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Showing 2421 - 2430 of 4932 results for "MIS"

SMSFs missing out on returns

KANIKA SOOD  |  WEDNESDAY, 6 JUN 2018
The SMSF sector, which has traditionally shied from growth assets, underperformed default MySuper investment strategies by 1.2 percentage points in the 12 months to April 2018. The average SMSF returned 6.6% before fees and tax, while the average default ...

Unpaid super reaches $6bn

DARREN SNYDER  |  MONDAY, 4 JUN 2018
Industry Super Australia is lobbying the Federal Government to improve proposed laws that further address unpaid superannuation, a figure estimated to be about $5.9 billion as at 2015-16. Speaking to a Senate committee hearing in Canberra on Friday ...

CBA settles with AUSTRAC for $700m

JAMIE WILLIAMSON  |  MONDAY, 4 JUN 2018
Commonwealth Bank will pay $700 million to resolve civil proceedings brought against it by AUSTRAC for contravening anti-money laundering and counter-terrorism laws - almost double what it anticipated. CBA has announced it reached an agreement with ...

Outlook darkens for bank stocks

KANIKA SOOD  |  THURSDAY, 31 MAY 2018
... by a 2-3% compound, and credit impairment charges rise significantly as the credit cycle turns. Class actions for mortgage mis-selling also present litigation risks as a tail risk in UBS's downside scenario. "The housing market is slowing, with house ...

Estate planning lawyer fined for misconduct

KANIKA SOOD  |  WEDNESDAY, 30 MAY 2018
A solicitor who witnessed a client's estate planning documents before they had been signed by the testator or donor recently copped a $3000 fine and escaped being struck off the Roll. Martin Dubler is on the Supreme Court of New South Wales Roll ...

Big data's big retirement benefits

DARREN SNYDER, STEPHEN FAY  |  MONDAY, 28 MAY 2018
J.P. Morgan Asset Management says big data is allowing retirement income products to be better customised to the individual and more dynamic in managing retiree spending. The asset manager has designed a solution in the US, assisted by retiree data ...

Westpac off the hook in BBSW scandal

KANIKA SOOD  |  FRIDAY, 25 MAY 2018
The Federal Court ruled Westpac's conduct in handling bank bill swap rates was "unconscionable" on four of the 16 occasions that ASIC alleged the bank manipulated the BBSW. While ASIC failed to prove Westpac traders had manipulated the BBSW, the bank ...

Former Janus exec to lead APAC distribution for US hedge fund

ALEX BURKE  |  THURSDAY, 24 MAY 2018
The former head of Australasia at Janus Capital is taking the Asia Pacific distribution reins at a US$58 billion Los Angeles-based hedge fund manager. John Landau will join Causeway Capital Management and build out its Asia Pacific distribution footprint ...

Aussie funds can benefit from FTA with EU: FSC

KANIKA SOOD  |  THURSDAY, 24 MAY 2018
The Financial Services Council supports negotiations between Australia and the Council of the European Union to flesh out a free trade agreement. The FTA will widen the door for Australian funds to access Europe's sophisticated funds management ...

TAL bolsters mental health capabilities

HARRISON WORLEY  |  WEDNESDAY, 23 MAY 2018
TAL has commenced rolling out new mental health coaching programs for staff. The programs - which will be delivered to TAL's frontline claim managers and people leaders - are designed to improve customer and employee mental health. Claims managers will ...