Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 851 - 860 of 4973 results for "Limit"

New guidance to improve super funds' understanding of ESG risks

JAMIE WILLIAMSON  |  TUESDAY, 19 JUL 2022
APRA has said it intends to issue draft guidance on how super funds can demonstrate clear understanding of ESG risks, manage those risks, and reflect ESG considerations in investment strategy. Responding to submissions to its consultation process for ...

OTC derivatives provider loses licence, executives banned

CASSANDRA BALDINI  |  THURSDAY, 14 JUL 2022
Over-the-counter derivatives provider Sirius Financial Markets Pty Ltd has surrendered its AFSL and its former executives Jonathan Schneider and Oskar Pecyna have both been banned for eight years. ASIC reported that Sirius Financial, trading as Trade360 ...

Maple-Brown Abbott launches Australian small companies fund

CASSANDRA BALDINI  |  THURSDAY, 7 JUL 2022
Maple-Brown Abbott has launched an Australian small companies fund to be managed by Phillip Hudak and Matt Griffin. Hudak and Griffin joined in April after previously managing the AMP Capital Australian Emerging Companies strategy. Maple-Brown Abbott ...

RBA raises interest rates again

ANDREW MCKEAN  |  WEDNESDAY, 6 JUL 2022
The Reserve Bank of Australia (RBA) has increased the cash rate by 50 basis points, ramping up its efforts to quash runaway inflation. RBA governor Phillip Lowe stayed the course with his assessment that while the Australian economy remained resilient ...

Wealth industry on the cusp of evolution: Report

CASSANDRA BALDINI  |  TUESDAY, 28 JUN 2022
The wealth industry is on the cusp of evolution, with predictions APAC and North America will drive around 80% of worldwide new wealth creation until 2026. According to a report published by Oliver Wyman and Morgan Stanley, leading firms that are accelerating ...

AMP North caps fees to expand adviser footprint

ANDREW MCKEAN  |  TUESDAY, 28 JUN 2022
... limited the administration fees charges to MyNorth investment accounts to $2000 per annum, a $400 reduction on the prior limit. Clients who hold MyNorth Super accounts will be capped at $2400 per annum. The reduced fee cap, for both new and existing ...

Corporate fund to join Australian Retirement Trust

JAMIE WILLIAMSON  |  MONDAY, 27 JUN 2022
Australian Retirement Trust will complete another successor fund transfer this week, taking over the super fund of an ASX 100 company. On July 1, the Incitec Pivot Employees Superannuation Fund will merge into Australian Retirement Trust. The fund ...

SMSF client education a concern: Report

JAMIE WILLIAMSON  |  MONDAY, 27 JUN 2022
... net positive impact on business value and revenue. These measures include the reduction to the downsizer contributions age limit, work test exemption, and legacy pension amnesty. "It's encouraging to see SMSF advisers are positive about the outlook of ...

ASIC releases CCIV guidelines

CASSANDRA BALDINI  |  FRIDAY, 24 JUN 2022
... applications from prospective corporate directors for an initial period of, at least, the first six months and it will not impose a limit of a single sub-fund on corporate directors of wholesale CCIVs. ASIC deputy chair Karen Chester said: "We are committed ...

OMERS acquires model tower company

CASSANDRA BALDINI  |  THURSDAY, 23 JUN 2022
OMERS Infrastructure has announced it has signed an agreement to acquire independent telecommunication tower company Stilmark. The transaction will be the pension fund's second Australian tower investment in the last two months. In May OMERS announced ...