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Showing 5941 - 5950 of 20553 results for "BEN"

Hayne targets superannuation employer connections

KARREN VERGARA  |  MONDAY, 4 FEB 2019
Commissioner Kenneth Hayne took a hard-line against hawking superannuation products and the practices of "treating" employers in his final Royal Commission report. Hayne wants the hawking or unsolicited offer of superannuation products to be prohibited ...

Grandfathered commissions to be banned

JAMIE WILLIAMSON  |  MONDAY, 4 FEB 2019
Grandfathered commissions will be banned from 1 January 2021. Responding to the release of the Royal Commission's final report, Treasurer Josh Frydenberg has confirmed the payment of grandfathered commissions will be outlawed. Further, from 1 January ...

Ongoing service arrangements should be tightened: Hayne

JAMIE WILLIAMSON  |  MONDAY, 4 FEB 2019
An overhaul of ongoing fee arrangements has been recommended by Commissioner Kenneth Hayne to combat fees for no service conduct. The final report of the Royal Commission has recommended ongoing fee arrangements should be renewed annually by clients. ...

Chief economist update: Time for an RBA shift to neutral

BENJAMIN ONG  |  MONDAY, 4 FEB 2019
"Our tightenings or loosenings of monetary policy are determined by the inflation outlook. If the economy wants to grow faster than it currently is, and inflation is not showing any tendency to rise to the point where it could threaten our medium-term ...

Industry fund sees boost in additional contributions

JAMIE WILLIAMSON  |  SUNDAY, 3 FEB 2019
A behavioural finance program offered by a $9.6 billion industry fund has seen a rise in the number of members making additional contributions to their superannuation. The 'Save more later' initiative from Vision Super is based on the concept ...

Former JPMAM executive joins boutique advice group

JAMIE WILLIAMSON  |  FRIDAY, 1 FEB 2019
The former head of institutional at J.P. Morgan Asset Management Australia has opted for a tree change, relocating to regional New South Wales for a new role with a boutique AFSL. Stephen Alcorn has joined privately-owned Profile Financial Services ...

HNWs to embrace alternatives in 2019: Fund manager

JAMIE WILLIAMSON  |  FRIDAY, 1 FEB 2019
A boutique investment firm plans to allocate much of the $175 million it raised in 2018 to alternatives, anticipating family offices and private wealth advisers will increasingly do the same. Spire Capital raised $175 million in aggregate for three ...

Industry fund appoints chair

KANIKA SOOD  |  FRIDAY, 1 FEB 2019
... billion industry fund has appointed a new chair as the incumbent retires after 19 years on the board. AvSuper has elected Ben Firkins to chair its board of trustees, starting February 1. He replaces George Fishlock who announced his retirement in September ...

ASIC terminates managed accounts provider AFSL

KARREN VERGARA  |  FRIDAY, 1 FEB 2019
ASIC has cancelled the AFSL of managed accounts provider Jade Capital Partners and banned one of its directors. An ASIC investigation of Sydney-based Jade Capital, a managed discretionary account provider specialising in trading services and advice ...

Chief economist update: La vita is no longer e bella

BENJAMIN ONG  |  FRIDAY, 1 FEB 2019
"When the moon hits your eye, like a big pizza pie, that's amore..." But Italians may not be in the mood for "amore", not when their economy - the third biggest in the Eurozone - is officially in a technical recession. La vita is no longer e bella! ...