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Showing 8811 - 8820 of 28277 results for "NOT"

APRA won't appeal IOOF judgement

ELIZA BAVIN  |  FRIDAY, 18 OCT 2019
The Australian Prudential Regulation Authority will not appeal the Federal Court decision to dismiss its court action against IOOF. The case related to the management of conflicts of interest, the appropriate use of superannuation fund reserves and ...

YouTube fundie walks away

ELIZABETH MCARTHUR  |  THURSDAY, 17 OCT 2019
The embattled UK fund manager, Neil Woodford, has resigned from his namesake funds and is closing down his business. One day after it was announced that his flagship Woodford Equity Income Fund would be wound up, Woodford has made the shock decision ...

Fixed income investors spooked by global politics: Fitch

ELIZA BAVIN  |  THURSDAY, 17 OCT 2019
... in our 2Q19 survey, while property was considered the most serious risk, at 30%." The report also found that investors do not expect major changes to Australian corporates' appetite for leverage over the next year with the majority of investors expecting ...

AustralianSuper rules out SMSF options

KANIKA SOOD  |  THURSDAY, 17 OCT 2019
AustralianSuper chief executive Ian Silk said the $170 billion superannuation fund will not open its investment options to self-managed-superannuation, unlike HostPlus which made the move in June. The $43 billion HostPlus opened up some of its options ...

ASIC drags former adviser to court

HARRISON WORLEY  |  THURSDAY, 17 OCT 2019
... understood would be invested. Miller was also the a director of the company. However, the corporate regulator alleges Miller did not invest the funds CFS obtained, and instead used them both to his own benefit and to meet business expenses, such as making ...

RBA blames lack of demand in property downturn

ELIZA BAVIN  |  THURSDAY, 17 OCT 2019
... of lower interest rates to pay down their mortgages faster. This would be evident in an increase in loan approvals that is not accompanied by an increase in credit growth," Debelle said. Debelle also said the bank is concerned about the "sizable downturn" ...

IOOF acquires OnePath at a discount

ELIZA BAVIN  |  THURSDAY, 17 OCT 2019
... calendar year 202. The agreement included termination rights for both IOOF and ANZ us the remaining condition of APRA approval is not met. Both companies have agrees to extend the relevant date in the agreement to 31 December this year, with both having ...

Retail fund faces class action on MySuper

ELIZABETH MCARTHUR  |  THURSDAY, 17 OCT 2019
... a basic moral obligation to move default member balances into MySuper at the time that best met their members' needs, not their own." The conduct that is the subject of this case was a case study in the Financial Services Royal Commission. A lead ...

YouTube fundie ousted, flagship fund to be wound up

ELIZABETH MCARTHUR  |  WEDNESDAY, 16 OCT 2019
... was intended to give Woodford time to reposition the WEIF portfolio in more liquid investments. "It was agreed that it would not be possible to lift the suspension and re-open the fund until the sale of its unlisted and less liquid listed assets was ...

Recognition for industry leader in fight against slavery

ELIZABETH MCARTHUR  |  WEDNESDAY, 16 OCT 2019
... companies we invest in," Carlsson-Sweeny said. QMV partner Jonathan Steffanoni said the Modern Slavery Act is significant not just to managers like Ausbil, but superannuation funds as well. The law places an obligation on trustees of super funds with ...