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Showing 261 - 270 of 604 results for "MEC"

Financial services giants launch ESG indices

KARREN VERGARA  |  MONDAY, 30 APR 2018
Two global financial services heavyweights have collaborated to launch a suite of environmental, social and governance (ESG) indices for institutional investors. J.P. Morgan and BlackRock have joined forces to create the J.P. Morgan ESG Index (JESG) ...

Government to increase SMSF member limit

KARREN VERGARA  |  MONDAY, 30 APR 2018
The Federal Government announced it will expand the maximum number of self-managed superannuation fund members from four to six - a proposal welcomed by the SMSF Association. Revenue and Financial Services Minister Kelly O'Dwyer said the change will ...

ROYAL COMMISSION: Top stories

JAMIE WILLIAMSON  |  FRIDAY, 20 APR 2018
Missed something? Here's a recap of the most read stories to come out of the first week of the Royal Commission's inquiry into financial advice. AMP admits to serious misconduct in RC submissions AMP acknowledged hundreds of instances of misconduct ...

MFS executives create advisory council

KANIKA SOOD  |  THURSDAY, 19 APR 2018
MFS Investment Management has pooled five of its top executives and a retired portfolio manager to form an advisory council that will consult and collaborate with the firm's investment team. The MFS Investment Advisory Council (IAC) will counsel current ...

RECAP: Advice in the Royal Commission spotlight (Days 1 - 3)

KANIKA SOOD  |  THURSDAY, 19 APR 2018
After three days of the financial services Royal Commission tackling financial advice, Financial Standard summarises the top stories and key points you need to know. Australia's top financial institutions are lining up before Commissioner Kenneth Hayne ...

AMP platform fees laid bare

KARREN VERGARA  |  WEDNESDAY, 18 APR 2018
The Royal Commission brought to light several gaping holes in AMP's fee charging mechanisms across its platforms, as well as its inaction to comply with the legislative changes concerning opt-in financial advice fees. AMP head of platform development ...

FASEA consultation could sway retirement outcomes

JAMIE WILLIAMSON  |  MONDAY, 9 APR 2018
Challenger is calling on the Financial Adviser Standard and Ethics Authority to consider the substantially different financial risks and challenges faced in retirement compared to the accumulation phase of super when consulting on its new standards. ...

Executive pay structure still fuels risk-taking: APRA

KANIKA SOOD  |  WEDNESDAY, 4 APR 2018
Australia's largest financial institutions still remunerate senior executives in a way that encourages risk-taking and undermines long-term financial health - but RSE licensees may be doing a better job than their peers, APRA said today. The findings ...

Government increases market manipulation penalties

JAMIE WILLIAMSON  |  THURSDAY, 29 MAR 2018
Individuals found guilty of manipulating financial benchmarks could face up to 10 years in prison, while institutions could cop about $10 million in fines. Under new Federal Government reforms, the manipulation of any financial benchmark or product ...

GBST and super fund collaborate for tax relief

JAMIE WILLIAMSON  |  MONDAY, 19 MAR 2018
A $7.4 billion corporate superannuation fund is partnering with GBST to provide members with the maximum tax benefits available to them following the latest super reforms. Qantas Super will use GBST's TaxIntell solution to assist members in transitioning ...