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Showing 551 - 560 of 1719 results for "Minimum"

Litigation funders will need AFSLs

ELIZABETH MCARTHUR  |  FRIDAY, 22 MAY 2020
... capital adequacy requirements, disclosure obligations and reporting standards. Omni Bridgeway also said it supports a minimum return to group members in a class action of no less than 50% of the proceeds from the action. In announcing the inquiry into ...

ASIC revokes AFSL suspension, cancels another

ELIZA BAVIN  |  TUESDAY, 19 MAY 2020
... cancellation, Tailormade is required to maintain its membership of the Australian Financial Complaints Authority for a minimum of 12 months and hold adequate professional indemnity insurance cover." Meanwhile, ASIC has revoked its suspension of Sydney-based ...

Powerwrap inks strategic partnership

HARRISON WORLEY  |  MONDAY, 18 MAY 2020
... on the platform within the next 12 months. The deal sees Powerwrap locked in as the firm's administration partner for a minimum of five years, and the platform said it expects to become the local distributor of Qualis' funds. Powerwrap chief executive ...

Morningstar downgrades two Vanguard funds to neutral

KANIKA SOOD  |  WEDNESDAY, 13 MAY 2020
... bringing attention to the vehicles' higher fees compared to their listed or wholesale versions. The lower-investment-minimum share classes of the $16.7 billion Vanguard Index Australian Shares Fund and the $2 billion Vanguard High Yield Australian ...

COVID-19 creates case for robo-advice

ELIZABETH MCARTHUR  |  THURSDAY, 7 MAY 2020
... every day and the holding period for the stocks being purchased compressing to one day." Six Park has now lowered its minimum investment to $5000 from $10,000 and is waiving investment management fees for three months. "There's too many people that aren't ...

Software provider launches ERS tech solution

ALLY SELBY  |  WEDNESDAY, 6 MAY 2020
... ATO's ERS payments from the April 20 commencement date. The government's legislative changes included a reduction in the minimum drawdowns from pensions as well as early access to retirement savings by those financially impacted by COVID-19. Bravura ...

Superannuation startup launches raise

KANIKA SOOD  |  WEDNESDAY, 6 MAY 2020
... equity campaign launched yesterday. The fund is conducting the retail raise through online platform Birchal and has set the minimum investment at $250 and the maximum at $10,000. It runs for the next 22 days. It is to be followed by an institutional ...

Adviser salaries in 2020 revealed

JAMIE WILLIAMSON  |  WEDNESDAY, 6 MAY 2020
... Salary Guide 2020 shows a senior adviser in Sydney or Melbourne who has been in the role for at least five years and has a minimum of 10 years' total experience can expect annual remuneration of $120,000-$160,000. That is inclusive of superannuation ...

Mayfair 101 reveals new sub-division, hires chief

ELIZABETH MCARTHUR  |  TUESDAY, 5 MAY 2020
... bond for "qualified" wholesale investors promising a share in Mission Beach and Dunk Island tourist attractions for a minimum investment of $250,000. Investors in Mayfair's Australian Property Bonds will receive three nights of complementary accommodation ...

ERS top of mind for advisers

ELIZA BAVIN  |  MONDAY, 4 MAY 2020
... March and April, according to new figures from AMP's technical adviser support team. The next most asked about issue was minimum pension drawdowns as the government relaxed the rules and retirement balances were hit by the volatility in financial markets. ...