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Showing 501 - 510 of 1292 results for "Request"

Government ignored ASIC over LIC carve-out

HARRISON WORLEY  |  MONDAY, 6 JAN 2020
... Financial Advice conflicted commission ban. According to documents published last week under a freedom of information request made by The Australian Financial Review, ASIC pleaded with the Coalition government not to expand the stamping fee carve-out ...

FASEA responds to concerns

ELIZABETH MCARTHUR  |  FRIDAY, 20 DEC 2019
... relates to that scope," FASEA said. Some further issues were identified during the consultation period. These included a request to clarify perceived inconsistencies between the code and legislative instrument, calls for more examples to demonstrate ...

What you read in 2019: Superannuation

JAMIE WILLIAMSON  |  FRIDAY, 20 DEC 2019
The past year has served as the beginning of the superannuation industry's transformation. Yes, recent years have seen nothing but reform after reform, but 2019 has been something different entirely. The Productivity Commission and Royal Commission ...

Industry fund awards mandates

KANIKA SOOD  |  TUESDAY, 17 DEC 2019
... currency. The managers winning the allocation are Ashmore Group and PGIM, who were chosen from 38 managers that applied in the request for proposal process. The fund will split them across its fixed income and alternatives allocations. It will hold mostly ...

Wealth manager launches new platform

ELIZA BAVIN  |  THURSDAY, 12 DEC 2019
A Tasmania-based wealth manager has announced the launch of a new managed fund platform and appointed a custodian. MyState's wealth management business, TPT Wealth, has launched a new platform to provide managed fund investors with national digital ...

ASIC lifts ban on new opaque active ETFs

KANIKA SOOD  |  WEDNESDAY, 11 DEC 2019
Fund managers will be allowed to list new non-transparent active ETFs, as ASIC lifts the pause after a six-month-long review. However, it has asked responsible entities and market making agents to review their current arrangements to manage risks. The ...

Thousands exit Westpac raise

HARRISON WORLEY  |  WEDNESDAY, 11 DEC 2019
More than 3300 Westpac investors decided to exit the bank's recent share placement plan, taking close to $70 million with them. Westpac has smashed through its target of $500 million on its way to raising $770 million of investor capital, and the big ...

Life insurers lost $3.4b over five years: APRA

ELIZA BAVIN  |  TUESDAY, 3 DEC 2019
The Australian Prudential Regulation Authority has launched an intervention into the life insurance market in response to ongoing heavy losses in respect of individual disability income insurance. The regulator announced a series of measures, including ...

Super fund PDSs to include single cost of product figure

HARRISON WORLEY  |  FRIDAY, 29 NOV 2019
... ASIC's update as a "positive step forward for Australians". However, Loane said the council remained disappointed that its request for a longer timeframe for compliance had not been granted, noting its submission earlier this year "pressed strongly" ...

ASIC probes Regal Funds Management

HARRISON WORLEY  |  WEDNESDAY, 27 NOV 2019
... certain securities. The confirmation comes just a day after trading was halted on the firm's Regal Investment Fund at the request of responsible entity Equity Trustees (EQT), after it was informed of the investigation earlier in the day. "The trading ...