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Showing 4241 - 4250 of 14213 results for "Interest"

Pension fund appoints new investment lead

JAMIE WILLIAMSON  |  THURSDAY, 19 DEC 2019
A $228 billion US pension fund has appointed a new chief investment officer after 25 years at the fund. Jerry Albright is stepping down as chief investment officer at the Teacher Retirement System of Texas this month. He will continue to serve as senior ...

ANZ overcharges 3.4 million customers

ALLY SELBY  |  THURSDAY, 19 DEC 2019
... the banking sector thanks to Westpac's alleged money laundering breaches. "There has also been considerable shareholder interest in the role banks play in the prevention of financial crime," he said. "We take this role incredibly seriously and have been ...

Westpac to pay $9.5m for Corps Act breaches

JAMIE WILLIAMSON  |  THURSDAY, 19 DEC 2019
... one former adviser. The court case relates to poor financial advice provided by Sudhir Sinha which breached the best interest duty and related obligations. It was also determined that the breaches were allowed to continue as they also benefitted Westpac. ...

What you read in 2019: Financial advice

JAMIE WILLIAMSON  |  THURSDAY, 19 DEC 2019
... salaries for associate advisers, paraplanners and client service officers. 3. Major advice licensee in possible best interest breach SMSF Advisers Network had additional licence conditions imposed after ASIC surveillance spurred concerns the licensee ...

18 misconceptions about FASEA code

ELIZABETH MCARTHUR  |  THURSDAY, 19 DEC 2019
... shattering," Patterson said. Standard 3 (You must not advise, refer or act in any other manner where you have a conflict of interest or duty) is inconsistent with common law Standard 3 is too vague FASEA's guidance is irrelevant because advisers will ...

Pay jockeys super: Federal Court

ELIZABETH MCARTHUR  |  THURSDAY, 19 DEC 2019
... financial wellbeing," Ford said. "We will pursue outstanding debts, aiming to collect and distribute unpaid super and interest to employees as soon as possible." Two matters - Commissioner of Taxation v. Scone Race Club Limited (SRC) and Commissioner ...

Greater potential for smart beta: Research

ELIZA BAVIN  |  THURSDAY, 19 DEC 2019
... class with $23.7 billion, or 42%, of the market, and Australian equities accounting for $20.3 billion, or 36%. Fixed interest holds 12% of the market, at $6.8 billion, and cash with $2.5 billion.

Chief economist update: Stock rally heralds 2020 cheer

BENJAMIN ONG  |  THURSDAY, 19 DEC 2019
... Fed reversed its direction from normalising monetary policy to cutting the fed funds rate this year while maintaining interest rate settings, the European Central Bank (ECB) embarked on TLTRO III and re-started QE, China boosted both monetary and fiscal ...

Responsible entity declares insolvency

JAMIE WILLIAMSON  |  TUESDAY, 17 DEC 2019
... failed to effectively monitor the performance of Sterling Corporate Services as investment manager or manage conflicts of interest. While the defective PDSs were in use, the trust raised close to $17 million from retail investors.

MLC Life loses super fund mandate

KANIKA SOOD  |  MONDAY, 16 DEC 2019
... chief executive Michael Clancy said the fund decided OnePath Life's product and service offering was in the best interest of its members. MLC started as Qantas Super's insurer (initially as voluntary cover) in January 2012 when Qantas Super managed ...