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Showing 7711 - 7720 of 22140 results for "Tim"

Adviser stole $200k from SMSFs

ELIZABETH MCARTHUR  |  TUESDAY, 6 AUG 2019
The Australian Securities and Investments Commission (ASIC) permanently banned a former financial adviser who stole more than $200,000 from client self-managed superannuation funds. Robert Michael of Bentleigh, Victoria has been permanently banned from ...

Chief economist update: Look out below

BENJAMIN ONG  |  TUESDAY, 6 AUG 2019
"If your opponent is temperamental, seek to irritate him." - Sun Tzu, The Art of War China's just implemented one of its greatest son's prescriptions and, for sure and for certain, it's gonna irritate Trump. Financial markets were shell-shocked ...

BlackRock partners with $23bn super fund

HARRISON WORLEY  |  MONDAY, 5 AUG 2019
BlackRock partnered with a $23 billion superannuation fund to develop an ESG-focused global bond index fund. VicSuper has again partnered with the global fund manager, this time to develop a global bond index fund similar to the ESG Australian Bond ...

Woodford suspension extended again

ELIZABETH MCARTHUR  |  MONDAY, 5 AUG 2019
Woodford Equity Income Fund investors are unlikely to have access to their money in time to do their Christmas shopping. Link Asset Services confirmed last week that the Woodford Equity Income Fund is likely to remain suspended another four months ...

Survey backs SG increases

KARREN VERGARA  |  MONDAY, 5 AUG 2019
Respondents in Financial Standard 's latest spot poll have welcomed the pending increases to the Superannuation Guarantee beyond 9.5%. The majority (79%) of respondents support the legislated incremental increases to the SG starting from 1 July 2021 ...

AMP MDA constraints frustrate advisers

ELIZABETH MCARTHUR  |  MONDAY, 5 AUG 2019
The additional conditions imposed on AMP Financial Planning's managed discretionary account (MDA) licence has resulted in so many constraints on financial advisers that the offering is reportedly "unusable". A source told Financial Standard that AMP ...

Document leak puts NAB under the pump

HARRISON WORLEY  |  FRIDAY, 2 AUG 2019
An internal whistleblower has pushed NAB back into the spotlight, leaking documents revealing the extent of the embattled bank's risk management difficulties. As reported by The Sydney Morning Herald, minutes from a June 2018 meeting between NAB ...

Former adviser cops 20-year prison sentence

JAMIE WILLIAMSON  |  FRIDAY, 2 AUG 2019
A former financial adviser in the US will spend the next 20 years behind bars after defrauding retiree investors of $30 million, some of which was used to fund religious ceremonies to ward off federal investigators. Dawn Bennett of Maryland was this ...

Imminent launch for start-up super fund

KARREN VERGARA  |  FRIDAY, 2 AUG 2019
A start-up superannuation fund underpinned by a managed account solution will officially launch this spring. Tomorrow Super promises to be the "smarter alternative" to traditional retail, industry and self-managed superannuation funds, according to ...

AFA, FPA slam haste in ending grandfathered commissions

KRISTI CHENG  |  FRIDAY, 2 AUG 2019
The Financial Planning Association of Australia (FPA) and the Association of Financial Advisers (AFA) have both criticised the time frame given to phase out grandfathered commissions. Treasurer Josh Frydenberg announced earlier this week legislation ...