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Showing 3581 - 3590 of 10707 results for "May 1997"

Sydney advice firm loses AFSL

KANIKA SOOD  |  FRIDAY, 5 JUL 2019
A Sydney financial advice firm has had its AFSL cancelled by ASIC after an initial suspension period. ASIC earlier put Australasia Wealth Services and Management in suspension saying the firm had failed to obtain membership of the Australian Financial ...

Putting Members' Interests First Bill reintroduced

KARREN VERGARA  |  FRIDAY, 5 JUL 2019
Legislation that prevents trustees from providing opt-out insurance to new members under 25 and low balance account holders was reintroduced in Parliament overnight. The Treasury Laws Amendment (Putting Members' Interests First) Bill 2019, which was ...

JANA hires operations lead, boosts workforce

KARREN VERGARA  |  FRIDAY, 5 JUL 2019
Asset consultant JANA has recently welcomed a new head of operations and made a raft of appointments in a bid to boost its footprint. John Montague joined the Melbourne-based firm in the newly created role after working as a consultant for the past ...

Chief economist update: The turn in Australia's cycle from vicious to virtuous

BENJAMIN ONG  |  FRIDAY, 5 JUL 2019
... economic releases both underscore and justify the RBA's decision. Australian retail sales increased by a mere 0.1% in May - half market expectations for a 0.2% increased and merely negated the 0.1% decline in the previous month. More telling, the ...

Industry fund awards $500m mandate

KANIKA SOOD  |  THURSDAY, 4 JUL 2019
An industry superannuation fund has appointed IFM Investors to manage cash and term deposits, as a precursor to an ongoing relationship for its fixed interest assets. Australian Catholic Superannuation & Retirement Fund told Financial Standard it has ...

BlackRock cuts fees on Aussie shares ETF

KANIKA SOOD  |  WEDNESDAY, 3 JUL 2019
BlackRock has slashed the fees on its S&P/ASX 200 exchange-traded fund following a pricing review, as competition heats up in the sector. The iShares Core S&P/ASX 200 ETF, which trades on the exchange with ticker IOZ, pushed down the fees to 0.09% p.a. ...

Responsible investments outperform mainstream

ELIZABETH MCARTHUR  |  WEDNESDAY, 3 JUL 2019
The latest Benchmark Report by the Responsible Investment Association of Australasia (RIAA) shows responsible investment funds outperform most mainstream funds. Using KPMG data, the report shows responsible funds on average deliver higher returns across ...

APRA warns trustees on PYSP deadline breach

KARREN VERGARA  |  WEDNESDAY, 3 JUL 2019
APRA has warned trustees that failed to comply with the July 1 Protecting Your Superannuation Package deadline to inform the prudential regulator straight away. A trustee that breaches the PYSP legislation at the product level application or the fixed-term ...

Whistleblowers given new protection

ELIZABETH MCARTHUR  |  WEDNESDAY, 3 JUL 2019
From July 1, whistleblowers who report misconduct about companies and company officers have more rights and stronger protections. The Corporations Act 2001 has been updated to better protect corporate whistleblowers by requiring their confidentiality ...

Raiz hikes fees for low balances

KARREN VERGARA  |  TUESDAY, 2 JUL 2019
Raiz Invest is bumping up fees for low-balance customers from 1 August 2019. Monthly maintenance fees will increase to $2.50 for active account balances of less than $10,000. For accounts with equal to or greater than $10,000, the account fee is unchanged ...