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Showing 8061 - 8070 of 21779 results for "Dec"

IOOF breaches APRA licence conditions

HARRISON WORLEY  |  FRIDAY, 26 APR 2019
IOOF has breached one of APRA's licence conditions by failing to establish a dedicated superannuation trustee function by the 31 March 2019 deadline. IOOF was due to meet and comply with licence conditions imposed by APRA on the embattled wealth ...

Rush of advisers sign up before FASEA deadline

ELIZABETH MCARTHUR  |  FRIDAY, 26 APR 2019
The final quarter of 2018 saw more than 4000 financial advisers sign up to ASIC's Financial Adviser Register. According to a Rainmaker analysis of ASIC data, an extra 4037 financial advisers registered as authorised representatives to meet FASEA's ...

Chief economist update: Lock in two RBA rate cuts

BENJAMIN ONG  |  FRIDAY, 26 APR 2019
... unemployment rate was around 5.7%, it's now at 5%, although wages growth have only picked up from 2.1% (then) to 2.3% (Dec 2018 quarter latest available). Central banks around the world have used the mantra, "we need to raise interest rates now to ...

HESTA joins ESG social media fight

ELIZABETH MCARTHUR  |  WEDNESDAY, 24 APR 2019
The $50 billion industry superannuation fund has joined a high profile group of international investors applying pressure to social media giants following the Christchurch terror attacks. HESTA announced it joined the campaign to force social media ...

APRA grants ADI licence to Judo Bank

ELIZABETH MCARTHUR  |  WEDNESDAY, 24 APR 2019
The Australian Prudential Regulation Authority has granted Judo Bank, formerly Judo Capital, a licence to operate as an authorised deposit-taking institution without restrictions in what is being welcomed as a win for banking competition and fintechs. ...

Aussie instos among most responsible investors

HARRISON WORLEY  |  WEDNESDAY, 24 APR 2019
Two major Australian institutional investors are among the world's most responsible asset allocators, according to a new report. AustralianSuper and Victoria Funds Management Corporation were recognised for their commitment to responsible long-term ...

Former NAB adviser charged

JAMIE WILLIAMSON  |  TUESDAY, 23 APR 2019
A former NAB financial adviser has been charged with two offences following an investigation by ASIC. Max Kiattisak Eung of Tempe, New South Wales was charged with two offences of obtaining financial advantage by deception. It is alleged that between ...

Superannuation mergers strike oligopoly fears

KARREN VERGARA  |  TUESDAY, 23 APR 2019
Concern the superannuation industry will become an oligopoly like the banking sector is being fuelled by the regulators' new powers and increased funding, specifically aimed at forcing underperforming funds to merge or shut down. Of the $400 million ...

ASIC bans Gold Coast adviser

ELIZABETH MCARTHUR  |  TUESDAY, 23 APR 2019
ASIC has banned a Gold Coast financial adviser from providing financial services for six years. ASIC found that Rodney Peters represented to clients that he had authority to engage in discretionary trading when this was not the case. Peters was previously ...

Insurance expert joins $33bn super fund

KARREN VERGARA  |  TUESDAY, 23 APR 2019
A $33 billion superannuation fund appointed a group insurance expert as its new head of insurance. Shane Fielding joins Hostplus from insurance broking and consulting firm IFS Insurance Solutions, where he spent nearly 12 years in senior roles. Fielding ...