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Showing 3171 - 3180 of 6884 results for "Act2"

Chief economist update: Can't get enough of war

BENJAMIN ONG  |  MONDAY, 16 APR 2018
War: it seems that US president Donald Trump cannot get enough of it. Trump began his war crusade with the media (and fake news), then moved on to North Korea (although this was instigated by Kim's nuclear "exercises"), then trade and China, last weekend ...

CBA advice failures unacceptable: Comyn

DARREN SNYDER  |  FRIDAY, 13 APR 2018
Commonwealth Bank chief executive Matt Comyn apologised for the group's financial advice failures as two CBA planning subsidiaries entered an enforceable undertaking with ASIC - all before the financial services Royal Commission tackles advice on Monday. ...

UK fund managers must improve fairness

DARREN SNYDER  |  FRIDAY, 13 APR 2018
The UK's financial services conduct regulator has released new rules for fund managers as part of its ongoing study into the asset management market. The latest Financial Conduct Authority (FCA) report states that fund managers, as the agents of investors ...

Industry Super Australia chief executive resigns

ALEX BURKE  |  FRIDAY, 13 APR 2018
The chief executive of Industry Super Australia is resigning after 12 years to take on a new role at a global fund manager. David Whiteley is expected to take up a new global position at IFM Investors in September. Before ISA, he was a director at HESTA ...

Banking veteran retires

KARREN VERGARA  |  THURSDAY, 12 APR 2018
ANZ's deputy chief executive officer Graham Hodges will retire in May after a 27-year career with the bank. Hodges has held a range of senior executive roles since joining ANZ in 1991, including chief executive of ANZ New Zealand, group managing director ...

Cryptocurrency service providers now regulated: AUSTRAC

HARRISON WORLEY  |  THURSDAY, 12 APR 2018
AUSTRAC has implemented the first laws for cryptocurrency service providers operating in Australia as the financial intelligence agency looks to mitigate criminal risk in the sector. AUSTRAC's new suite of cryptocurrency laws will regulate digital currency ...

DigitalX launches crypto-heavy fund

KANIKA SOOD  |  WEDNESDAY, 11 APR 2018
Listed crypto advisory firm DigitalX has launched a fund that will predominantly invest in cryptocurrencies and form part of its newly-formed funds management division led by a former Ellerston Capital portfolio manager. Its inaugural fund, DigitalX ...

ASIC disqualifies two SMSF auditors

ALEX BURKE  |  TUESDAY, 10 APR 2018
ASIC disqualified two self-managed super fund auditors - one in South Australia and one in the ACT - for breaching independence requirements. The South Australian auditor, John Tretola, was found to have breached his independence requirements of APES ...

ASIC slaps fines on Spaceship and its trustee

KANIKA SOOD  |  TUESDAY, 10 APR 2018
The corporate regulator said Spaceship's upbeat description of its growth option made "misleading claims" to attract new superannuation members. Spaceship's GrowthX option claimed to "measure companies" while in reality 79% of the fund was tracking ...

Royal Commission to take "labyrinthine" advice legislation to task

ALEX BURKE  |  MONDAY, 9 APR 2018
In its background paper leading up to the financial advice inquiry on April 16, the Royal Commission has called out the "labyrinthine" regulatory regime in which the industry operates. The paper notes the current legislative framework for financial ...