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Showing 641 - 650 of 1719 results for "Minimum"

FCA begins financial advice market review

KARREN VERGARA  |  WEDNESDAY, 8 MAY 2019
... products. Its first initiative, called the Retail Distribution Review (RDR) took effect in 2012, aiming to raise advisers' minimum qualifications levels, change the disclosure of charges and services to consumers, and ban the use of commissions to pay ...

APRA self-assesses shortcomings

KARREN VERGARA  |  WEDNESDAY, 1 MAY 2019
... standard, it said. APRA received criticisms from stakeholders who pointed out some RSEs failed to set appropriate maximum and minimum tenure periods, while some showed "a lack of regard" for the standard. Implementing the fit and proper standard (SPS ...

Vanguard launches ETF, appoints new lead

KANIKA SOOD  |  WEDNESDAY, 10 APR 2019
... All-Cap Index (with net dividends reinvested) in Aussie dollars before fees, tax and expenses. Vanguard is recommending a minimum investment time frame of seven years. The fee is 0.33% p.a. It has also launched an unlisted fund for the same strategy ...

Poor governance spurs calls for directorship caps

JAMIE WILLIAMSON  |  MONDAY, 8 APR 2019
... estimates a non-executive director of one ASX200 company would need to commit at least 27-33 days per annum, meanwhile a minimum of 48-72 days would be required of an ASX200 chair each year. Good governance isn't just about oversight however. Testament ...

Treasurer courts retirees with new superannuation measures

KARREN VERGARA  |  TUESDAY, 2 APR 2019
... required to meet the work test. The current rules restrict voluntary contributions to meeting the work test of working a minimum of 40 hours over a 30-day period. From 1 July 2020, 65 and 66-year-olds who don't meet the work test can make voluntary ...

Treasury proposes standardised default insurance definitions

KARREN VERGARA  |  FRIDAY, 29 MAR 2019
... recommendations, Hayne asked to consider the merits of a fixed level of coverage for life and/or permanent incapacity insurance and minimum coverage for permanent incapacity insurance. Frydenberg said standardising terms, definitions and exclusions for ...

Perpetual raising $440m for credit trust

KANIKA SOOD  |  MONDAY, 25 MAR 2019
... actively-managed portfolio of credit and fixed income assets. The Perpetual Credit Income Trust (ASX: PCI) has met its $150 million minimum from indicative bids, the manager said. It has the capacity to accept $40 million in oversubscriptions on top ...

Banks, ASIC still at war over fees-for-no-service

HARRISON WORLEY  |  TUESDAY, 12 MAR 2019
... guidance of ASIC's RG256 over the calculation of refunded fees. RG256 guides institutions towards paying the Reserve Bank's minimum cash rate plus 6%, however Macquarie proposed using a proxy rate to reflect lost earnings, with either the higher of the ...

Amendments to retirement income law assent

HARRISON WORLEY  |  MONDAY, 11 MAR 2019
... and - 60% of the purchase amount will be assessed as an asset before a person's threshold day (currently age 84), or a minimum of 5 years, after which 30% will be assessed as an asset for the rest of the person's life. The EM goes on to explain that ...

Pinnacle boutique opens LIT offer

KANIKA SOOD  |  MONDAY, 11 MAR 2019
... 29 with the managers targeting the week following June 30 to pay out the first distributions. The boutique is aiming a minimum raise of $200 million and a maximum of $300 million for 150 million units priced at $2 each. The minimum investment size for ...