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Showing 3671 - 3680 of 6884 results for "Act2"

LICG successful in triggering AFA EGM

JAMIE WILLIAMSON  |  WEDNESDAY, 31 AUG 2016
The Association of Financial Advisers (AFA) has confirmed it has received the minimum number of member submissions required under the Corporations Act to propose an amendment to its constitution via an extraordinary general meeting (EGM). Spearheaded ...

Capital not enough to prevent failures

KERRIE SYDEE  |  WEDNESDAY, 31 AUG 2016
A lone reliance on capital is an "unwise strategy", according to APRA chair Wayne Byres who said the industry must accept and prepare for failures in the banking industry. Speaking at the Actuaries Institute Banking Conference Byres noted that while ...

Insurers face significant asset risk charges from downgrade

KERRIE SYDEE  |  TUESDAY, 30 AUG 2016
Life and general insurers face the risk of higher asset charges if a sovereign downgrade occurs, according to senior portfolio manager- fixed income at Nikko Asset Management, Darren Langer. In July Standard and Poor's Global Ratings (S&P) revised the ...

MySuper insurance widely misunderstood

JAMIE WILLIAMSON  |  MONDAY, 29 AUG 2016
A lack of understanding around aspects of insurance within MySuper could lead to big problems down the track, according to a panel discussion at the recent Workplace Super Specialists Australia (WSSA) annual conference. During a panel session entitled ...

Macquarie cops fine over van Eyk

JAMIE WILLIAMSON  |  THURSDAY, 25 AUG 2016
Macquarie Group has been fined by ASIC following its admission to the mismanagement of the van Eyk Blueprint International Shares Fund (VBI Fund). On Tuesday, the NSW Supreme Court ordered Macquarie Investment Management (MIM) to pay $400,000 to the ...

LICG will fight on after failing to trigger AFA constitution talks

JAMIE WILLIAMSON  |  THURSDAY, 25 AUG 2016
The Life Insurance Customer Group (LICG) has failed to trigger an extraordinary general meeting of the Association of Financial Advisers (AFA) to explore a change to the body's constitution after nearly half of the submissions it sent requesting one ...

ASIC accepts EU from My Adviser

KERRIE SYDEE  |  WEDNESDAY, 24 AUG 2016
ASIC has accepted the enforceable undertaking (EU) of My Adviser after an investigation found one of its representatives had provided poor and unauthorised advice on a number of instances. The investigation, which commenced in January 2016, looked at ...

AIST publishes Reconciliation plan

KERRIE SYDEE  |  WEDNESDAY, 24 AUG 2016
The Australian Institute of Superannuation Trustees (AIST) has released its 2016-17 Reconciliation Action Plan (RAP) as the industry body strengthens its commitment to reconciliation with Aboriginal and Torres Strait Islander peoples. AIST chief executive ...

Economic Wrap

BENJAMIN ONG  |  WEDNESDAY, 24 AUG 2016
Markit flash US manufacturing PMI Markit Economics' flash US manufacturing purchasing managers' index (PMI) eased to a reading of 52.1 in August from July's nine-month high level of 52.9 on the back of continued solid strength in production. While the ...

Economic Wrap

BENJAMIN ONG  |  TUESDAY, 23 AUG 2016
Australia demographics The Australian Bureau of Statistics' (ABS) latest "Population by Age and Sex, Regions of Australia, 2015" report showed the changes in the country's population dynamics over the past five years. Among the report's key findings ...