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Showing 2771 - 2780 of 6884 results for "Act2"

Chief economist update: The Fed pause that refreshes

BENJAMIN ONG  |  WEDNESDAY, 24 APR 2019
You couldn't miss it even if you tried; the S&P 500 index and the Nasdaq Composite Index surpassed their former peaks overnight. And the Dow is not far behind - it's off a mere 0.6% away from its all-time high. Yes Virginia, you can be forgiven ...

Sargon named trustee for new super fund

HARRISON WORLEY  |  TUESDAY, 23 APR 2019
Sargon has been appointed trustee of a new superannuation fund offered by a specialist insurance company. Sargon will act as trustee for the PPS Mutual Super Fund, which has been designed to enable PPS Mutual to offer a "complete" life insurance solution ...

Superannuation mergers strike oligopoly fears

KARREN VERGARA  |  TUESDAY, 23 APR 2019
Concern the superannuation industry will become an oligopoly like the banking sector is being fuelled by the regulators' new powers and increased funding, specifically aimed at forcing underperforming funds to merge or shut down. Of the $400 million ...

First State Super integrates advice, overhauls leadership

ELIZABETH MCARTHUR  |  THURSDAY, 18 APR 2019
First State Super has fully integrated its financial advice business, StatePlus. In doing so, the fund has gained a deputy chief executive. In a move aimed at making financial advice accessible for all its members, the $70 billion fund has brought its ...

ESG would curb ocean pollution: Report

ELIZABETH MCARTHUR  |  THURSDAY, 18 APR 2019
A Calvert report on the impact of ocean degradation on portfolios has drawn interesting conclusions about the role of investment in the health of our oceans. Calvert Research and Management said investors can take an active role in protecting the oceans ...

ASIC targets misleading member communication

KARREN VERGARA  |  WEDNESDAY, 17 APR 2019
ASIC warned it may take action on superannuation funds that send misleading communication to members about inappropriate fees and insurance premiums. The warning comes in light of the Protecting Your Super package (PYSP) reforms, which are due to take ...

Former Millennium3 adviser banned

ELIZABETH MCARTHUR  |  WEDNESDAY, 17 APR 2019
A former Millennium3 and Beacon Financial Group adviser was banned by ASIC for failing to act in the best interests of clients by recommending insurance with unaffordable premiums. Gregory Forster received a five year ban for failing to take into account ...

APRA to up the ante

HARRISON WORLEY  |  TUESDAY, 16 APR 2019
APRA's new enforcement strategy will see it toughen up, but its safety-first approach will be retained. The prudential regulator released its new enforcement strategy alongside the enforcement review that commenced in November after its enforcement ...

Chinese investment in Australia down 36%

ELIZABETH MCARTHUR  |  MONDAY, 15 APR 2019
A new report from KPMG has revealed a 36.3% reduction in Chinese investments in Australia, from $13 billion in 2017 to $8.2 billion in 2018. The report was produced by KPMG and The University of Sydney Business School looking at a dataset covering investments ...

IOOF responds to class action

ELIZABETH MCARTHUR  |  FRIDAY, 12 APR 2019
IOOF has responded to being served with a class action proceeding filed by Quinn Emanuel Urqhart & Sullivan. On Friday the law firm announced it had filed proceedings against IOOF,based on evidence given at the Royal Commission and legal proceedings ...