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Showing 731 - 740 of 2379 results for "Rule"

Managed investment scheme operator AFSL canned

ELIZABETH MCARTHUR  |  FRIDAY, 12 JUL 2019
... duty to act in the best interest of investors seriously. This duty of loyalty has been described as the 'most fundamental' rule of trust law." She explained that there is a community expectation that responsible entities will fully comply with best interest ...

APRA sticks to rigid member outcomes deadline

KARREN VERGARA  |  FRIDAY, 12 JUL 2019
The prudential regulator has set high expectations for trustees to meet the inaugural annual outcomes assessment, which is less than six months away. While consultation for prudential standard Strategic Planning and Member Outcomes (SPS 515) is underway ...

Chief economist update: The back-to-back rate cuts Australia has to have

BENJAMIN ONG  |  WEDNESDAY, 3 JUL 2019
... markets expect one (to 0.75%) or two (to 0.50%) more interest rate reductions would do it. But what does the time-tested Taylor Rule - a monetary-policy rule that stipulates how much the central bank should change the nominal interest rate in response ...

Clime ramps up private wealth

KANIKA SOOD  |  TUESDAY, 2 JUL 2019
... come up for sale. "In terms of acquisitions, so far we have built our private wealth business organically. We wouldn't rule out an acquisition if the heritage of the business is built around wholesale clients. We are not licensed to provide retail ...

Reforms see super fees in flux

HARRISON WORLEY  |  MONDAY, 1 JUL 2019
The PYS package, effective today, has forced the sector to consider changes to fee structures and group insurance premiums. With the package set to cap the amount of fees that can be charged to low-balance members and divert low-balance accounts deemed ...

Chief economist update: Iron ore on the up and up

BENJAMIN ONG  |  MONDAY, 1 JUL 2019
The way it's going, the rally in iron ore prices will keep on going and going. Iron ore prices ended the first half of 2019 at US$109.18/metric tonne, representing a 57.8% rally from the US$69.20 it fetched six months earlier. The world's largest ...

Superannuation fund cuts fees

HARRISON WORLEY  |  THURSDAY, 27 JUN 2019
An ethical superannuation disruptor is the latest to adjust its fees before the Protecting Your Superannuation legislation hits. Future Super is cutting fees for low balance members. From July 1, the $400 million fund will remove the set dollar administration ...

Chief economist update: Fed plans for Trump contingency

BENJAMIN ONG  |  THURSDAY, 20 JUN 2019
... Rule' prescribe? For quick reference, here's Wikipedia's definition (yes, yes I know): "In economics, a Taylor rule is a monetary-policy rule that stipulates how much the central bank should change the nominal interest rate in response to ...

Culture isn't everything: ASIC

HARRISON WORLEY  |  WEDNESDAY, 19 JUN 2019
... values?" Price said. "Because, in my view, there's nothing more corrosive in an organisation than hypocrisy. And if there's one rule for some but it's not the same rule for others that is a big problem."

ASIC approves AFCA rules change

ELIZABETH MCARTHUR  |  TUESDAY, 18 JUN 2019
ASIC has approved changes to the Australian Financial Complaints Authority rules for legacy complaints. The ASIC approval gives effect to the AFCA authorisation condition introduced by the government earlier this year. Under the government's additional ...