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Showing 491 - 500 of 1614 results for "Majority of"

ASIC imposes AFSL conditions on IOOF

JAMIE WILLIAMSON  |  MONDAY, 28 OCT 2019
... additional conditions in relation to governance, structure and compliance. Under the conditions, IISL is required to have a majority of independent directors with skills and background relevant to the operation of managed investment schemes and IDPS ...

Westpac takes $1 billion profit hit

ELIZA BAVIN  |  THURSDAY, 24 OCT 2019
... services to ensure they deliver the right outcomes for customers, and if necessary, make further provisions." The majority of costs relate to customer payments, $191 million for ongoing advice service fees, with the remainder associated with the costs ...

SMSF scheme sees creator jailed

ELIZA BAVIN  |  WEDNESDAY, 23 OCT 2019
... demonstrates that promoters who encourage illegal early access to superannuation will be held accountable. "While the majority of SMSFs do the right thing, this case serves as a reminder that there are severe penalties for those who attempt to cheat ...

Whistleblower calls out approved product lies

ELIZA BAVIN  |  WEDNESDAY, 23 OCT 2019
... appropriate life insurance solution, based on a client's circumstances, needs and objectives. "On the other hand, the majority of institutional licensees continue to operate limited APLs to ensure that new business flows through to related-party ...

Insto sales director departs Principal Global Investors

KANIKA SOOD  |  TUESDAY, 22 OCT 2019
... capabilities." The firm manages $3.8 billion in assets in Australia, down from $4.5 billion at the start of the year. The majority of this is for institutional clients across its strategies in equities, fixed income, real estate, alternatives and multi-asset. ...

Fixed income investors spooked by global politics: Fitch

ELIZA BAVIN  |  THURSDAY, 17 OCT 2019
... investors do not expect major changes to Australian corporates' appetite for leverage over the next year with the majority of investors expecting leverage to increase modestly or stay the same. "Sustainable bonds stand apart from other asset classes ...

NAB builds banking team, cuts fees

ELIZA BAVIN  |  TUESDAY, 1 OCT 2019
... expansion, introducing 163 new roles in its business and private bank while also removing over 100 fees for customers. The majority of the new roles are based in Victoria and New South Wales, with over 130 of the 163 being across those two states. NAB ...

UK insurer fined for annuity sales failings

ELIZA BAVIN  |  TUESDAY, 1 OCT 2019
... this has caused our customers. We are working hard to put this right and are on schedule to offer redress to the vast majority of affected customers by the end of October this year," Prudential said. The FCA added that the insurer offered incentives ...

Milestone ETF Rule passed

JAMIE WILLIAMSON  |  FRIDAY, 27 SEP 2019
... form amendments designed to improve the regulation of ETFs by establishing a clear and consistent framework for the majority of ETFs currently in operation. The adoption of Rule 6c-11 - also known as the ETF Rule - will facilitate greater competition ...

Chief economist update: Future path of fed funds rate

BENJAMIN ONG  |  THURSDAY, 19 SEP 2019
... 50 bps rate cut; two wanted the target rate maintained - but after all was said and done, they were outvoted by the majority of seven (led by Fed chair Powell) which didn't disappoint financial market expectations by cutting the fed funds rate another ...