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Showing 4701 - 4710 of 10553 results for "BEI"

CBA faces anti-money laundering allegations

EMMA RAPAPORT  |  FRIDAY, 4 AUG 2017
The Commonwealth Bank is potentially facing millions of dollars in civil penalties following allegations it did not comply with anti-money laundering and counter-terrorism law. Financial intelligence and regulatory agency AUSTRAC has initiated Federal ...

Losses consistent with growth objectives: CGA

ALEX BURKE  |  THURSDAY, 3 AUG 2017
The board of Contango Asset Management (CGA) responded to an ASX query about whether it had sufficient funds to continue operating, saying negative cashflows are "consistent with long-term growth objectives." ASX principal adviser, listings compliance ...

Crisis emerging in Australian retirement system: HILDA

EMMA RAPAPORT  |  THURSDAY, 3 AUG 2017
The University of Melbourne says the long-term sustainability of Australia's retirement system is under threat from a growing wealth divide across generations. According to the university's latest Housing, Income, and Labour Dynamics in Australia (HILDA) ...

Industry fund reduces insurance premiums

KARREN VERGARA  |  THURSDAY, 3 AUG 2017
An industry super fund with $2.1 billion in assets under management is reducing its premiums on its income protection policy. Intrust Super's PayGuard policy premiums will reduce as much as 12% effective 1 October 2017. Intrust Super chief executive ...

Industry fund makes tech play to combat unpaid super

EMMA RAPAPORT  |  WEDNESDAY, 2 AUG 2017
Australia's largest superannuation fund, with more than $120 billion under management, is hoping to tackle the problem of unpaid super with a mobile application upgrade. The AustralianSuper app, which first launched in 2015, will allow members to receive ...

Class action on the cards for ASX healthcare firm

ALEX BURKE  |  TUESDAY, 1 AUG 2017
An ASX-listed healthcare company is facing a potential class action from shareholders, including major Australian fund managers, following a 37% fall in share price. William Roberts Lawyers has alleged that Sirtex Medical, which manufactures and distributes ...

Labor cracks down on discretionary trusts

KARREN VERGARA  |  MONDAY, 31 JUL 2017
Opposition Leader Bill Shorten is cracking down on high-income earners exploiting a trust loophole that minimises tax bills. The Labor leader is pledging to impose a minimum 30% tax rate on the distributions of discretionary trusts to beneficiaries ...

easyMarkets launches SMSF tool, appoints MD

EMMA RAPAPORT  |  MONDAY, 31 JUL 2017
Growing SMSF investor demand for institutional-grade investment training has led a global markets brokerage to launch a new tool. The SMSF Active Traders Group, operated by easyMarkets, equips SMSF trusses with strategies, methodologies and the risk ...

Remembering Gerry Porter

JAMIE WILLIAMSON  |  MONDAY, 31 JUL 2017
The financial advice industry is mourning the loss of the man behind the Association of Financial Advisers' Genxt initiative. Former AFA board member and Queensland state director Gerry Porter, who passed away over the weekend, is being remembered as ...

Direct life insurance review underway: ASIC

KARREN VERGARA  |  FRIDAY, 28 JUL 2017
A major review investigating why some consumers are worse off from purchasing life insurance via direct channels is underway. ASIC senior executive leader and regional commissioner, Michael Saadat, told the FSC Leaders Summit this week that the corporate ...