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Showing 4761 - 4770 of 14213 results for "Interest"

Major advice licensee in possible best interest breach

JAMIE WILLIAMSON  |  THURSDAY, 4 APR 2019
... regulator became concerned that some of SMSF Adviser Network's advisers failed to demonstrate compliance with the best interest duty and related obligations. The watchdog found Statement of Advice (SOA) documents used by the group contained heavily ...

Kelaher to leave IOOF

ELIZABETH MCARTHUR  |  THURSDAY, 4 APR 2019
... head of ethics research Stuart Palmer said the decision was driven by IOOF's failure to put governance and conflicts of interest management arrangements in place to safeguard super members. Also in January, ANZ revised its wealth sale agreement with ...

Managed accounts grow, but education remains low

HARRISON WORLEY  |  WEDNESDAY, 3 APR 2019
Latest research shows managed accounts usage continues to grow in Australia, despite educational deficiencies. Global asset manager State Street Global Advisors released research in conjunction with Investment Trends that reveals almost double the amount ...

NFP intra-fund advice is not a distribution channel

KARREN VERGARA  |  WEDNESDAY, 3 APR 2019
The value of financial advice provided via not-for-profit superannuation funds should not be tainted as a result of discussions about dismantling vertical integration. This is according to Industry Fund Services chief executive Cath Bowtell, who said ...

Coalition to boost retail access to corporate bonds

ELIZABETH MCARTHUR  |  WEDNESDAY, 3 APR 2019
As part of the 2019 Federal Budget, the Morrison Government has committed to consulting on reforms to develop the corporate bond market. Following the release of the Budget, Assistant Treasurer Stuart Robert said: "A strong retail corporate bond market ...

Record tax receipts, record outlays yet back to surplus

ALEX DUNNIN  |  TUESDAY, 2 APR 2019
... individuals, 24% is due to increasing company tax payments, and 20% is due to increases in revenue from asset sales, interest received and dividends. Increasing taxation revenue from super funds accounted for less than 2% of the total increase in Commonwealth ...

Protecting Your Super Package will cross finish line: Treasurer

KARREN VERGARA  |  TUESDAY, 2 APR 2019
... an actuarial certificate when calculating ECPI using the proportionate method. The Government will seek expressions of interest in 2019-20 to help establish a Superannuation Consumer Advocate and provide $100,000 of funding. "The Advocate would provide ...

Australia back in the black

KANIKA SOOD  |  TUESDAY, 2 APR 2019
... Net debt is projected to be eliminated by 2029-30," the Budget said. Frydenberg said the Government paid $18 billion in interest on the national debt last year. The net debt is expected to peak in 2018-2019 when we will have a net debt that is 19.2% ...

UBS small caps team launches boutique

KANIKA SOOD  |  TUESDAY, 2 APR 2019
UBS Asset Management's small caps team is kicking off a boutique at Challenger's multi-boutique business Fidante Partners with a new unit trust in the works. Stephen Wood, Victor Gomes and David Haddad worked together for eight years on the ...

New Zealand investors call for action after attacks

ELIZABETH MCARTHUR  |  TUESDAY, 2 APR 2019
... for the initiative from the wider New Zealand investment sector." He said there is also a groundswell of international interest and support and the group is now seeking the involvement of other leading institutional investors globally. "Collective action ...