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Showing 821 - 830 of 2760 results for "Free"

FASEA attempting to re-write law: AFA

ELIZABETH MCARTHUR  |  WEDNESDAY, 13 NOV 2019
... with respect to brokerage, asset-based fees and commissions." FASEA's guidance confirmed that it wants advisers to act free from any conflict of interest or duty - something the AFA views as completely unrealistic. Of conflicts, Anderson said: "They ...

Antares portfolio manager moves to LIC

KANIKA SOOD  |  THURSDAY, 7 NOV 2019
A portfolio manager on MLC's Antares Equities business has taken on a new role at a $7.7 billion listed investment company. Brett McNeill managed the Antares listed property fund and was the deputy for the Antares dividend builder fund. He left in July ...

Trustee firm, super fund in hot water

JAMIE WILLIAMSON  |  WEDNESDAY, 6 NOV 2019
... alleges. The group insurance available through mobiSuper is provided by TAL. According to ASIC, Mobi offered an obligation-free 'lost super' search to consumers via online advertising campaigns with the primary objective of getting them to join ...

ASIC freezes Sydney advisers' assets

ELIZA BAVIN  |  WEDNESDAY, 6 NOV 2019
The Australian Securities and Investments Commission have obtained consent orders and undertakings in the Supreme Court of NSW against QWL, QWL Asset Management and sole director Ross Hopkins. "ASIC commenced an investigation in relation to allegations ...

US reaches $1bn settlement over 1MDB scam

ELIZABETH MCARTHUR  |  WEDNESDAY, 6 NOV 2019
The US Department of Justice has reached a settlement in its case against assets acquired by Low Taek Jho, also known as Jho Low, and his family. Jho Low allegedly misappropriated funds from Malaysia's sovereign wealth fund, 1Malaysia Development Berhad ...

Super investment menus not what they seem: Rice Warner

ELIZABETH MCARTHUR  |  FRIDAY, 1 NOV 2019
New insights from Rice Warner questions whether superannuation investment menus are really appropriately designed for members. Since the Treasury Laws Amendment (Design and Distribution Obligations and Product Intervention Powers) Bill 2018 passed in ...

Cbus chief opposes default longevity requirements for CIPRs

KANIKA SOOD  |  FRIDAY, 1 NOV 2019
David Atkin says mandating all default retirement income products to manage longevity risk could hamper funds' ability to tailor solutions to their member needs. Speaking at a retirement income conference in Melbourne yesterday, Atkin said Cbus is currently ...

ASIC called out over super fund disclosures

ELIZA BAVIN  |  FRIDAY, 1 NOV 2019
Challenger's Jeremy Cooper has labelled ASIC's extension for portfolio holding disclosures a "free kick" for the superannuation industry. The regulator announced earlier this week that it is extending the deadline for super trustees to disclose ...

Industry fund awards $200mn mandate

HARRISON WORLEY  |  FRIDAY, 25 OCT 2019
... investor to partner with," she said. "We believe that the opportunities we're targeting through this mandate can also free up capital for these healthcare and aged care providers so they can invest in other opportunities like new technologies, up ...

AFA calls for clarity on ethics code

ELIZABETH MCARTHUR  |  WEDNESDAY, 23 OCT 2019
... reflect community expectations that the provision of professional advice be centred on serving the best interests of the client free from any conflict." The AFA indicated it was disappointed by this release. "This is tantamount to FASEA creating its ...