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Showing 651 - 660 of 1722 results for "Minimum"

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 ...

Gender pay gap should be government priority

KARREN VERGARA  |  FRIDAY, 8 MAR 2019
... investor networks. The ASX Corporate Governance Council recently revised its principles and urged ASX300 companies to have a minimum 30% gender diversity target. The Australian Council of Superannuation Investors (ACSI) also extended its gender diversity ...

Why this HNW adviser avoids hedge funds

KANIKA SOOD  |  TUESDAY, 5 MAR 2019
A prominent high-net-worth financial adviser is aiming to have 7-10% of his clients' portfolios in alternatives as the markets mature but he's eschewing hedge funds and picking private assets instead. Charlie Viola is a partner at Pitcher Partners where ...

ASIC releases AFSL approval data

JAMIE WILLIAMSON  |  FRIDAY, 1 MAR 2019
... Warren Day said: "ASIC's licensing function provides the first gateway to ensuring applicants seeking an AFSL...meet minimum standards to offer regulated services." "We help protect consumers by ensuring an appropriate level of scrutiny is applied ...

New ASX governance principles target culture

KARREN VERGARA  |  THURSDAY, 28 FEB 2019
... recommendations urge listed entities to: Disclose a diversity policy that reviews the progress of achieving objectives; Have a minimum 30% gender diversity target for ASX300 companies; Periodically evaluate the performance of the board, committees and ...

Global manager launches ESG strategy

KANIKA SOOD  |  WEDNESDAY, 27 FEB 2019
... placement basis (it is not directly registered in Australia) for investments to its Luxembourg-domiciled UCITS vehicle. Minimum subscription amount is A$500,000 and the investor must classify as wholesale.

Infrastructure fund plans SMSF raise

KANIKA SOOD  |  MONDAY, 25 FEB 2019
... alternatives Nicole Connolly's Infrastructure Partners Investment Fund clubs together money from smaller investors (minimum investment size of $50,000) to meet the minimums of large infrastructure funds, which range between $5 million and $25 million. ...

Labor responds to Royal Commission final report

JAMIE WILLIAMSON  |  MONDAY, 25 FEB 2019
... consultation with the financial advice industry and stakeholders on the introduction of a new disciplinary system with the minimum features being those described by Hayne in the report. Labor has already drafted bills in relation to five key recommendations ...