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| | | ASIC warned it may take action on superannuation funds that send misleading communication to members about inappropriate fees and insurance premiums. The warning comes in light of the Protecting Your Super package (PYSP) reforms, which are due to take ... |
| | | | ... towards institutions with retail book only $155 million, leaving it at risk if the instos pull out their money at short notice. "This specialised approach holds sizable long and short positions, which could be vulnerable if outflows occur," Morningstar ... |
| | | | Industry funds will shortly take the lead from SMSFs as the sector with the largest assets under management, new KPMG research predicts. KPMG's annual Super Insights report suggests by 2029, industry funds will have more than $2 trillion in assets and ... |
| | | | ... The law firm initially said it would file the action in mid-March. Revelations that IOOF's directors and officers were on notice of these breaches of duty, yet failed to act, will also inform the case. APRA launched legal proceedings against IOOF in ... |
| | | | ... course," the firm writes. IOOF eventually removed the both the chief executive and chair in response to APRA's 'show cause' notice and proposed conditions. "It has acted decisively, and providing that it follows through with meeting APRA's demands, we ... |
| | | | ... arrangements before his employment officially ends on July 2. Kelaher will receive $1.27 million in lieu of his contractual notice period, along with accrued leave entitlements. During the Royal Commission, it was revealed IOOF left some superannuation ... |
| | | | Federal Treasurer Josh Frydenberg ignited mixed reactions on social media when he handed down the 2019-20 Budget tonight. Here's what Twitter accounts had to say. The Liberals boasted achieving a Budget surplus - the first in over a decade. #BREAKING ... |
| | | | ... feel sorry for financial advisers who complain about the banning of grandfathered commissions - given they were put on notice six years ago. Thistlethwaite told a session hearing with ANZ deputy chief executive Alexis George that some financial advisers ... |
| | | | The financial services, insurance and real estate industries have suffered two consecutive quarters of hiring intentions decline. The overall outlook for the sector is well below the six-year high achieved at the end of 2018, a new report from ManpowerGroup ... |
| | | | ... Reporting Mechanism (ARM), a system which complies with specific requirements detailed in MiFID, the FCA wrote in its final notice issued to UBS. Because UBS agreed with the findings and will cooperate in resolving the case, its overall fine was reduced ... |
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