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Showing 7561 - 7570 of 28273 results for "NOT"

ASIC warns funds to clean up adverts

KANIKA SOOD  |  TUESDAY, 16 JUN 2020
... impression that they can withdraw money on short notice, where the liquidity of the fund assets doesn't support the claim. It did not name the responsible entities or the funds it asked to take correction action -- or even their asset classes only mentioning ...

Flamingo AI acquisition scrapped

KANIKA SOOD  |  TUESDAY, 16 JUN 2020
ASX-listed Flamingo Ai's proposed sale of its assets to Rymamay Investments has been scrapped after due diligence by the latter, as the parties couldn't agree the terms of the share sale agreement. Flamingo's board has now set itself a 30-day timeline ...

The secret to neutralising sequencing risk

ALLY SELBY  |  TUESDAY, 16 JUN 2020
... "While some investors have decades to ride out volatility and heavy capital losses, investors nearing and in retirement are not among them," director Tom Rachcoff said. "They need to pay greater attention to the risk of permanent capital loss and the ...

We cannot prevent the blow: PM

ELIZA BAVIN  |  TUESDAY, 16 JUN 2020
Prime Minister Scott Morrison said the government will not extend stimulus packages, saying they would dull the dynamism of the economy. Delivering a speech to the Committee for Economic Development of Australia (CEDA), Morrison said that despite wide ...

Australians look to rebuild super: AMP

ELIZA BAVIN  |  TUESDAY, 16 JUN 2020
... had the capacity to make additional super contributions were considering doing so ahead of the end of the financial year. "Not everyone has the funds to contribute more to super at the moment, but it's encouraging to see more Australians turning their ...

Chief economist update: COVID-19 takes second crack at China

BENJAMIN ONG  |  TUESDAY, 16 JUN 2020
... People's Bank of China's (PBOC) policy largesse - enabled a rebound in domestic economic activity. So much so, that had it not been for the "second wave", latest releases out of China would have provided further confirmation of its success against ...

ISA plays devil's advocate on SG

HARRISON WORLEY  |  MONDAY, 15 JUN 2020
... that ISA's internal modelling team was tasked with presenting a range of scenarios and trade off positions. "It should not be assumed that ISA accepts those wage trade-off positions," Dean said. "Largely that work has concluded there is no basis ...

ASIC cracks down on investment manager

ALLY SELBY  |  MONDAY, 15 JUN 2020
... member to confirm that all remedial actions recommended by the expert have been adopted and implemented, ASIC said. If they are not provided, the firm must cease on-boarding new customers if it involves SGSA receiving client money from or for the benefit ...

Sargon liquidators in talks with litigation funder

KANIKA SOOD  |  MONDAY, 15 JUN 2020
... investigations of its directors. Their call came as the liquidators had identified a potential insolvent trading claim. Wexted did not receive any expressions of interests from the 23 creditors. It is now resorting to its previously-flagged plan B of ...

FSU calls for NAB staff to audit pay

ALLY SELBY  |  MONDAY, 15 JUN 2020
... contracted Group 3 and 4 workers earlier this year "This has been a long-running issue with workers at NAB concerned they had not been properly paid for several years," she said. "The FSU previously sought a legal opinion which justified our concerns ...