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Showing 321 - 330 of 1328 results for "AFFECTED"

ASX revises capital raising measures

ELIZA BAVIN  |  WEDNESDAY, 16 SEP 2020
... the ASX said. "Since their introduction, the measures have facilitated a wider range of capital raisings for entities affected by current market dislocation." The emergency measures were implemented back in March in response to the extreme market volatility ...

NAB fined over fees for no service

ANNABELLE DICKSON  |  MONDAY, 14 SEP 2020
... of the ASIC Act and the Corporations Act. NULIS and MLC ceased charging the plan service fees in November in 2018 and affected members have been compensated with a total $117 million paid by May 2019. Judge David Yates ordered MLC to pay $49.5 million ...

The fundies of tomorrow

ANNABELLE DICKSON  |  MONDAY, 14 SEP 2020
... that we can collaborate with students interstate remotely," Gallagher says. Liu said her role as a mentor has also been affected by the pandemic, limiting her ability to hold workshops and interact with the students in person but said that her email ...

ERS sees Cbus members forfeit TPD cover

ANNABELLE DICKSON  |  FRIDAY, 11 SEP 2020
... long, higher balance at retirement." Deputy chair of the committee Andrew Leigh questioned how Cbus members would be affected if the legislated 12% increase to the super guarantee does not come to fruition. Arter said it would be a very adverse outcome ...

ASIC delays RG97 again

KARREN VERGARA  |  THURSDAY, 10 SEP 2020
... industry and other stakeholders. We are working towards issuing this consultation paper; however, the timing has been affected by COVID-19 priorities," she said. In November last year, ASIC gave a major update to RG97 Disclosing Fees and Costs in PDSs ...

Fintechs drive venture capital: KPMG

ANNABELLE DICKSON  |  WEDNESDAY, 9 SEP 2020
... payments and the increasing demand for e-commerce and digital service models." In order to understand how the pandemic has affected the fintech sector, the government re-opened submissions to the Select Committee on Financial Technology and Regulatory ...

AMP deed of release bars advisers joining class action

ELIZABETH MCARTHUR  |  MONDAY, 7 SEP 2020
... standards, and new regulations around advice," an AMP spokesperson said. "Throughout the process AMP has consulted with affected advisers, the industry associations and the Small Business Ombudsman, including participating in several mediation sessions ...

SMSF member increase bill reintroduced

ANNABELLE DICKSON  |  THURSDAY, 3 SEP 2020
... passed last week allowing employees the choice about which fund receives their superannuation guarantee. "It not only affected younger people but also older members transitioning to retirement who might have an SMSF. A typical scenario was for these ...

Super remains grossly inequitable: Per Capita

ELIZA BAVIN  |  WEDNESDAY, 2 SEP 2020
... lens to policy making has become acute as the impact of the economic shock caused by COVID-19 has disproportionately affected women, through higher rates of unemployment and income loss, increased domestic demands, and the Superannuation Early Access ...

Industry fund underpaid SG to staff

KANIKA SOOD  |  TUESDAY, 1 SEP 2020
... subject to any penalties for the late payment of SG. The fund said SG calculations at its employer partners were not affected. ACSRF is currently exploring a merger with NGS Super, in what could create a $21.5 billion industry fund. ACSRF's current ...

Editor's Choice

Aware Super reshapes governance team, appoints chief risk officer

VINNY VUCAGO
Aware Super has announced a leadership reshuffle, appointing a new chief risk officer amid the departure of its long-serving group executive of legal.

IFM lifts stake in Atlas Arteria to 40% after upping offer price

RIDDHIMA TALWANI
IFM Investors has raised its stake in Atlas Arteria from 34.5% to 38.3% in an on-market stock purchase, just a day after it raised its offer price for the toll road operator to $5.10 per security.

Zenith bolsters research, investment capabilities with new hires

MATTHEW WAI
Zenith has announced two senior appointments to strengthen its research and portfolio management divisions.

Regulators push for stronger stress-testing capability, resilience

KARREN VERGARA
The ability to remain resilient and manage liquidity pressures amid severe, multi-dimensional stress scenarios is an area of focus that APRA and ASIC want superannuation funds to improve.

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