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Showing 3921 - 3930 of 10705 results for "May 2012"

Adviser exam draft legislation released

JAMIE WILLIAMSON  |  MONDAY, 17 DEC 2018
The Financial Adviser Standards and Ethics Authority released draft legislation for the adviser examination, including what it will cost to sit the assessment. Following consultation, FASEA has determined the exam will be a 3.5 hour supervised test ...

Markets could delay retirement plans

KANIKA SOOD  |  MONDAY, 17 DEC 2018
More than 420,000 Australian who are due to retire in the next 12 months may have to delay their plans as lackluster share market returns, falling property prices and low interest rates obstruct their wealth. Recent research by Roy Morgan found Aussies ...

Chief economist update: Is there a bear in there?

BENJAMIN ONG  |  MONDAY, 17 DEC 2018
It may not be Play School - yes, I was watching this Australian TV kiddie show when the kids were growing up - but the Australian Financial Review (AFR) and Bloomberg's now talking about the grizzly. "The S&P 600 small cap index fell into a bear ...

MLC admin error hits superannuation DB members

KARREN VERGARA  |  FRIDAY, 14 DEC 2018
MLC confirmed that one of its superannuation funds under the Plum brand incurred an administration error. It is understood the admin error affected about 30 members from a legacy ExxonMobil defined benefit scheme. MLC did not disclose if the incorrect ...

Chief economist update: ECB bids farewell to QE

BENJAMIN ONG  |  FRIDAY, 14 DEC 2018
The European Central Bank (ECB) delivered on its promise. While it kept interest rates unchanged - repo rate at 0%; deposit facility rate at -0.4%; marginal lending facility rate at 0.25% - at its December 13 Governing Council meeting, it also confirmed ...

FASEA to assess professional advice designations

JAMIE WILLIAMSON  |  THURSDAY, 13 DEC 2018
Financial advice industry associations can now apply to FASEA for accreditation for their respective professional designation programs. The Financial Adviser Standards and Ethics Authority confirmed it has invited associations to apply for accreditation ...

Chief economist update: Does the Fed lift or cut interest rates just for the heck of it?

BENJAMIN ONG  |  THURSDAY, 13 DEC 2018
The British Parliament has put a full stop to months of speculation over PM Theresa May's leadership when she emerged victorious - 200 to 117 - over her own party's (the Conservative Party) no confidence motion lodged against her. The Party's ...

Bentham AM launches mFund

KANIKA SOOD  |  WEDNESDAY, 12 DEC 2018
Richard Quin's Bentham Asset Management is launching a new mFund for its asset-backed securities (ABS) strategy as the boutique ramps up the distribution for the $130 million strategy. The now $8 billion boutique broke away from the Sydney offices ...

Chief economist update: So much Brexit uncertainty, so little time

BENJAMIN ONG  |  WEDNESDAY, 12 DEC 2018
When UK prime minister Theresa May declared that "Brexit is Brexit" and "no Brexit deal is better than a bad Brexit deal" when she addressed EU ambassadors in London on the 17 January 2017, she laid out 12 objectives for Brexit negotiations: 1. Clarity ...

Retirement income covenant consultation continues

KARREN VERGARA  |  TUESDAY, 11 DEC 2018
Treasury is seeking consultation on disclosure documents and calculation methods for its proposed retirement income covenant. Phase two of the Retirement Income Framework is aiming to develop standardised and simplified metrics in product disclosure ...