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Showing 231 - 240 of 817 results for "Gear"

Powerwrap gears up for IPO

JAMIE WILLIAMSON  |  FRIDAY, 20 APR 2018
Powerwrap has confirmed it recently completed a pre-IPO capital raise to the tune of $7.5 million. Speaking to Financial Standard, Powerwrap chief executive Will Davidson said the platform sought the backing of existing institutional investors to raise ...

NAB details serious compliance concerns in RC advice submission

JAMIE WILLIAMSON  |  MONDAY, 16 APR 2018
In the past nine years NAB has identified about 70 financial advisers giving rise to serious compliance concerns across its wealth division. In its submissions to the Royal Commission, NAB disclosed that between 1 January 2009 and 1 January 2018, it ...

New super fund joins forces with GBST

ALEX BURKE  |  THURSDAY, 5 APR 2018
GBST is partnering with a start-up online super fund to provide a digital on-boarding service for prospective members. Superestate, which launched in March by Olympic medalist Grant Brits and is issued by Tidswell Financial Services, is designed to ...

Industry fund launches lifecycle default option

KARREN VERGARA  |  TUESDAY, 3 APR 2018
A $7 billion industry superannuation fund is launching a default option that will automatically adjust with members' age. The Australian Catholic Superannuation and Retirement Fund's LifetimeOne option, to be launched in May, aims to give members better ...

ASIC closes doors on Storm charges with two fines

ALEX BURKE  |  FRIDAY, 23 MAR 2018
Nearly a decade after ASIC began its investigation into Storm Financial, two directors have been fined $70,000 each for breach of duties. Emmanuel and Julie Cassimatis were previously disqualified from managing corporations for seven years. When they ...

Asset managers gearing for growth in 2018

KARREN VERGARA  |  MONDAY, 19 MAR 2018
The asset management and wider wealth management industries are confident about growth prospects in 2018 but remain realistic about responding to intense fee pressures, a PwC global survey shows. The majority (87%) of the 126 asset and wealth management ...

Housing affordability fuelling negative gearing backlash

JAMIE WILLIAMSON  |  FRIDAY, 16 MAR 2018
The majority of non-property investors support the modification of negative gearing policy as fears over housing affordability grow. New research from the Australian Institute of Superannuation Trustees (AIST) shows 55% of non-property investors would ...

Former Bennelong chair joins Copia

KANIKA SOOD  |  THURSDAY, 15 MAR 2018
Copia Investment Partners has appointed the former chair of Bennelong Funds Management to its board as it gears up for growth, the company said today. Bruce Loveday has held senior executive positions in banking, asset consulting, institutional stockbroking ...

Shuttering dividend cash loophole to hit SMSFs

KARREN VERGARA  |  TUESDAY, 13 MAR 2018
The Labor Government is proposing to eliminate cash refunds received from excess dividend imputation credits - a "generous" tax loophole that's mostly benefiting self-managed super funds. Shadow treasurer Chris Bowen said this "unfair revenue leakage" ...

Chief economist update: Australia cruising at low altitude

BENJAMIN ONG  |  THURSDAY, 8 MAR 2018
... for more government spending - read, tax cuts - as government and central bank try to shift economic growth into a higher gear. If you want to read further, below is a snippet from the Financial Standard Good Economics Guide explaining the implications ...