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Showing 11 - 20 of 22 results for "US action"

ASIC's powers heightened under FoFA

LAURA MILLAN  |  WEDNESDAY, 17 JUL 2013
The Australian Securities and Investments Commission (ASIC) will act more strongly on cases of misconduct in the wake of Future of Financial Advice (FoFA) the regulator said. The new FoFA regulation has allowed ASIC to take civil penalty actions, whereas ...

Puke on the punchbowl

BENJAMIN ONG  |  THURSDAY, 21 FEB 2013
So near, yet so far. Remember those back of the envelope calculations we did yesterday, Virginia? The one which showed that the S&P 500 is almost there - could reclaim the all-time peak it reached in October 2007 by this weekend or at the most by the ...

Market Wrap

AAP  |  TUESDAY, 31 JUL 2012
The Australian sharemarket has opened higher as investors increase their exposure to risk while waiting to see if stimulus measures in Europe and the US will spark growth. At 1019 AEST on Tuesday, the benchmark S&P/ASX200 index was up 13.2 points, or ...

Market Wrap

AAP  |  TUESDAY, 31 JUL 2012
The Australian market looks set to open slightly higher, despite falls on Wall Street overnight, as investors await the outcome of European Central Bank and Federal Reserve policy meetings it's hoped will result in stimulus measures. At 0805 AEST on ...

Austerity's political pay-off

MELANIE TIMBRELL  |  WEDNESDAY, 29 FEB 2012
Deleveraging in US and Europe is going to be painful and will require courageous actions from politicians that run against the grain, according to head of global investment solutions at UBS. Deleveraging will mean years of slowed growth coupled with ...

FOFA 'unclear' on legal position of advisers

MELANIE TIMBRELL  |  FRIDAY, 27 JAN 2012
Advisers will need to have a clear understanding of the perimeters of client contracts under FOFA, said one expert in response to concerns from industry bodies that opt-in could expose advisers to litigious action from clients who failed to return paperwork. ...

Telstra Super slash fees

ELISE BURGESS  |  FRIDAY, 27 MAY 2011
Telstra Super to cut retail member fees by two-thirds in the new financial year as the fund continues its campaign to broaden member benefits. Starting from July 1 this year, Telstra Super Personal Plus members administration fees will be cut from 0.6 ...

ASIC strikes $67.45m in Westpoint settlement

MATT WOODINGTON  |  WEDNESDAY, 2 FEB 2011
The Australian Securities and Investments Commission (ASIC) has reached a settlement agreement, handing investors in the Westpoint Group an additional $67.45 million in compensation. The latest stage of the litigation process was carried out on behalf ...

CalPERS opens black book of placement agents...

COMPANY RELEASE  |  MONDAY, 18 JAN 2010
The largest US pension fund responds to mounting concerns about the true nature of the pension fund-placement agent-fund manager relationship by revealing the details of more than 600 placement agent disclosures to the public. The disclosures - received ...

Happy Americans, happy world

BENJAMIN ONG  |  WEDNESDAY, 27 MAY 2009
Happy consumers beget a happy Wall Street. Green sprouts starting to flower? Neither Kim Jung Il's rattling of his nuclear sabre nor a reminder that US house prices continue to fall were able to prevent Wall Street from turning in a strong finish last ...