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Showing 401 - 410 of 1347 results for "Grant"

Super fund PDSs to include single cost of product figure

HARRISON WORLEY  |  FRIDAY, 29 NOV 2019
ASIC has updated its guidance to superannuation funds and issuers of managed investment products on fees and cost disclosure, with a suite of new requirements set to apply from late-2020. The corporate regulator released an updated version of Regulatory ...

Superestate eyes property mandates

HARRISON WORLEY  |  WEDNESDAY, 27 NOV 2019
... offerings, with an eye to managing direct residential property mandates for large investors. Superestate chief executive Grant Brits has revealed the future of the firm will lie in its investment management business, rather than its disruptor superannuation ...

Westpac halts short-term bonuses, culls Litepay

HARRISON WORLEY  |  MONDAY, 25 NOV 2019
... the facts and assess accountability," he said. "In the interim, the board has determined that either all or part of the grant of the 2019 short term variable reward will be withheld for the full executive team and several members of the general management ...

Registration deadline extended: ASIC

ELIZABETH MCARTHUR  |  THURSDAY, 14 NOV 2019
ASIC has told Australian financial services licensees that they will not be in breach of the law because their financial advisers were not able to register with ASIC-approved compliances schemes. The original deadline for registering was 1 January 2020. ...

ASIC to survey whistleblower policies

ELIZA BAVIN  |  THURSDAY, 14 NOV 2019
ASIC plans to survey whistleblower policies of a sample of companies next year. The regulator said it plans to review the selected companies compliance with the legal requirements outlined in the new whistleblower protection laws. This comes as ASIC ...

Chi-X forced to be client of competition

ELIZABETH MCARTHUR  |  MONDAY, 4 NOV 2019
Disrupter stock exchange Chi-X has revealed it is forced to be a client of its competition - the ASX. The ASX currently has a monopoly when it comes to clearances and settlements in Australia. Chi-X chief operating and technology officer Mike Aikins ...

Frozen fund pays investors

KANIKA SOOD  |  TUESDAY, 29 OCT 2019
Investors stuck in a Queensland-based mortgage income fund that went belly up in the GFC have finally received an interim distribution. LM First Mortgage Income Fund's unitholders are set to receive an interim distribution of 6.5 cents for each dollar ...

IOOF to cut bonuses, pays Kelaher millions

ELIZABETH MCARTHUR  |  TUESDAY, 29 OCT 2019
IOOF's annual report includes details of the termination remuneration for former managing director Christopher Kelaher. The report shows Kelaher received a termination payment of $1,273,379 in lieu of his contractual notice period along with additional ...

ASIC imposes AFSL conditions on IOOF

JAMIE WILLIAMSON  |  MONDAY, 28 OCT 2019
The corporate regulator has imposed additional licence conditions on IOOF Investment Services to improve conflicts management. According to ASIC, IOOF Investments Services Limited (IISL) sought a variation of its licence in order to transfer a managed ...

ASIC grants compliance scheme relief

HARRISON WORLEY  |  WEDNESDAY, 16 OCT 2019
ASIC will grant AFS licensees with relief from the obligation to ensure their financial advisers are covered by a compliance scheme. As part of the government's decision late last week to accelerate the establishment of a single disciplinary body for ...