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Showing 6361 - 6370 of 20555 results for "BEN"

Fees for no service remediation passes $250 million

DARREN SNYDER  |  WEDNESDAY, 8 AUG 2018
Financial institutions outside the big four banks and AMP have been integrated into ASIC's fees for no service remediation programs, with total provisions likely to exceed $850 million. Updating the financial services industry and consumers on its oversight ...

Are SMSF investors too conservative?

DARREN SNYDER  |  WEDNESDAY, 8 AUG 2018
The view that self-managed superannuation funds with less than $1 million in assets are likely to underperform APRA-regulated funds says more about SMSF asset allocation then it does for where individual members fit inside Australia's $2.6 trillion ...

Chief economist update: Do nothing RBA

BENJAMIN ONG  |  TUESDAY, 7 AUG 2018
... Sometimes the best move is to do nothing. Or to paraphrase Ronan Keating's song, you do it best when you do nothing at all. Ben Ong is the Director of Economics and Investments at Rainmaker Group. He previously worked as a fund manager, economist ...

Lose grandfathered commissions, lose business: MLC

KARREN VERGARA AND JAMIE WILLIAMSON  |  MONDAY, 6 AUG 2018
The financial services Royal Commission questioned if MLC's decision to stick with grandfathered arrangements was in the best interest of members following a large consolidation of superannuation funds that provided an opportunity to remove them. ...

Royal Commission revisits fees for no service

KARREN VERGARA  |  MONDAY, 6 AUG 2018
Superannuation funds are coming clean about charging members advice fees in return for no services well before the financial services Royal Commission kicks into its latest round of public hearings. In the Royal Commission's fifth round, which kicked ...

Productivity Commission proposes more changes to financial advice

KARREN VERGARA  |  MONDAY, 6 AUG 2018
The financial advice industry is bracing itself for more proposed changes to approved product lists (APLs), remuneration and terminology following the Productivity Commission's inquiry into the state of competition in Australia's financial system. ...

Chief economist update: Not before we get a pay rise

BENJAMIN ONG  |  MONDAY, 6 AUG 2018
... wages picks up lest it exacerbates the financial stress on households. The RBA knows this, it has said so many, many times. Ben Ong is the Director of Economics and Investments at Rainmaker Group. He previously worked as a fund manager, economist, asset ...

Global fund manager replaces COO

KARREN VERGARA  |  FRIDAY, 3 AUG 2018
A US fund manager with a distribution alliance in Australia announced its chief operating officer and co-founder is retiring with a replacement taking over immediately. After 14 years as president and COO at Epoch Investment Partners, Timothy T. Taussig ...

Aurora takes acquisition bid to Federal Court

KARREN VERGARA  |  FRIDAY, 3 AUG 2018
Aurora Funds Management will take its acquisition bid for Molopo Energy to the Federal Court of Australia after the Takeovers Panel decided to put the brakes on the transaction. Aurora has applied for a judicial review of the panel's decision, which ...

Chief economist update: Heaven can wait but the BOE couldn't

BENJAMIN ONG  |  FRIDAY, 3 AUG 2018
... including in the public sector." Not totally a bad thing for it'll allow the BOE to go gently on subsequent rate hikes. Ben Ong is the Director of Economics and Investments at Rainmaker Group. He previously worked as a fund manager, economist, asset ...