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Showing 1901 - 1910 of 7101 results for "June 11"

Government delays RC implementation timeline

HARRISON WORLEY  |  MONDAY, 11 MAY 2020
The government has deferred the implementation of Royal Commission recommendations by six months. The amended timetable sees measures the government was committed to deliver by June 30 set to arrive by December, and measures scheduled for December now ...

AMP defends hefty remuneration bill

ELIZABETH MCARTHUR  |  FRIDAY, 8 MAY 2020
During the AMP annual general meeting chair David Murray defended the pay packet chief executive Francesco De Ferrari and the board continue to take home despite the company's woes. The 2019 AMP remuneration report was rejected by shareholders. ...

Chief economist update: Annus horribilis with a vengeance

BENJAMIN ONG  |  FRIDAY, 8 MAY 2020
'Annus Horribilis' made the headlines in 1992 when Queen Elizabeth used this Latin phrase - which translates to 'horrible year' - in her speech at Guildhall to mark the 40th year anniversary accession. Her royal majesty was, of course ...

AFSL pleads guilty to mishandling client money

KANIKA SOOD  |  THURSDAY, 7 MAY 2020
In the first case of its kind in Australia, an AFSL is facing criminal prosecution for mishandling client monies, and has pleaded guilty. Pershing Securities Australia Pty Ltd (PSAL) pleaded guilty at the Downing Centre Local Court in Sydney to mishandling ...

Court to decide OneVue claim over Sargon sale

KANIKA SOOD  |  WEDNESDAY, 6 MAY 2020
The sale of Sargon's subsidiaries has yielded $29.6 million for its secured creditors including OneVue and Westpac, who will now have their claims decided in court. The sale, which was confirmed yesterday includes Diversa, CCSL, Tidswell and Australian ...

Chief economist update: The outlook for Australia, according to COVID-19

BENJAMIN ONG  |  WEDNESDAY, 6 MAY 2020
"A stronger economic recovery is possible if there is further substantial progress in containing the coronavirus in the near term and there is a faster return to normal economic activity. On the other hand, if the lifting of restrictions is delayed ...

New course helps advisers recognise financial abuse

JULIA NEWBOULD  |  TUESDAY, 5 MAY 2020
Financial advisers will soon have access to a tool which will make it easier to recognise some of the tell-tale signs of financial abuse, which may be affecting their clients. The Financial Abuse Specialist certification course is a program designed ...

MySuper bounces back

HARRISON WORLEY  |  TUESDAY, 5 MAY 2020
While the fallout from the COVID-19 pandemic has demolished the return expectations of investors for the year, new analysis shows MySuper products have managed to turn things around. Latest Rainmaker research shows MySuper products offered by not-for-profit ...

Super fund delays successor fund transfer

KANIKA SOOD  |  TUESDAY, 5 MAY 2020
A retail superannuation fund has postponed its MySuper transition to a $16.5 billion industry fund citing market uncertainty and volatility arising from COVID-19. Perpetual's MySuper product was to transition to CareSuper effective around May 1 ...

Lockdown measures cost $4bn a week: Frydenberg

ELIZA BAVIN  |  TUESDAY, 5 MAY 2020
Treasurer Josh Frydenberg has revealed the COVID-19 social restrictions are costing the Australian economy $4 billion a week. New analysis from Treasury estimates the mass closure of businesses and activities, designed to stop the spread of the virus ...