economist update: Wrong way, go down

BENJAMIN ONG  |  THURSDAY, 28 FEB 2019
The A$/US$ exchange rate is, according to my Bloomberg screen, currently trading at US$0.7141, up 0.04% from the previous trading day and up 1.3% this year to date. In turn, Bloomberg's US dollar spot index has risen 0.14% overnight and is just ...