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Showing 3931 - 3940 of 10553 results for "BEI"

Curtain call for industry body after 96 years

JAMIE WILLIAMSON  |  MONDAY, 14 JAN 2019
A retiree body that was set up before the Sydney Harbour Bridge was built shutters its doors this year - in a clear sign of the times. The Superannuated Commonwealth Officers' Association, established in 1923, had 50,000 members at its peak. But ...

Minimum SMSF balance misleading: SuperConcepts

JAMIE WILLIAMSON  |  MONDAY, 14 JAN 2019
The Productivity Commission's proposed minimum balance for self-managed superannuation funds (SMSFs) is "way off", according to SuperConcepts. Despite it being half the balance the commission recommended in its interim report, SuperConcepts believes ...

Chief economist update: Safe as burning houses

BENJAMIN ONG  |  MONDAY, 14 JAN 2019
"As safe as houses" is generally an expression which means with no risk of failure. The US sub-prime crisis (circa 2008-2009) showed us this is no longer the case. The continued drop in Australian property prices provides a warning sign that it could ...

Finalists unveiled for FS Investment Leadership Awards

KANIKA SOOD  |  FRIDAY, 11 JAN 2019
It is competition time for Australia's top investment talent as the Financial Standard Investment Leadership Awards 2019 unveils its shortlist. This year will see investment giants vie alongside small boutiques to take home 19 awards. AMP Capital ...

APRA, ASIC welcome Productivity Commission's superannuation report

HARRISON WORLEY  |  FRIDAY, 11 JAN 2019
The regulators overseeing financial services in Australia have welcomed the Productivity Commission's recommendations to grant them additional powers. After they were blasted in the Productivity Commission's final report into the efficiency and competitiveness ...

Productivity Commission report puts banks first: ACTU

HARRISON WORLEY  |  FRIDAY, 11 JAN 2019
The Australian Council of Trade Unions said removing superannuation from industrial relations is "completely unacceptable" In a media release on Thursday the ACTU called out the final report's recommendation to install a best-in-show list of superannuation ...

BlackRock to drop 500 staff

JAMIE WILLIAMSON  |  FRIDAY, 11 JAN 2019
About 500 BlackRock staff will be laid off in the coming weeks, the investment house has confirmed. In an internal memo to staff, BlackRock president Rob Kapito said growing market uncertainty and evolving investor preferences are driving the firm's ...

Global iShares lead promoted, successor named

JAMIE WILLIAMSON  |  FRIDAY, 11 JAN 2019
The global head of BlackRock iShares and index investments has been promoted. BlackRock has confirmed the promotion of Mark Wiedman to head of international and corporate strategy. Wiedman will report directly to BlackRock chief executive Larry Fink. ...

AFSL super options under the lens

KANIKA SOOD  |  THURSDAY, 10 JAN 2019
The final report recommends ASIC should have greater oversight of the superannuation products sitting on the approved product lists of AFSLs. The Productivity Commission calls for all Australian Financial Services Licensees (AFSL) to "immediately" be ...

Specialist SMSF advisers need only apply

JAMIE WILLIAMSON  |  THURSDAY, 10 JAN 2019
The final report calls for additional requirements that financial advisers must comply with before they provide SMSF advice. The Productivity Commission is again calling for specialist training for those financial advisers wishing to advise on SMSFs ...