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Showing 3521 - 3530 of 10705 results for "May 2012"

Super trustees to formulate whistleblower policies

KARREN VERGARA  |  MONDAY, 12 AUG 2019
The corporate regulator is expecting superannuation trustees to have whistleblower policies in place 1 January 2020. ASIC is broadening the whistleblower regime introduced on 1 July 2019 in an effort to reform to the corporate sector. It is proposing ...

FASEA exam results spark debate

ELIZABETH MCARTHUR  |  FRIDAY, 9 AUG 2019
Financial advisers have taken to social media to vent about the Financial Adviser Standards and Ethics Authority exam results. While many posted screenshots of the FASEA certificate saying that they passed the exam, some advisers had questions. Financial ...

Chief economist update: Bonds do the limbo rock

BENJAMIN ONG  |  FRIDAY, 9 AUG 2019
How low can they go? Be afraid, be very afraid. A great number of investors are buying into the relative safety of long-term government bonds despite their dwindling yields, and in the case of the Japanese and Eurozone 10-year government bonds, negative ...

Westpac fined over reporting failure

ELIZABETH MCARTHUR  |  THURSDAY, 8 AUG 2019
APRA has handed Westpac the maximum financial penalty it can for failing to meet reporting obligations. Westpac and its subsidiaries St George Finance Holdings and Capital Finance Australia will pay more than $1.5 million after breaching requirements ...

Chief economist update: Race to the bottom redux

BENJAMIN ONG  |  THURSDAY, 8 AUG 2019
It's a hat trick! Three central bank meetings, all three cut interest rates, all three policy decisions a surprise. The Reserve Bank of New Zealand (RBNZ) cut the official cash rate by 50 bps to a new record low of 1% at its August meeting. This ...

AMP profits dive, chief pay restructured

ELIZABETH MCARTHUR  |  THURSDAY, 8 AUG 2019
Reporting a 50% drop in wealth management profits, AMP conceded chief executive Francesco De Ferrari's remuneration will have to be reconsidered in light of share price tumbles. The group reported an underlying profit of $309 million for the first half ...

Spaceship co-founder to exit

KANIKA SOOD  |  TUESDAY, 6 AUG 2019
The startup superannuation fund has appointed a new chief executive, bidding farewell to its co-founder Paul Bennetts who will exit management. Spaceship chair Andrew Moore was announced as the new chief executive for the company to staff this morning. ...

Workplace deaths missing from ESG reports: ACSI

KRISTI CHENG  |  TUESDAY, 6 AUG 2019
Companies should disclose workplace safety issues and fatalities in their ESG reporting to improve transparency and identify systemic risks, according to the Australian Council of Superannuation Investors (ACSI). That was a key takeaway from the council's ...

Adviser stole $200k from SMSFs

ELIZABETH MCARTHUR  |  TUESDAY, 6 AUG 2019
The Australian Securities and Investments Commission (ASIC) permanently banned a former financial adviser who stole more than $200,000 from client self-managed superannuation funds. Robert Michael of Bentleigh, Victoria has been permanently banned from ...

Woodford suspension extended again

ELIZABETH MCARTHUR  |  MONDAY, 5 AUG 2019
Woodford Equity Income Fund investors are unlikely to have access to their money in time to do their Christmas shopping. Link Asset Services confirmed last week that the Woodford Equity Income Fund is likely to remain suspended another four months ...