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Showing 6231 - 6240 of 28263 results for "NOT"

LGIAsuper overhauls insurance, closes product

ELIZA BAVIN  |  MONDAY, 22 MAR 2021
... and that the premiums charged are competitive and fair. We only charge what it costs us to provide insurance cover and we do not make any profit from the insurance provided to our members." The fund said it paid over $35 million in claims to around 460 ...

FSC defends retail super funds

ELIZA BAVIN  |  MONDAY, 22 MAR 2021
... billion a year in profit despite poor performance. The FSC has now hit back at those claims, labelling them incorrect and not credible. "The allegation that $10 billion was "taken as profit" by retail superannuation funds last year not is not based in ...

Chief economist update: What a difference an Australian year makes

BENJAMIN ONG  |  MONDAY, 22 MAR 2021
... level in two years and two months. The economic contraction would have been worst and the rate of joblessness higher had it not been for the Morrison government and the Reserve Bank of Australia's (RBA) swift and forceful responses. JobKeeper, JobSeeker ...

NZ overhauls regulation of advice

JAMIE WILLIAMSON  |  FRIDAY, 19 MAR 2021
... nearly 1000 authorised bodies," Financial Markets Authority director of market engagement John Botica said. "Anyone who is not operating under a transitional Financial Advice Provider licence will now need to apply for a full licence. The transitional ...

Chester eyes ASIC chair role

KARREN VERGARA  |  FRIDAY, 19 MAR 2021
... deputy chair Daniel Crennan exceeded their limits. During his period of absence, Shipton confirmed to O'Neill that he was not suspended rather decided to step aside and paid "heavy-hitting lawyers" to work through his employment issues out of his ...

HUB24 hits fund managers with higher fees

KANIKA SOOD  |  FRIDAY, 19 MAR 2021
... irrespective of their FUM or number of strategies they host on HUB24. If a fund manager opts out of the reporting service, they will not be able to see the names of the clients investing in their funds via HUB24 even though their strategies will remain ...

Active funds quell passive flows

KARREN VERGARA  |  FRIDAY, 19 MAR 2021
... have been a significant contributor to the success of active global equity funds. This makes sense because fund managers are not interested in where companies are but how they behave. They accounted for two fifths of the inflows to active global funds ...

Raiz expands to SMSF market

ANNABELLE DICKSON  |  FRIDAY, 19 MAR 2021
... demand coupled with the opportunity in its 30,000 clients aged 50 or over. "People think of Raiz as a millennial tool but it's not. It's cost effective and it's easy to use. We do the reporting, give a daily contract, a monthly statement and ...

Must prepare for demise of LIBOR: RBA

ELIZA BAVIN  |  FRIDAY, 19 MAR 2021
... institutions must have already transitioned to alternative reference rates. He said for existing contracts where that's not possible, robust fallback provisions must be in place to make clear what the replacement rate will be when LIBOR ends. "Any ...

Chief economist update: When 6%-plus growth is deemed too low

BENJAMIN ONG  |  FRIDAY, 19 MAR 2021
... COVID-19 and the ongoing overseas pandemic" for these - factors that have weakened both overseas and domestic demand. One not so minor thing that the survey failed to mention is the rise and rise in the Chinese currency - itself a de facto tightening ...