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Showing 4281 - 4290 of 10553 results for "BEI"

Keybridge outraged at latest Molopo transaction

ALEX BURKE  |  MONDAY, 14 MAY 2018
Keybridge Capital said its "concerns have now turned to outrage" as Molopo Energy, in which it has a 20% ownership stake, revealed another US$23 million transaction in an asset the manager considers worthless. This transaction with Drawbridge Energy ...

Adviser disciplinary regime has holes: AFA

JAMIE WILLIAMSON  |  MONDAY, 14 MAY 2018
The Association of Financial Advisers concedes the existing disciplinary regime for financial advisers is largely ineffective due to a lack of communication between responsible parties. In its response submission to the Royal Commission the AFA said ...

Commonwealth Bank CFO resigns

JAMIE WILLIAMSON  |  MONDAY, 14 MAY 2018
Commonwealth Bank chief financial officer Rob Jesudason has resigned with immediate effect after less than 12 months in the role. Jesudason is relocating to Hong Kong after being appointed as group president and chief operating officer of Block.one ...

Australian Ethical divests AMP

ALEX BURKE  |  THURSDAY, 10 MAY 2018
Australian Ethical will divest AMP following the governance failures exposed by the Royal Commission. Speaking to Financial Standard, Australian Ethical head of ethics research Stuart Palmer said while AMP passed its ethical screening in 2016, and the ...

Link Group loses $15bn industry fund mandate

ALEX BURKE  |  THURSDAY, 10 MAY 2018
As part of its discussions about how the Budget's superannuation reforms will affect business, Link Group said its contract with a $15 billion industry fund will not be renewed. The mandate with CareSuper represents about 1% of Link Group's pro-forma ...

Chief economist update: When good oil goes bad

BENJAMIN ONG  |  THURSDAY, 10 MAY 2018
Let me take you down (no, I'm not going to Strawberry Fields) back to early 2016, when the US and the European Union decided to lift financial and oil sanctions on Iran. Almost immediately Tehran announced it's bringing back production to 3 million ...

Budget big picture: Surplus on radar

ALEX DUNNIN  |  TUESDAY, 8 MAY 2018
Treasurer Scott Morrison, in his third Commonwealth Budget reports that government receipts rising 8.6% during 2017-18, compared to expenditure rising 4.7%, leaves Australia with an annual deficit of $18.2 billion and on its way to a modest $2.2 billion ...

Application fees increase for tax advisers

ALEX BURKE  |  TUESDAY, 8 MAY 2018
Increased funding for the Tax Practitioners Board will be offset by an increase in application fees for tax practitioners, including financial advisers. The Government said it would provide $20.1 million over four years from 2018-19 so as to assist ...

Baby boomers receive $259 million, pension work bonus lifted

KANIKA SOOD  |  TUESDAY, 8 MAY 2018
Working baby boomers who also receive age pensions will now be able to earn up to $300 a fortnight before the Government starts to trim their pension payments. The 2018 Budget initiative formed part of Treasurer Scott Morrison's $258.6 million baby ...

Government to ban default life insurance in super

ALEX BURKE  |  TUESDAY, 8 MAY 2018
The Federal Government will mandate that superannuation funds no longer have opt-out life insurance arrangements for members under 25 and those with low balances. Budget papers said this was being done as a means of "protecting Australians' retirement ...