Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 471 - 480 of 1193 results for "Switch"

Asset manager shutters two funds

KARREN VERGARA  |  MONDAY, 5 NOV 2018
... "consolidate the product range into a more efficient structure." Investors impacted by the closures were given the opportunity to switch to the Nikko AM Australian Share Wholesale Fund. The fund manager told investors it stopped receiving applications ...

Melbourne AFSL pays $9 million in fines

KANIKA SOOD  |  MONDAY, 5 NOV 2018
A Melbourne company has copped about $9 million in penalties after ASIC found it offered personal loans with the proviso customers implement financial advice from the firm. Financial Circle offered personal loans to consumers of up to $5000. However ...

Super funds react to market sell off

KANIKA SOOD  |  MONDAY, 29 OCT 2018
... they could end up worse off in the longer term. "When markets fall, it's a natural human response to panic, but if you switch your money to 'safer' asset classes such as cash and bonds, you risk missing out on benefitting from the recovery ...

AMP ditches SMSF lending

KANIKA SOOD  |  WEDNESDAY, 26 SEP 2018
... joining CBA and Westpac. AMP will support current SMSF home loan customers. But starting November, they will not be able to switch to interest-only or refinance their loans. This leaves Macquarie, Bendigo Bank and Bank of Queensland who continue to lend ...

Don't use multiple SMSFs to dodge tax: ATO

KANIKA SOOD  |  FRIDAY, 21 SEP 2018
Self-managed super fund trustees are using multiple SMSFs to manipulate tax outcomes, Australian Taxation Office deputy commissioner superannuation James O'Halloran said in his speech to the National SMSF Conference in Melbourne. The ATO believes 13,600 ...

Retail super funds reject MySuper delays

KARREN VERGARA  |  TUESDAY, 4 SEP 2018
... would not be moved into the fund's MySuper product. It pointed out that such a transfer is not a matter of "flicking a switch." Given the complexity of the product offering within the Suncorp Master Trust and prior to completing its Super Simplification ...

More risk advisers offloading practices

KARREN VERGARA  |  WEDNESDAY, 29 AUG 2018
Pressures of the Royal Commission, the Life Insurance Framework and educational reforms are prompting risk advisers to hurriedly sell their practices at discount prices, a merger and acquisitions expert says. Radar Results principal John Birt said there ...

Retail super funds in hot water: Royal Commission

KARREN VERGARA  |  MONDAY, 27 AUG 2018
Retail superannuation funds at CBA, NAB, AMP and other institutions could face criminal charges after the Royal Commission's team of lawyers highlighted several instances where corporate and superannuation law was breached. The closing submission ...

Former licensee chief to lead fund manager

JAMIE WILLIAMSON  |  TUESDAY, 21 AUG 2018
... Australia's largest environmental NGO, Greening Australia. Clime said managing director and founder John Abernethy will switch his focus to growth objectives within the newly-established Clime Private Wealth. Currently licensed to provide personal ...

Natixis appoints insto sales head

KANIKA SOOD  |  TUESDAY, 21 AUG 2018
... Australian business and play a part in the firm's strong culture of contributing to the community around us." Making the switch from investment banking to investment management in 2007, Watson added that working closely with investors during the GFC ...