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Showing 871 - 880 of 3872 results for "August"

ASIC consults on anti-hawking rules

KANIKA SOOD  |  THURSDAY, 22 JUL 2021
... hawking meant Australians were getting sold financial products they did not need or want. The consultation is open until August 17. ASIC plans to publish final guidelines in September, for the October start. ASIC commissioner Danielle Press said the ...

ASIC bans adviser, cancels AFSL

ANNABELLE DICKSON  |  THURSDAY, 22 JUL 2021
... cancel an AFSL if a licensee fails to meet its obligations," ASIC said in a statement. The licence will continue until August 31 to allow time for a dispute resolution scheme and further arrangements for compensating clients, including professional indemnity ...

ACSI names new president

KARREN VERGARA  |  WEDNESDAY, 21 JUL 2021
... super fund. ACSI also welcomes Michelle Gardiner, a trustee director of CareSuper, who will become deputy president in August. She replaces Anthony Thow, who is the deputy chief executive of LUCRF Super. Blakey and Gardiner are current directors at ACSI. ...

Retirement Income Covenant paper released

KANIKA SOOD  |  TUESDAY, 20 JUL 2021
The government has released a position paper on the Retirement Income Covenant and is inviting submissions until August 6. Subject to the legislation passing, the government plans to have the covenant come into effect in July 2022. The new paper, released ...

Christian Super reduces fees

ANNABELLE DICKSON  |  TUESDAY, 20 JUL 2021
... investment and member growth, coupled with close engagement with our providers to deliver improved and streamlined services." In August last year, My Ethical Super reduced fees from 1% to 0.89%, Ethical Growth Plus 1.02% to 0.98% and Ethical Stable from ...

Economic recap: Week to July 16

BENJAMIN ONG  |  MONDAY, 19 JUL 2021
... CPI inflation measures. Overall consumer prices surged by 5.4% in the year to June - the highest since an equal rate in August 2008. Core CPI inflation jumped by 4.5% over the same period - the fastest rate since November 1991. Although many put the ...

AMP Capital fund reduces fees, secures major loan

KARREN VERGARA  |  THURSDAY, 15 JUL 2021
... has announced that it secured a major loan for one of its key assets. The $1.4 billion fund told shareholders that from August 1, management fees of 85bps will decrease to 80bps. When funds under management reach $1.5 billion or more, fees will reduce ...

Former Hillross adviser pleads guilty

ELIZABETH MCARTHUR  |  TUESDAY, 13 JUL 2021
... administering the SuperLeader client book. He could face two years in jail and an $11,000 fine with sentencing scheduled for August 6. Kourieh is no longer a registered financial adviser, having ceased according to the ASIC Financial Adviser Register. ...

Be ready for negative rates: APRA to ADIs

JAMIE WILLIAMSON  |  MONDAY, 12 JUL 2021
... high costs and competing priorities as being constraints for the implementation of permanent solutions." ADIs have until August 20 to respond to the consultation.

Vanguard lowers platform fees

ANNABELLE DICKSON  |  MONDAY, 12 JUL 2021
... made changes to the fees on its Personal Investor platform and introduced a brokerage fee for all listed investments. From August 18 the investment manager will remove the account fee for Vanguard ETFs, managed funds as well as the cash account and instead ...