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Showing 751 - 760 of 2042 results for "EIT"

Chief economist update: It wasn't me, it's the Fed

BENJAMIN ONG  |  FRIDAY, 12 OCT 2018
"The Fed is going wild. The problem in my opinion is Treasury and the Fed. The Fed is going loco and there's no reason for them to do it. I'm not happy about it." This was US president Donald Trump's take on the previous day's slump ...

ASIC bans Spectrum Wealth adviser

KARREN VERGARA  |  WEDNESDAY, 10 OCT 2018
The corporate regulator has banned a Spectrum Wealth adviser from providing financial services for three years, following an investigation that sprung from reports sent to ASIC by life insurers. Gurumukh Singh Mehra failed to act in his clients' ...

Banks to answer for Hayne report

JAMIE WILLIAMSON  |  MONDAY, 8 OCT 2018
The chief executives of Australia's big four banks will head to Canberra to face questioning over the findings published in Commissioner Kenneth Hayne's interim report. The House of Representatives Standing Committee on Economics will commence its next ...

TAL refutes duty of good faith breaches

HARRISON WORLEY  |  THURSDAY, 4 OCT 2018
TAL has refuted claims made by the Royal Commission that it systemically breached its duty of utmost good faith to policyholders when investigating claims. In a submission to the Royal Commission, the group insurer says it did not breach its duty of ...

AMP defends charging dead clients

HARRISON WORLEY  |  THURSDAY, 4 OCT 2018
AMP has defended its practice of charging premiums to dead life insurance customers in a submission to the financial services Royal Commission. The wealth manager continued to deduct life insurance premiums from a deceased customer, even after AMP has ...

Millennial money changes course after RC

KANIKA SOOD  |  WEDNESDAY, 3 OCT 2018
Aussie millennials are reluctant to consolidate their superannuation or take on risk while investing after six months of Royal Commission revelations, according to new research. Micro-investing platform Raiz Invest found that nearly 58% millennials ...

Super funds call for grandfathering ban

KARREN VERGARA  |  THURSDAY, 27 SEP 2018
Superannuation funds are rallying to see an end to grandfathered commissions and for the regulator to impose stronger sanctions on those that fail to act in the best interests of members. In its submission to the financial services Royal Commission ...

Family office invests in absolute return fund

KANIKA SOOD  |  MONDAY, 24 SEP 2018
A Singapore-based family office is investing $34 million in an absolute return fund run by a fintech that offers a crowdfunding loan platform for small to medium enterprises. CoAssets is headquartered in Singapore and listed on the ASX (CA8) with a ...

Franking credits inquiry launched

HARRISON WORLEY  |  THURSDAY, 20 SEP 2018
An inquiry has been launched to examine the implications of Labor's policy to remove refundable franking credits. The House of Representatives Standing Committee on Economics will investigate the implications of removing refundable franking credits. ...

APRA to reopen old wounds for CBA, IOOF

KARREN VERGARA  |  WEDNESDAY, 5 SEP 2018
APRA will dig its heels into a list of concerns magnified in the Royal Commission into superannuation that mainly involve IOOF, CBA and Suncorp. In response to the preliminary findings concluding the fifth round, APRA said the Commission unearthed new ...