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Showing 1851 - 1860 of 6216 results for "SIX"

NFP funds dominate group insurance market

KARREN VERGARA  |  THURSDAY, 18 JUL 2019
... average death claim processing time is one month but some insurers can take eight months to pay. TPD claims are processed in six months on average. Rainmaker also found take-up rates for default insurance range from 86% for corporate fund members covered ...

350 tax practitioners under investigation

ELIZABETH MCARTHUR  |  WEDNESDAY, 17 JUL 2019
... were issued with suspensions, three with cautions and all eight ordered to complete additional hours of CPE." O'Neill said six tax practitioners were also recently suspended for three months for failure to lodge their annual declarations. Due to multiple ...

AFCA delivers $83 million win

ELIZABETH MCARTHUR  |  MONDAY, 15 JUL 2019
The Australian Financial Complaints Authority has collected over $83 million for consumers and small businesses in just six months. In its first six months of operations, AFCA received over 35,000 complaints and 60% of those have already been resolved. ...

ETFs cross $50bn, fixed income leads

KANIKA SOOD  |  FRIDAY, 12 JUL 2019
... inflows and buoyant markets pushed the total FUM over the $50 billion mark. ETFs attracted $4.4 billion in net inflows in the six months to June, which is a significant increase from the $2.7 billion in the first half last year. For the first time, fixed ...

J.P. Morgan loses custody contract

KANIKA SOOD  |  FRIDAY, 12 JUL 2019
A $34 billion public sector fund has appointed a new custodian, ending a 19 year-long relationship with J.P. Morgan. Funds SA has selected Northern Trust as its custodian, after a long tender process. In September last year, Funds SA said it had invited ...

Managed investment scheme operator AFSL canned

ELIZABETH MCARTHUR  |  FRIDAY, 12 JUL 2019
... Australian Mutual's joint executive officers and directors Jeffrey Worboys and Matthew Barnett from providing financial service for six years. ASIC found Worboys and Barnett did not exercise care or diligence to the degree required and failed to act ...

APRA sticks to rigid member outcomes deadline

KARREN VERGARA  |  FRIDAY, 12 JUL 2019
... prudential regulator has set high expectations for trustees to meet the inaugural annual outcomes assessment, which is less than six months away. While consultation for prudential standard Strategic Planning and Member Outcomes (SPS 515) is underway ...

Beyond the China A shares hype

KARREN VERGARA  |  FRIDAY, 12 JUL 2019
As major indices increasingly broaden accessibility to Chinese equities, one emerging markets specialist argues investing in the country goes beyond index inclusion. The landmark move by MSCI last year opened the floodgates to the once-difficult-to-access ...

UBS appoints new country heads

KANIKA SOOD  |  WEDNESDAY, 10 JUL 2019
... corporate client solutions, Australasia and Hughes will also remain as country operating officer, Australasia. Over the next six months, Grounds will focus on ensuring an orderly handover to the newly appointed country heads in early August. Grounds ...

Sovereign investors go back to fixed income

KANIKA SOOD  |  TUESDAY, 9 JUL 2019
... sovereign investors and central bank reserve managers across the globe representing $20.3 trillion of assets. The sample included six respondents from Australia and New Zealand. Sovereign investors recorded 4% in returns in 2018, down from 9% the year ...