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Showing 1861 - 1870 of 7035 results for "December"

ASIC turns up the heat on enforcement

HARRISON WORLEY  |  THURSDAY, 27 FEB 2020
... days and conducting 739 meetings with banking staff at all levels of the major banks and AMP between October 2018 and December 2019. ASIC emphasised that some, but not all of its recent work had been focused on responding to referrals and case studies ...

Life commissions, referral fees still kosher: AFA

ELIZABETH MCARTHUR  |  THURSDAY, 27 FEB 2020
... conflicts is impractical in financial advice and many other industries. In FASEA's extended guidance on the code, released in December 2019, FASEA clarified some issues around life insurance commissions. With the Life Insurance Framework's cap on commissions ...

Chief economist update: Wall Street sneezes

BENJAMIN ONG  |  THURSDAY, 27 FEB 2020
... the opening trade of this year. To put that in perspective, the VIX index's present reading is the highest since December 2018. At the time, that fear was instilled by the ongoing US-China trade war (back then) and when the Fed "murdered" the bull ...

Ethical super fund cuts fees

HARRISON WORLEY  |  WEDNESDAY, 26 FEB 2020
... year saw almost 5000 funded members join Australian Ethical, representing growth of 13% on its 2018 membership. As at December 31 last year, the ethical manager oversaw $3.87 billion in funds, of which $2.56 billion were invested through its super product. ...

Freedom Insurance appoints liquidators

KANIKA SOOD  |  MONDAY, 24 FEB 2020
... November, it hired as its chair Vamos, former chief executive of Association of Superannuation Funds of Australia (ASFA). In December that year, it cut its life insurance business after a Deloitte review said it could face a liquidity shortfall in 2019. ...

All-tech index offers new opps in financial advice

MICHELLE BALTAZAR  |  FRIDAY, 21 FEB 2020
... investors who jump in early. The companies that make up the All Tech index for example returned 38.9% in the year to December. By contrast, the S&P/ASX 200 returned a lower 23.4% over the same period. Hare said a lot of their clients already look to ...

Bell FG appoints director, releases FY results

ALLY SELBY  |  FRIDAY, 21 FEB 2020
... various revenue streams grew strongly, our funds under advice (FUA) are at record levels and our closing share price on December 31 was 40% higher than a year ago," he said. "All businesses within the group were again profitable, with our equity capital ...

Chief economist update: Aussie employment rises... but so does our unemployment rate

BENJAMIN ONG  |  FRIDAY, 21 FEB 2020
... 4.5% rate the RBA considers as full employment. In addition, the underemployment rate increased to 8.6% from 8.1% in December, suggesting that the flat wages growth seen in the December 2019 quarter would remain flat going forward, at best. More likely ...

Ellerston LIC chair resigns

KANIKA SOOD  |  THURSDAY, 20 FEB 2020
... has been above benchmark for recent periods. It delivered 8.55% above the MSCI Asia ex Japan (AUD), to the year ending December. Since inception returns were 0.71% under the benchmark.

Count Financial treads new path

JAMIE WILLIAMSON  |  THURSDAY, 20 FEB 2020
... Financial business following its acquisition in late 2019. Count Financial reported a loss of 99 advisers in the year to December 2019, down from 380 to 281. Count said this was anticipated due to regulatory reform and changes to pricing models. However ...