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Showing 5631 - 5640 of 28263 results for "NOT"

Retail funds to benefit from YFYS test changes

KANIKA SOOD  |  FRIDAY, 27 AUG 2021
... each. Lastly, Brookfield Australia MySuper and Energy Super will see 4bps each of improvement from the changes. "This change not only gives funds a free pass for historic fee gouging, it opens the test to manipulation," ISA said. "A fund could cut its ...

ASIC to ease hardline stance

KARREN VERGARA  |  FRIDAY, 27 AUG 2021
... costs and burdens of regulatory requirements for regulated entities and consumers". ASIC must ensure that its guidance is "not unduly prescriptive" and that it does not limit businesses' discretion and flexibility to operate in the manner they see ...

NAB fined $18.5m over misleading fee disclosure

JAMIE WILLIAMSON  |  THURSDAY, 26 AUG 2021
... to clients in those statements about the amount they'd paid and the services received. It was also determined NAB did not have the systems in place to identify whether services were provided in accordance with client service agreements; fee disclosure ...

No all-male boards in ASX 200

JAMIE WILLIAMSON  |  THURSDAY, 26 AUG 2021
... or government intervention. "When the push for gender diversity on the ASX 200 began, there was a view that Australia did not offer the talent pool of qualified women to achieve the targets we set," 30% Club Australia chair Nicola Wakefield Evans said. ...

Industry steps up for Lifeline

ELIZABETH MCARTHUR  |  THURSDAY, 26 AUG 2021
Some financial services heavyweights have thrown their support behind Lifeline, as the pandemic, lockdowns and economic uncertainty sees mental health services stretched. Janus Henderson head of retail distribution Jordan Tang organised Berry Motorfair ...

The next 20 years in Aussie ETFs

KANIKA SOOD  |  THURSDAY, 26 AUG 2021
State Street's head of the asset manager segment in Asia Pacific Neil Macdonald says active ETFs, thematic products and ESG will dominate the ETF industry in the years to come. Macdonald joined State Street earlier this year from KPMG, and now works ...

IOOF posts $143.5m loss for FY21

KANIKA SOOD  |  THURSDAY, 26 AUG 2021
... million) and by end of FY24 for MLC Advice (UNPAT of $71.9 million). IOOF chief executive Renato Mota said the company will not chase scale necessarily, despite recent acquisitions, to grow adviser numbers. "...We see [with] growth in number of clients ...

Future Fund boasts 22.2% returns

KARREN VERGARA  |  THURSDAY, 26 AUG 2021
... be "slightly harder to achieve our mandate returns". She added that the fund's level of equity allocation right now is not at the all-time high "We are not seeking to make a prediction about the recovery from COVID. [When we] position the portfolio ...

Madison delivers for Clime one year on

KARREN VERGARA  |  THURSDAY, 26 AUG 2021
... at an extraordinary general meeting. Schafer told Financial Standard at the time: "My real concern is that shareholders are not fully informed about the underlying issues at Clime. It appears that the extraordinary general meeting was called not in the ...

NGS, ACSRF shelve merger plans

KANIKA SOOD  |  WEDNESDAY, 25 AUG 2021
... combined board was to have 12 seats, split evenly across the two funds. On August 25, the two funds said they have decided to not merge. "Since the announcement of the planned merger in August 2020, the regulatory and commercial environments have changed ...