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Showing 4071 - 4080 of 10705 results for "May 2012"

Foreign owners take over life insurance: KPMG

KARREN VERGARA  |  TUESDAY, 21 AUG 2018
Foreign companies continue to gain the lion's share of Australia's life insurance industry, with the recent sale of CommInsure and OnePath set to boost foreign ownership from less than half to 66%, KPMG research shows. According to the Life ...

JPMorgan fund excludes tobacco, cuts fees

DARREN SNYDER  |  TUESDAY, 21 AUG 2018
J.P. Morgan Asset Management's flagship multi-asset strategy in Australia now excludes tobacco stocks. It also cut its administration fee by five basis points and recently converted to a trust structure. The Australian-domiciled version of the JPMorgan ...

LIT serves up junk bonds to SMSFs

KANIKA SOOD  |  MONDAY, 20 AUG 2018
A new listed investment trust is offering SMSF investors an opportunity to invest in high-yield bonds, with an annual net distribution north of 5%. The Neuberger Berman Global Corporate Income Trust will hold about 300 high-yield securities, with the ...

Advisers can't ignore CIPR debate: SSGA

KARREN VERGARA  |  MONDAY, 20 AUG 2018
Financial advisers can't afford to ignore the Comprehensive Income Products for Retirement (CIPR) debate as it will affect all corners of the advice industry, a retirement solutions expert says. State Street Global Advisors head of retirement solutions ...

ASIC defends enforceable undertakings at Royal Commission

KANIKA SOOD  |  FRIDAY, 17 AUG 2018
ASIC's favourite method of tackling misconduct came under fire as the Royal Commission capped off its round of superannuation hearings on Friday. First up was Tim Mullaly, a senior executive leader in ASIC's financial services enforcement division. ...

Advisers can help democratise philanthropy

KARREN VERGARA  |  FRIDAY, 17 AUG 2018
Retail investors are fuelling changes in the philanthropic sector that present business development opportunities for the financial advice and wealth management industries, according to an expert. State Street Global Advisors SPDR head of practice management ...

Chief economist update: Don't mind the gap

BENJAMIN ONG  |  FRIDAY, 17 AUG 2018
Hear ye, hear ye... the unemployment gap has closed! The loss of 3900 workers (versus expectations for a 15,000 addition) may have made for sobering reading on the Australian labour market but this was a small give from the 58,200 additional workers ...

Intra-fund advice conflicted: Royal Commission

KARREN VERGARA  |  THURSDAY, 16 AUG 2018
Colonial First State admitted to falling below community standards when it crafted poor communication to super fund members to dissuade them from moving to a cheaper default option. One financial adviser was banned in the process, the Royal Commission ...

ANZ grilled over Smart Choice sales

JAMIE WILLIAMSON  |  THURSDAY, 16 AUG 2018
The selling of superannuation products by ANZ branch staff has been called into question, with the Royal Commission suggesting the bank's practices are misleading and deceptive. Appearing before the Commission this morning, ANZ head of superannuation ...

Frequent traders re-evaluate broking landscape

DARREN SNYDER  |  THURSDAY, 16 AUG 2018
Online brokers are being presented with a new business case to capture the most frequent traders - a group which has spiked in its considerations about switching broking platforms. Research firm Investment Trends said 9% of traders which transact more ...