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Showing 721 - 730 of 1805 results for "Bill 2014"

Nationals senator not giving up on life insurance investigation

ALEX BURKE  |  TUESDAY, 12 JUL 2016
... the importance of improving the standards of the industry, recommending the reintroduction of the Life Insurance Reform Bill "to address misaligned incentives and improve trust in life insurance." "We urge the government and the parliament to get on ...

PIMCO announces global layoffs

ALEX BURKE  |  MONDAY, 20 JUN 2016
PIMCO's executive committee has announced multiple layoffs at the company as part of a worldwide restructure. In an internal memo to staff, chief investment officer Dan Ivascyn, chief executive Doug Hodges and president Jay Jacobs said they had, "taken ...

PROFILE: Vanguard Australia managing director Colin Kelton

MARK SMITH  |  THURSDAY, 16 JUN 2016
By his own admission, Colin Kelton barely understood what Vanguard did when he applied for a job at the company. But 25 years on he's now principal and managing director of the Australian operations of the $4.4 trillion asset manager, and he can't imagine ...

Synchron lands payroll tax win

KERRIE SYDEE  |  TUESDAY, 14 JUN 2016
Leading non-institutional licensee, Synchron, has won its battle on payroll tax that would have had major financial implications for Australian licensees. After a five year legal battle, the State Revenue Office (SRO) Victoria has issued a letter to ...

Altius adds industry veteran to advisory committee

MARK SMITH  |  TUESDAY, 14 JUN 2016
Fixed interest specialist Altius Asset Management has appointed a senior industry figure to its investment advisory committee. Former Perpetual Investments group executive Michael Gordon, who has also held global chief investment officer roles at Fidelity ...

Unintended consequences unearthed in super changes

MARK SMITH  |  FRIDAY, 10 JUN 2016
Missing detail in the government's superannuation changes laid down in the budget is leaving wealth managers in the dark as to how to advise their clients, a group of leading industry technical services professionals has warned. Around 50 professionals ...

NAB responds to ASIC market manipulation allegations

ALEX BURKE  |  WEDNESDAY, 8 JUN 2016
NAB has responded to ASIC commencing legal proceedings for the bank's alleged "unconscionable conduct and market manipulation." ASIC's concerns relate to the setting of the bank bill swap reference rate (BBSW) from 2010 to 2012; the regulator previously ...

Rabobank has new local chief executive

MARK SMITH  |  WEDNESDAY, 1 JUN 2016
Rabobank has appointed a new chief executive and managing director for its Australian and New Zealand business. Peter Knoblanche joins as chief executive of Rabobank Australia and managing director of the Rabobank Australia & New Zealand Group. He succeeds ...

US Senate votes down adviser fiduciary rule

ALEX DUNNIN  |  TUESDAY, 31 MAY 2016
The US Senate recently voted down the Department of Labor's administration rule for financial advisers that would have compelled them to act in their clients' best interests. The law was passed 65-41 meaning it fell well short of the two thirds majority ...

Competitive forces driving US pension fees down

MARK SMITH  |  WEDNESDAY, 18 MAY 2016
Greater transparency and increased competition, as well as the risk of legal proceedings, have driven companies in the US to demand lower fees from pension providers for their employees' 401(k) plans. As new disclosure rules allow companies to learn ...