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Showing 421 - 430 of 2103 results for "This Week"

CFS slashes trail commissions on some funds

KANIKA SOOD  |  THURSDAY, 29 AUG 2019
... recommendation against grandfathered commissions, which ASIC has listed as a priority in its corporate plan released this week.

Government should intervene in BOLR changes: Opposition

JAMIE WILLIAMSON  |  FRIDAY, 23 AUG 2019
... financial ruin as a result of AMP's plan to change Buyer of Last Resort terms. Speaking in NSW parliament earlier this week, member of the opposition Daniel Mookhey asked minister for finance and small business Damien Tudehope what steps the government ...

Plato to raise $200 million

KRISTI CHENG  |  THURSDAY, 15 AUG 2019
... them" he said. The closing date for both the Entitlement Offer and the Broker Firm Shortfall Offer is 30 August 2019. This week, Magellan Financial Group also announced it plans to raise $275 million in capital to fund growth opportunities, including ...

APRA opens margin requirement talks

HARRISON WORLEY  |  THURSDAY, 15 AUG 2019
... bodies eligible for substituted compliance with APRA's margin requirements in CPS 226 after Brexit. Separately, APRA this week hit insurer Allianz with an additional capital requirement of $250 million, after gaps were identified by its governance risk ...

Former adviser cops 20-year prison sentence

JAMIE WILLIAMSON  |  FRIDAY, 2 AUG 2019
... some of which was used to fund religious ceremonies to ward off federal investigators. Dawn Bennett of Maryland was this week sentenced to 20 years in federal prison for her conviction on 17 charges relating to a $29.3 million (US$20 million) Ponzi scheme. ...

Unfair contract terms extended to insurance

KARREN VERGARA  |  FRIDAY, 2 AUG 2019
... contracts. Treasurer Josh Frydenberg said proposed amendments to the Unfair Terms in Insurance Contracts Bill 2019 announced this week is the result of the Coalition taking action on the financial services Royal Commission's recommendations. "Removing ...

AFA, FPA slam haste in ending grandfathered commissions

KRISTI CHENG  |  FRIDAY, 2 AUG 2019
... criticised the time frame given to phase out grandfathered commissions. Treasurer Josh Frydenberg announced earlier this week legislation would be introduced to ban the payment of grandfathered commissions this month, giving the industry 17 months to ...

Jane Hume to address AFA Conference

KRISTI CHENG  |  THURSDAY, 1 AUG 2019
... the inefficiencies that prevent members from retiring with more money, as recommended by the Productivity Commission. This week, Hume and Treasurer Josh Frydenberg announced the government will introduce legislation this week to end the payment of grandfathered ...

Patersons launches first SMAs

ELIZABETH MCARTHUR  |  THURSDAY, 1 AUG 2019
... its first separately managed account offerings. The stockbroking and wealth management firm released two SMA models this week. The models had previously been run by Patersons as in-house model portfolios. It is the first time Patersons has launched SMAs ...

Final nail in the coffin for grandfathered commissions

KANIKA SOOD  |  TUESDAY, 30 JUL 2019
The government will introduce legislation this week to end the payment of grandfathered commissions to financial advisers by 1 January 2021. Federal Treasurer Josh Frydenberg and assistant minister for superannuation, financial services and financial ...