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Showing 2881 - 2890 of 6884 results for "Act2"

Investors rage coup against Aurora

KANIKA SOOD  |  THURSDAY, 17 JAN 2019
Investors in the troubled Aurora Absolute Return Fund have voted to boot Aurora Funds Management as the responsible entity. However, Aurora contests the validity of this vote. The challenger is Primary Securities, backed by some investors of the fund ...

CCIV consultation opens

KARREN VERGARA  |  THURSDAY, 17 JAN 2019
The next phase of implementing the Corporate Collective Investment Vehicle regime is open for consolation. Stakeholders have until 28 February 2019 to make submissions on two proposed bills - the tax and regulatory component, and related explanatory ...

SelfWealth launches ETF

KARREN VERGARA  |  WEDNESDAY, 16 JAN 2019
Online broker SelfWealth will launch a new ETF targeting self-managed super funds. The SelfWealth SMSF Leaders ETF is due to launch on the ASX this financial year and listed under the ticker code SELF. It is pending regulatory ASX approval. ETF Securities ...

IOOF, ANZ deal not in best interests of members: Morningstar

JAMIE WILLIAMSON  |  WEDNESDAY, 16 JAN 2019
While IOOF remains confident it will be successful in acquiring ANZ's pensions and investments business, Morningstar is not convinced. Despite yesterday's news of amendments to the contract of sale agreed between IOOF and ANZ, the research house said ...

Chief economist update: The curse of Japan's consumption tax hike

BENJAMIN ONG  |  TUESDAY, 15 JAN 2019
About this time last year, financial markets were awash with speculation the Bank of Japan (BOJ) would follow the Fed's lead and start implementing a monetary policy exit strategy. Speculations started to gain prominence as early as January 2018 ...

ANZ, IOOF revise wealth sale agreement

JAMIE WILLIAMSON  |  TUESDAY, 15 JAN 2019
The sale of ANZ's pensions and investments business may take longer than anticipated with contracts now amended following APRA's regulatory action against IOOF. Providing a further update on the sale, ANZ said it has agreed an amendment with ...

MGP shuffles leadership team

KARREN VERGARA  |  MONDAY, 14 JAN 2019
Managed Accounts Holdings (MGP) has made several changes to its leadership team, which includes two promotions. Pamella Wilson was promoted to group chief operating officer, following roles as a senior business analyst and acting head of IT positions. ...

Government needs to rethink CIPRs

KANIKA SOOD  |  THURSDAY, 10 JAN 2019
The government should abandon the Retirement Income Covenant proposed last year, if it can't sufficiently remediate its flaws by the deadline, the Productivity Commission says in the final report. Treasury has already extended the deadline on Comprehensive ...

AFSL super options under the lens

KANIKA SOOD  |  THURSDAY, 10 JAN 2019
The final report recommends ASIC should have greater oversight of the superannuation products sitting on the approved product lists of AFSLs. The Productivity Commission calls for all Australian Financial Services Licensees (AFSL) to "immediately" be ...

Regulators in Productivity Commission firing line

HARRISON WORLEY  |  THURSDAY, 10 JAN 2019
ASIC and APRA both scored scathing assessments in the Productivity Commission's superannuation report. The regulators sharing responsibility for the oversight of Australia's finance system copped a grilling in the Commission's final report ...