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Showing 441 - 450 of 1111 results for "Notice"

RBA pulls QE trigger

ELIZA BAVIN  |  THURSDAY, 19 MAR 2020
... financial markets by conducting one-month and three-month repo operations in its daily market operations until further notice. In addition, it will conduct longer-term repo operations of six-month maturity or longer at least weekly, "as long as market ...

AMP Life, AMP Capital fined

ELIZABETH MCARTHUR  |  TUESDAY, 17 MAR 2020
AMP Life and AMP Capital have paid hefty penalties following infringement notices issued by ASIC. AMP Life paid $275,500 and AMP Capital paid $250,500. "ASIC issued the infringement notices as it considers there are reasonable grounds to believe there ...

ASIC drags CFS to court over MySuper

ELIZABETH MCARTHUR  |  TUESDAY, 17 MAR 2020
ASIC has commenced civil proceedings in the Federal Court against Colonial First State, alleging that it engaged in misleading communication with members. Following the introduction of legislation in 2012 that required trustees to offer members a default ...

Philippines halts all trading

ELIZA BAVIN  |  TUESDAY, 17 MAR 2020
The Philippines Stock Exchange (PSE) has announced it will halt trade until further notice, making it the first nation to close markets. The PSE made the announcement to the stock market, saying the decision is to ensure the safety of employees and ...

Former ANZ Wealth investment chief exits

JAMIE WILLIAMSON  |  MONDAY, 16 MAR 2020
... Last week the Finance Sector Union revealed 230 staff within the private banking and advice divisions had been given their notice. Rider was with ANZ since April 2013, originally having joined as head of investment strategy and asset allocation. Prior ...

Financial regulators poised for action

HARRISON WORLEY  |  MONDAY, 16 MAR 2020
... "a number of large equity market participants" by 25% from the levels they executed on Friday (March 13), until further notice. ASIC said the steps were put in place to ensure the resilience of Australia's equity markets as COVID-19 continues to ...

ClearView restructures pricing as life sector struggles

HARRISON WORLEY  |  FRIDAY, 13 MAR 2020
The tough times in Australia's life insurance sector have forced the provider to overhaul its pricing. ClearView has revised its pricing across its Life Solutions stepped and hybrid income protection products, as the insurer battles to remain profitable ...

Life insurers breach own code consistently

ELIZABETH MCARTHUR  |  WEDNESDAY, 11 MAR 2020
Law firm Maurice Blackburn has called out the life insurance industry, saying insurers breached their Code of Practice hundreds of times in just six months. The Life Code Compliance Committee (LCCC) conducted an investigation and found many insurers ...

Northern Trust climbs custody league tables

HARRISON WORLEY  |  WEDNESDAY, 4 MAR 2020
Northern Trust has rocketed up the asset servicing performance tables, after adding almost 30% to its assets under custody in the second half of 2019. The Australian Custodial Services Association's latest asset servicing industry statistics show Northern ...

Colonial First State cuts fees, closes legacy options

KANIKA SOOD  |  TUESDAY, 3 MAR 2020
... saving outcomes." "However, we recognise this is an adjustment for many advisers and we're committed to providing early notice and supporting them to help navigate and prepare for the changes ahead. "We remain a strong advocate for quality financial ...