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| | | ASIC has commenced civil penalty proceedings in the Federal Court against Equity Trustees Superannuation (ETSL), alleging failures in care, skill and diligence concerning the decision to allow members to invest in the First Guardian Master Fund. This ... |
| | | | ... "jungle times" where anything goes, according to an economist. Diana Mousina, deputy chief economist at AMP, said the current economic cycle is unlike any other she's experienced where "things are completely up in the air and seem very tribal." She told ... |
| | | | Vital Business Partners (VBP), part of AZ NGA's network, has appointed a new chief executive, replacing Nathan Jacobsen who joined the parent company as chief operating officer earlier this year but continued to oversee the management of VBP. VBP has ... |
| | | | ... of Superannuation Funds of Australia (ASFA) and the Financial Advice Association Australia (FAAA). However, despite the current spread, advisers are expected to expense a whopping $4000 in levies in the upcoming financial year. The situation is rather ... |
| | | | ... will see chief executive investment management Justin Gabbani depart the company for external opportunities in Singapore. Current chief investment officer Penny Ransom will assume the role of chief executive investment management on July 1. Ransom joined ... |
| | | | ... sector has a seat at the table when issues that cut across the system are being discussed," she said. Delahunty noted current priorities included the Compensation Scheme of Last Resort, scam and fraud protections, and regulatory simplification with ASFA ... |
| | | | The role will be filled by a former Future Fund board member who has also held roles at Macquarie, NAB and AMP. Global private equity investor Advent has appointed Patricia Cross as an operating partner for Australia and New Zealand, strengthening its ... |
| | | | Assistant treasurer Daniel Mulino will target the flow of retail investor money into high-risk managed investment schemes (MIS), the Stockbrokers and Investment Advisers Association (SIAA) Conference heard this morning, flagging how regulators will ... |
| | | | ... about reducing distortions in the tax system as a whole and to introduce a more fair and neutral system in place of the current one. Speaking at the Bloomberg Forum for Investment Managers event in Sydney, Chalmers addressed concerns on the application ... |
| | | | ... fee for the Flexi Pension retirement product for more than 42,000 retired members, who will pay a fee of 0.08% from the current rate of 0.16%. Announced in April, the reduction in the fee was calculated see a typical member to be $5000 better off in ... |
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