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Showing 7261 - 7270 of 28269 results for "NOT"

Brisbane broker permanently banned

ALLY SELBY  |  TUESDAY, 11 AUG 2020
... complainants. In addition, ASIC found he had also failed to lodge an annual compliance certificate, maintain a trust account and did not notify ASIC of a change in an approved external dispute resolution scheme. The banning is effective from 29 July ...

AMP, CBA, Westpac face potential class action

ELIZA BAVIN  |  TUESDAY, 11 AUG 2020
... holding an AFSL and being categorised as a managed investment scheme," Frydenberg said. "As a result, litigation funders do not face the same regulatory scrutiny and accountability as other financial services and products under the Corporations Act." ...

ASIC puts investment managers on notice over valuations

ANNABELLE DICKSON  |  TUESDAY, 11 AUG 2020
... assets are regular, robust and reasonable," ASIC said. "ASIC may take regulatory action against responsible entities that do not comply with their obligations to provide fair and reasonable valuations of fund assets." In terms of valuating assets, financial ...

Chief economist update: Ardern's ardour

BENJAMIN ONG  |  TUESDAY, 11 AUG 2020
... infection. Prime Minister Jacinda Ardern's tough measures worked but our Kiwi brethren must also be congratulated for not invoking their "human and civil rights" to party when Jacinda imposed Stage 4 restrictions - that closed down all non-essential ...

Sydney Aussie equities manager trims fees

KANIKA SOOD  |  MONDAY, 10 AUG 2020
... investment grade. "During the recent review process, the Lonsec analysts were open and upfront that our price was okay but not a competitive advantage," Millner said. "We valued their feedback, spoke to our service providers and have reduced our fee. ...

Macquarie to transfer legacy pension product

KANIKA SOOD  |  MONDAY, 10 AUG 2020
Macquarie will transition pension members in its legacy SuperOptions product to a wrap style pension product, in a bid to lower administration fees and expand the investment offering. Macquarie closed the SuperOptions product to new members in June ...

New platform launches for super funds

ELIZA BAVIN  |  MONDAY, 10 AUG 2020
... benefit reflects Parametric's pedigree in managing taxes, brokerage and other implementation frictions for super funds. It's not cost-free for funds to constantly adapt portfolios to their moving targets around returns, fees and other measures. "As with ...

Maurice Blackburn slams FSC

ALLY SELBY  |  MONDAY, 10 AUG 2020
Law firm Maurice Blackburn has slammed the Financial Services Council over its renewed campaign to allow insurers to call the shots on medical claims. Maurice Blackburn principal Josh Mennen said the changes would enable insurers to only pay the medical ...

GPT bleeds $520 million

ALLY SELBY  |  MONDAY, 10 AUG 2020
... with GPT providing relief to both tenants impacted by the government's commercial tenancy Code of Conduct as well as those not eligible for assistance. Fresh Stage 4 restrictions in Victoria have now created additional uncertainty over future collections ...

ERS doesn't justify higher SG: Grattan

ELIZA BAVIN  |  MONDAY, 10 AUG 2020
... expecting total withdrawals to reach $42 billion. "Retirement incomes will fall for workers who withdraw their super, but not by as much as might be thought," Grattan said. "The pension means test means that the government, via higher pension payments ...