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Showing 241 - 250 of 1595 results for "STOP"

Stop orders slapped on two Perpetual funds

JAMIE WILLIAMSON  |  FRIDAY, 25 NOV 2022
Dodgy target market determinations (TMDs) have seen ASIC place interim stop orders on two Aussie equities funds from Perpetual. Perpetual cannot offer or distribute the Perpetual Pure Microcap Fund or Perpetual Geared Australian Share Fund for the next ...

Property trusts hit with stop orders

CHLOE WALKER  |  TUESDAY, 22 NOV 2022
... distributing two of its property trusts to retail investors because of poor target market determinations (TMDs). The interim stop orders, implemented by ASIC, prohibit MPG from issuing interests in, giving a product disclosure statement for, or providing ...

AFCA secures $900m in compensation

CASSANDRA BALDINI  |  MONDAY, 21 NOV 2022
... credit providers, super fund trustees and or advisers as well as underwriting agencies generate the most complaints. The one-stop-shop for disputes added the highest level of product complaints related to credit cards, home loans, personal transaction ...

YFYS manipulation leaves members worse off: ISA

ANDREW MCKEAN  |  WEDNESDAY, 16 NOV 2022
... "This reduces the efficacy of performance tests and weakens their ability to improve member outcomes," ISA said. To put a stop to the distortion, ISA's YFYS review submission called for the performance test's methodology to be re-designed so that it ...

ASIC issues more stop orders

CHLOE WALKER  |  THURSDAY, 10 NOV 2022
The corporate regulator has placed interim stop orders on offers from Finnia Income (Finnia) in response to its flimsy target market determinations (TMDs). Finnia, an unlisted company, pursued a $20 million raise under a prospectus through the issue ...

AFA posts $273,135 operational loss

ANDREW MCKEAN  |  TUESDAY, 8 NOV 2022
The Association of Financial Advisers (AFA) has reported an operating loss of $273,135, an improvement of $94,655 from last year's result, as it gears up for the vote on its proposed merger with the Financial Planning Association of Australia (FPA). ...

Australians worry about retirement - and maybe they should

ANDREW MCKEAN  |  TUESDAY, 8 NOV 2022
... people harbour longevity risk worries. The survey said 28% of respondents don't think they'll have enough super to stop work, and just 18% believe they'll amass enough money to retire "comfortably." For reference, the ASFA Retirement Standard ...

US recession probability reaches 75% - is Australia at risk?

ANDREW MCKEAN  |  TUESDAY, 1 NOV 2022
... situation and there is a risk that eventually RBA will not have enough flexibility to manage these two conflicting forces." To stop these scenarios from materialising, heprescribes increasing labour productivity, wage growth, and wage inflation. This ...

Jones progresses green finance standards

RACHEL ALEMBAKIS  |  FRIDAY, 28 OCT 2022
Assistant treasurer Stephen Jones committed to working with the finance industry to establish national standards for a green taxonomy that will define sustainable finance in Australia. Jones stopped short of committing to legislating the forthcoming ...

FSC adds to Life Insurance Code of Practice

CHLOE WALKER  |  TUESDAY, 25 OCT 2022
... Meanwhile, the Moratorium on Genetic Tests, allowing consumers to undergo a genetic test without fear that the result could stop them from taking out life insurance, will be extended indefinitely and take effect July 2023. Further, the FSC will give ...