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Showing 4201 - 4210 of 28259 results for "NOT"

ASIC confirms advisers can offer home equity access guidance

ANDREW MCKEAN  |  TUESDAY, 10 JAN 2023
... Security Act 1991 (Cth) and is debt owed by the recipient to the government. "The Scheme is provided for under statute and not under a contract, these debts aren't considered 'credit contracts' under the National Credit Act," ASIC stated. "We consider ...

GQG reports strong inflows

ANDREW MCKEAN  |  TUESDAY, 10 JAN 2023
GQG Partners has reported strong net inflows in 2022; the asset manager expects to be a top-ranking active equity manager in Australia. GQG experienced net inflows of US$0.9 billion for the quarter and net inflows of US$8 billion for the full year ended ...

ASIC FAR to display adviser QTRP status

CHLOE WALKER  |  TUESDAY, 10 JAN 2023
... (financial) advice services, it said. "Australian Financial Services (AFS) licensees who authorise financial advisers who are not taken to be QTRPs will need to update the FAR to record whether their financial advisers can provide tax (financial) advice ...

ASIC takes action against more greenwashing

RACHEL ALEMBAKIS  |  TUESDAY, 10 JAN 2023
... investing, including via their superannuation, ASIC wants to make sure funds have the evidence to back their claims and are not promising exclusions that they can't guarantee." ASIC also announced that listed energy company Black Mountain Energy ...

2023 will be better for bonds: Experts

CASSANDRA BALDINI  |  TUESDAY, 10 JAN 2023
... said. "This means a 60/40 strategy will still comprise assets that are very liquid, generally inexpensive to get exposure to, not completely driven by the same factors, and therefore less than perfectly correlated. That brings useful diversification." ...

Don't call it a comeback: APRA on IDII

CHLOE WALKER  |  TUESDAY, 10 JAN 2023
... expected claims. However, changing credit spreads or differences in duration of liabilities and bonds can result in the two not being perfectly matched, so the profits that have emerged from the reduction in liabilities will not always be totally offset ...

Regulator issues interim stop orders

JAMIE WILLIAMSON  |  MONDAY, 9 JAN 2023
... high, and those with a medium investment timeframe. The TMD also didn't include any distribution conditions and therefore does not meet the appropriateness requirements under the design and distribution obligations, the regulator said. "ASIC expects ...

Magellan reports $2.6bn net outflows

ANDREW MCKEAN  |  MONDAY, 9 JAN 2023
... performance fee update for next month. Magellan also said that performance fees for the six months ended 31 December 2022 are not meaningful. "Performance fees (if any) may fluctuate significantly form period to period," the fund commented. For the six ...

First Sentier hires chief risk officer

CASSANDRA BALDINI  |  MONDAY, 9 JAN 2023
First Sentier Investors (FSI) has appointed Jane Daniel as its new chief risk officer, based in London. She will report directly to FSI chief executive Mark Steinberg and join the executive leadership team. Daniel commenced the role last week after ...

AMP, Dexus deal delayed

CASSANDRA BALDINI  |  MONDAY, 9 JAN 2023
... satisfaction of conditions precedent from later this month to February 28. However, if all conditions precedent for completion are not satisfied by January 26, the maximum total consideration payable by Dexus will be reduced to $225 million from $250 ...