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Showing 2151 - 2160 of 6884 results for "Act2"

Trust in advisers wanes

JAMIE WILLIAMSON  |  TUESDAY, 30 JUN 2020
Just 37% of retail investors believe their financial adviser always acts in their best interests, leading CFA Societies Australia to call for a strengthening of the best interest duty. A global investor survey, conducted at the back end of last year ...

Chief economist update: Extraordinarily uncertain outlook

BENJAMIN ONG  |  TUESDAY, 30 JUN 2020
... met by swift and forceful policy action across the government, including the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). This direct support is making a critical difference not just in helping families and businesses in a time of ...

Super fund members compensated

JAMIE WILLIAMSON  |  FRIDAY, 26 JUN 2020
Members of a retail superannuation offering have been remediated close to $3 million after financial advisers failed to comply with legislation that would have seen them transferred to a lower cost MySuper offering in 2017. More than 1266 smartMonday ...

Calls to investigate treatment of AMP advisers

ELIZABETH MCARTHUR  |  FRIDAY, 26 JUN 2020
ASIC has come under pressure from a Senator to look into AMP's treatment of financial advisers, including reducing the value of its Buyer of Last Resort (BOLR) agreements. Labor senator for NSW Deborah O'Neill has written to ASIC chair James Shipton ...

FPA, TPB to share information

ALLY SELBY  |  FRIDAY, 26 JUN 2020
The Financial Planning Association of Australia has signed a Memorandum of Understanding with the Tax Practitioners Board, in a move which both parties say will set out a clear framework for engagement, cooperation and proactive information sharing ...

Chief economist update: Still the best and better than all the rest

BENJAMIN ONG  |  THURSDAY, 25 JUN 2020
Victorian supermarkets - Woolworths and Coles - have re-introduced buying limits in their stores as hoarders and panic-buyers returned, raiding shelves of toilet paper, paper towel, hand sanitiser, rice, pasta, flour, sugar and the like following reports ...

Investors should factor in climate risk: JANA

ELIZA BAVIN  |  THURSDAY, 25 JUN 2020
JANA has called on investors to factor climate change into major investment decisions, warning the impact of climate change and unclear policy responses by governments pose a significant risk to returns. In a report sent to clients, including superannuation ...

Property investors should diversify: FSI

HARRISON WORLEY  |  WEDNESDAY, 24 JUN 2020
First Sentier's head of global property securities is urging investors to take a diversified approach to property, as some sectors fare better than others in the COVID-19 economic wash-up. First Sentier head of global property securities Stephen Hayes ...

Pendal adds SRI lense to multi-asset fund

HARRISON WORLEY  |  WEDNESDAY, 24 JUN 2020
Pendal has increased the consideration of sustainability factors in its multi-asset target return fund, in what it claims is an Australian first. The global investment manager has introduced a new set of screens to its $189 million multi-asset target ...

ASIC refuses just 3% of AFSL relief applications

HARRISON WORLEY  |  WEDNESDAY, 24 JUN 2020
The corporate regulator refused just 3% of Australian financial services licence relief applications in the six month period that saw COVID-19 intensify. Outlining the regulator's relief application decisions in the six month period between October ...