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Showing 1781 - 1790 of 4757 results for "July 2011"

ASIC finalises EU with HSBC

KARREN VERGARA  |  FRIDAY, 22 FEB 2019
ASIC has completed an enforceable undertaking with HSBC Bank Australia and is satisfied the bank met all requirements. HSBC entered the court enforceable undertaking with ASIC on 13 May 2016. The regulator was concerned HSBC provided "potentially deficient ...

Pinnacle nears $50bn milestone

DARREN SNYDER  |  FRIDAY, 22 FEB 2019
Pinnacle Investment Management saw its funds under management increase 22.9% to $46.7 billion in the six months to December 2018. And affiliate Firetrail Investments all but reached institutional investor capacity during the period. Breaking down Pinnacle's ...

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 ...

Platform acquisition boosts Bell Financial results

KARREN VERGARA  |  THURSDAY, 21 FEB 2019
Bell Financial Group's large platform acquisition helped boost its full-year results to December 2018. The stockbroking, investment and financial advisory firm saw revenue increase 7% to $220 million year on year. The majority of revenue was generated ...

Ausbil launches dividend income fund

KANIKA SOOD  |  WEDNESDAY, 20 FEB 2019
The $11 billion equities manager has launched a fund that will invest in S&P/ASX 200 companies with the aim of paying monthly distributions. The Ausbil Active Dividend Income fund will generate dividend income through cyclical opportunities, earning ...

Actuaries Institute welcomes retirement income reforms

JAMIE WILLIAMSON  |  TUESDAY, 19 FEB 2019
The Actuaries Institute has welcomed the Government's action on Comprehensive Income Products for Retirement, including the requirement for all superannuation funds to offer a retirement income strategy. Acknowledging the passage of legislative changes ...

Industry funds wary of stapling default members

KANIKA SOOD  |  FRIDAY, 15 FEB 2019
Kenneth Hayne's recommendation that every Australian have only one default superannuation account over their lifetime doesn't get a complete green tick from industry funds. Visiting Sydney yesterday, Industry Super Australia chief executive Bernie Dean ...

Mainstream board loses former ASIC executive

JAMIE WILLIAMSON  |  MONDAY, 11 FEB 2019
A former ASIC senior executive resigned from the board of Mainstream Group. The firm has also released its half-year financial results. Financial services veteran Lucienne Layton will step down from her role as non-executive director on 15 March to ...

Sunsuper merges with corporate super fund

KARREN VERGARA  |  FRIDAY, 8 FEB 2019
IAG & NRMA Superannuation Plan will merge with Sunsuper. IAG & NRMA Superannuation Plan chair David McClatchy told members in a letter that following a review, the trustee concluded the fund could no longer operate as a standalone corporate superannuation ...

Grandfathered commissions deadline challenging: AFA

JAMIE WILLIAMSON  |  WEDNESDAY, 6 FEB 2019
The removal of grandfathered commissions by 2021 is not as simple as it sounds, according to the Association of Financial Advisers. Acknowledging the recommendation and subsequent announcement of a deadline for removal by Government was inevitable ...