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Showing 2681 - 2690 of 6264 results for "DET"

Chief economist update: Japan's sun shines

BENJAMIN ONG  |  TUESDAY, 11 SEP 2018
Japan's economy grew 0.7% in the June quarter after contracting 0.2% in the March quarter. This is stronger than the Cabinet Office's preliminary estimate of 0.5% and is the fastest growth rate since the first quarter of last year (0.7%). This ...

Chief economist update: Trump's beggar thy neighbour policy

BENJAMIN ONG  |  MONDAY, 10 SEP 2018
Another month, another strong US labour market report. The time before US President Donald Trump would have had consumers, businesses and investors everywhere dancing in the streets and singing hallelujah. This is due to the rationale that the US economy's ...

ASIC to ramp up trustee visits

KARREN VERGARA  |  FRIDAY, 7 SEP 2018
Superannuation funds should get accustomed to leaving the front door open for ASIC as the regulator flagged it will pay trustees more periodic visits. Presenting a regulatory update at the AIST Super Investment Conference? in Cairns yesterday, ASIC ...

MLC, NULIS in court over $100m in illegitimate fees

JAMIE WILLIAMSON  |  THURSDAY, 6 SEP 2018
ASIC commenced Federal Court action against MLC Nominees and NULIS today in relation to the significant advice fees charged to superannuation members despite no financial advice being provided. ASIC alleges NULIS and MLC Nominees - the current and former ...

Former MyPlanner adviser fails best interests test

JAMIE WILLIAMSON  |  WEDNESDAY, 5 SEP 2018
The corporate regulator has accepted an enforceable undertaking from a former MyPlanner financial adviser for failing to act in the best interests of his clients. Wollongong-based adviser James Phillip Allen is prohibited from providing financial services ...

ASIC hires former super executives

KARREN VERGARA  |  MONDAY, 3 SEP 2018
Two former superannuation industry executives have been nominated as members of ASIC to serve a period of five years each. Among his first duties as Federal Treasurer, Josh Frydenberg announced Danielle Press and Sean Hughes will join the corporate ...

WAM Capital announces LIC takeover bid

KARREN VERGARA  |  FRIDAY, 31 AUG 2018
WAM Capital is attempting to takeover a listed investment company managed by Perennial that it says has consistently "underperformed" since inception. WAM Capital made a conditional off-market takeover bid for Wealth Defender Equities Limited (ASX ...

Vamos departs Regnan

JAMIE WILLIAMSON  |  WEDNESDAY, 29 AUG 2018
Pauline Vamos has resigned as chief executive of Regnan, following just 12 months in the role. The ESG research house announced today that Vamos will leave the business to pursue other interests and wished her well in doing so. Regnan said it has commenced ...

Reverse mortgage lenders shortsighted: ASIC

KARREN VERGARA  |  WEDNESDAY, 29 AUG 2018
While older Australians are largely benefitting from reverse mortgages in the short term, many have a poor understanding of the risks and the long-term pitfalls, ASIC said. An ASIC review of reverse mortgage lending shows older Australians failed to ...

Chief economist update: Blame the US economy for the widening trade gap

BENJAMIN ONG  |  WEDNESDAY, 29 AUG 2018
From "fake news", US President Donald Trump might label the Census Bureau's numbers on "International Trade in Goods" as "fake stats". It refutes his claim in March that "trade wars are good, and easy to win." The report shows America's balance ...