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| | | A funny thing happened along the way to the Reserve Bank of Australia's (RBA) scheduled monetary policy meeting on May 7 and ahead of the May 18 Federal Election. While the slowing momentum in Australia's economic and survey indicators, and ... |
| | | | ... available from late May 2019, the fund said at the time. Mercer said in a statement that "members will have received advance notice that there will temporarily be limited access to online services until late April." "While we understand it is an inconvenience ... |
| | | | ... would be no later than the end of June 2019. IOOF said today the boards of its entities have decided against disputing the notice, and will respond to APRA "and continue to take positive and constructive steps to implement and maintain the OST within ... |
| | | | 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 ... |
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