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Showing 711 - 720 of 2560 results for "Hope"

APRA could oversee stalled super fund mergers

KANIKA SOOD  |  WEDNESDAY, 6 FEB 2019
The financial services Royal Commission has suggested APRA's proposed new powers could be used to address stalled super fund mergers. The Parliament is currently waiting to pass a number of changes to the Superannuation Industry (Supervision) Act (SIS ...

ASIC enforcement must get tough: Commissioner

KANIKA SOOD  |  TUESDAY, 5 FEB 2019
... opposed to just acknowledging ASIC's concerns about its conduct - as has traditionally been the case. Hayne also expressed hope that ASIC's use of enforceable undertakings may fall if the Treasury Laws Amendment (Strengthening Corporate and Financial ...

Bill Gross announces retirement

JAMIE WILLIAMSON  |  TUESDAY, 5 FEB 2019
After more than 40 years in fixed income, Bill Gross is retiring to focus on managing his personal assets and private charitable foundation. Janus Henderson has announced the retirement of Gross, who joined the global asset manager in 2014, then Janus ...

OPINION: Post RC, where to now for retail super?

ALEX DUNNIN  |  MONDAY, 4 FEB 2019
After a damning report card by the Royal Commission, the big question is where to now for retail superannuation and its advisory network ecosystem? At least we know what's not part of the answer: the status quo. Retail superannuation may not be ...

Industry fund sees boost in additional contributions

JAMIE WILLIAMSON  |  SUNDAY, 3 FEB 2019
... currently under negotiation or in the process of being finalised that also include the 'Save more later' program, so we hope to see more members benefitting over time."

First neobank granted full banking licence

OSKAH DUNNIN  |  WEDNESDAY, 23 JAN 2019
... said it promotes industry competition and company innovation. Likewise, Volt Bank's success shows promise for neobanks who hope to make the transition towards their full bank licence in 2019 and beyond. "The Coalition Government has introduced a number ...

Watermark pulls out of global equities

JAMIE WILLIAMSON  |  MONDAY, 21 JAN 2019
Watermark Funds Management is shuttering its global equities business, saying farewell to a number of senior staff. The ASX-listed fund manager announced it is in the process of liquidating its international exposures and will return to its original ...

Xinja funds platform for growth

OSKAH DUNNIN  |  WEDNESDAY, 16 JAN 2019
Neobank Xinja has successfully funded its second campaign on the Equitise crowdfunding platform, raising more than $500,000 in nine hours. Equitise co-founder Jonny Wilkinson believes the neobank market is set to disrupt the established banking industry ...

Budget surplus unlikely as economy stalls: Fitch

OSKAH DUNNIN  |  TUESDAY, 15 JAN 2019
Economic slowdown and waning tax revenue is set to delay the Federal Government's 2019/20 financial year surplus, according to market analysts at Fitch Solutions. In December 2018, Treasurer Josh Frydenberg and Finance Minister Mathias Cormann announced ...

Simpler fee disclosure on ASIC agenda

KARREN VERGARA  |  WEDNESDAY, 9 JAN 2019
... tortuous and massively expensive for the superannuation industry, meaning massively expensive for super fund members. Let's hope no regulator ever puts the superannuation industry through such an inefficient reform process ever again," he said. What ...