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Showing 4721 - 4730 of 14213 results for "Interest"

Future Fund crosses $150 billion

KANIKA SOOD  |  MONDAY, 29 APR 2019
... quarter showed strong returns in public equity markets, no doubt influenced by the US Federal Reserve's decision to hold interest rates and easing US-China trade tensions," Future Fund chair Peter Costello said. "The Future Fund continues to make good ...

ASIC bans AFSL chief executives

ELIZABETH MCARTHUR  |  MONDAY, 29 APR 2019
ASIC banned two joint chief executives from providing financial services for six years following an investigation. Jeffrey Worboys and Matthew Barnett were joint chief executives of Australian Mutual Holdings - an AFSL holder and responsible entity ...

Members dismiss intra-fund advice: Poll

KARREN VERGARA  |  MONDAY, 29 APR 2019
... objective of intra-fund advice, according to ASIC, is to provide simple, non-ongoing personal advice on the member's interest in the fund across MySuper and choice products. The cost of the advice is borne by all members of the fund. ASIC provides guidance ...

IOOF breaches APRA licence conditions

HARRISON WORLEY  |  FRIDAY, 26 APR 2019
IOOF has breached one of APRA's licence conditions by failing to establish a dedicated superannuation trustee function by the 31 March 2019 deadline. IOOF was due to meet and comply with licence conditions imposed by APRA on the embattled wealth ...

Chief economist update: Lock in two RBA rate cuts

BENJAMIN ONG  |  FRIDAY, 26 APR 2019
... price inflation has softened... big time. There's no other option for the Reserve Bank of Australia (RBA) to cut interest rates soon and twice. The Australian Bureau of Statistics' (ABS) consumer price index report showed headline inflation slowed ...

APRA grants ADI licence to Judo Bank

ELIZABETH MCARTHUR  |  WEDNESDAY, 24 APR 2019
... helped them to become the first start-up SME lender to gain a banking authorisation in Australia." "We are seeing a lot of interest in the area, so it is great to see Judo achieve this milestone." Xinja Bank is also awaiting a full licence from APRA. ...

Fire drills needed to meet APRA standards

ELIZABETH MCARTHUR  |  WEDNESDAY, 24 APR 2019
APRA's new enforcement approach to cyber security may mean financial services firms have to conduct fire drills - where fake viruses or phishing attacks are deliberately spread in their systems - to work out the strength of their systems. APRA released ...

Chief economist update: The Fed pause that refreshes

BENJAMIN ONG  |  WEDNESDAY, 24 APR 2019
... absolutely now be quantitative easing" - and White House economic adviser Larry Kudlow - he wants the Fed to "immediately" cut interest rates by 50 basis points - ring hollow. The pause that refreshes. The Fed's forward guidance of a pause was sufficient ...

Superannuation mergers strike oligopoly fears

KARREN VERGARA  |  TUESDAY, 23 APR 2019
Concern the superannuation industry will become an oligopoly like the banking sector is being fuelled by the regulators' new powers and increased funding, specifically aimed at forcing underperforming funds to merge or shut down. Of the $400 million ...

Former Dover, Securitor adviser banned

ELIZABETH MCARTHUR  |  THURSDAY, 18 APR 2019
An adviser formerly licenced by Dover Financial Advisers has been banned for failing to provide advice in the best interest of clients. Peter Anthony Chigwidden has been banned for five years following an ASIC investigation. Chigwidden licensed by Dover ...