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Showing 3891 - 3900 of 14212 results for "Interest"

Trustee behaviour in a COVID-19 world

ELIZA BAVIN  |  THURSDAY, 7 MAY 2020
SMSF trustee behaviour will be under scrutiny from the Australian Taxation Office and they're set to face some tough penalties if they assist in the illegal early release of super. Under the government's ERS scheme, a number of key issues face SMSF ...

AFSL pleads guilty to mishandling client money

KANIKA SOOD  |  THURSDAY, 7 MAY 2020
In the first case of its kind in Australia, an AFSL is facing criminal prosecution for mishandling client monies, and has pleaded guilty. Pershing Securities Australia Pty Ltd (PSAL) pleaded guilty at the Downing Centre Local Court in Sydney to mishandling ...

Pinnacle boutique launches Cayman fund

KANIKA SOOD  |  THURSDAY, 7 MAY 2020
... discretionary macro trading strategy is the best way to exploit opportunities across Asia. "Divergent central bank policies on interest rates and foreign exchange, equity market dispersion, and temporary dislocations caused by the dominance of retail ...

QSuper not to appeal AFCA win

KANIKA SOOD  |  THURSDAY, 7 MAY 2020
The $110 billion superannuation fund has decided to not appeal a Federal Court order upholding an AFCA decision but says it creates further obligations for superannuation trustees. In April, QSuper's board appealed unsuccessfully to the Federal ...

ME Bank saga could impact super funds

ELIZABETH MCARTHUR  |  THURSDAY, 7 MAY 2020
... Robertson the move to suddenly take away redraw facilities from people paying off mortgages is not in anyone's best interest. In ordinary circumstances, he said, people see redraw facilities as savings. And even a financial adviser would see it that ...

Chief economist update: Will emerging markets be first to emerge?

BENJAMIN ONG  |  THURSDAY, 7 MAY 2020
... percent in 2021" - an improvement from the 3.7% growth rate for 2019. This becomes even more convincing given the three interest rate cuts implemented by the Fed in July, September and October 2019. Until the coronavirus became a pandemic, that is. In ...

Opportunities abound in COVID-19 environment

ALLY SELBY  |  WEDNESDAY, 6 MAY 2020
... of the world economy in recession, it will actually be a positive for businesses as they begin to recover, he argued. "Interest rates will also assist recovery and will stay lower for longer, possibly for years to come," Xiradis said. He recommends investors ...

Super switching three times higher: CFS

ELIZA BAVIN  |  WEDNESDAY, 6 MAY 2020
New data from Colonial First State (CFS) found switches by super members were three times the usual rate in March as Australians moved their super to cash in the midst of the COVID-19 pandemic. The data found 39% of those that switched their super moved ...

New course helps advisers recognise financial abuse

JULIA NEWBOULD  |  TUESDAY, 5 MAY 2020
... certified logo to let potential clients know they're qualified to assist and understand, Cassar said. "We have also had interest from practice management staff and team members who would like to complete the course for their own personal interest ...

Platform cancels top 50 funds list

ELIZABETH MCARTHUR  |  TUESDAY, 5 MAY 2020
... platform's decision to axe the top 50 list, in February the FCA wrote to chief executives of platforms about conflicts of interest. "Firms operating Best Buy lists must construct them impartially and manage conflicts e.g. preference for funds offering ...