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Showing 3341 - 3350 of 7871 results for "Board"

NAB compensation delays hopelessly conflicted: Royal Commission

KARREN VERGARA  |  WEDNESDAY, 8 AUG 2018
NAB found itself in a "hopelessly conflicted" situation by delaying the process of compensating members charged fees for no service in order to maintain profit levels, the third day of the Royal Commission's inquiry into superannuation heard. This ...

Former NULIS chair faces Royal Commission

KANIKA SOOD  |  TUESDAY, 7 AUG 2018
... on day two of the fifth round. When MLC introduced its SWIFT package of adviser fee changes in 2012, it went through the board under Smith's watch. Smith said her understanding of the fee changes was that advisers would only be paid a fee for an ...

NULIS names new chair

KARREN VERGARA  |  TUESDAY, 7 AUG 2018
... director Evelyn Horton, who joined the trustee in May 2014. Smith was appointed chair of NULIS in 2013, and has been on the board since October 2009. She's also served on the board PFS Nominees and MLC Nominees prior to the consolidation of the funds ...

Equity Trustees responds to GAM suspension

JAMIE WILLIAMSON  |  TUESDAY, 7 AUG 2018
Equity Trustees halted applications into and redemptions from two GAM Investments funds following the suspension of the global manager's fixed income investment director. In a letter to unitholders, Equity Trustees - as responsible entity for the ...

Chief economist update: Do nothing RBA

BENJAMIN ONG  |  TUESDAY, 7 AUG 2018
If all goes according to expectations, today's Reserve Bank of Australia (RBA) Board meeting will mark one-month and two years (25 months) that the country's cash rate had been stuck at a record low 1.50%, and the longest stretch of unchanged ...

Lose grandfathered commissions, lose business: MLC

KARREN VERGARA AND JAMIE WILLIAMSON  |  MONDAY, 6 AUG 2018
... manager of superannuation and platforms Paul Carter assisted in the preparation of a report which was presented to the NAB/MLC board. The report contained key recommendations as to the fee structures to be implemented going forward, one of which was ...

One measure not enough to revoke MySuper: APRA

HARRISON WORLEY  |  MONDAY, 6 AUG 2018
... Productivity Commission's assertion that improvement was required, consistent with its recent thematic review findings relating to board composition, appointments and assessments of board performance. In May, APRA urged RSEs to reconsider whether board ...

Boutique equities manager raising $4 million

KANIKA SOOD  |  MONDAY, 6 AUG 2018
... years or upon listing. Following the raise, the trio will hold 43% of the company. They also hold the three seats on Seer's board. LeMessurier is the managing chairman, Steve James is the managing director, the head of distribution and a member of the ...

TPB names new chief executive

JAMIE WILLIAMSON  |  MONDAY, 6 AUG 2018
The Tax Practitioners Board is welcoming a new chief executive, joining from the Australian Taxation Office. Michael O'Neill has been appointed to lead the TPB, bringing more than 30 years' experience in public service. O'Neill was most recently assistant ...

Productivity Commission proposes more changes to financial advice

KARREN VERGARA  |  MONDAY, 6 AUG 2018
... other potentially conflicted payments in financial advice and wealth management. The PIO would then report directly to the board and an obligation to report to ASIC where advice is ignored. The PC also examined vertical integration in wealth management ...