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Showing 71 - 80 of 140 results for "OMI"

Platform fee disclosures overlooked: ISA

KARREN VERGARA  |  THURSDAY, 10 JAN 2019
Industry Super Australia welcomed ASIC's proposed fee transparency disclosure changes but pointed out that several areas fell short and failed to address ongoing issues. In response to Consultation Paper 308, ISA said one of Darren McShane's ...

Chief economist update: Is China starting to slow down?

BENJAMIN ONG  |  TUESDAY, 9 OCT 2018
Be afraid, be very afraid. This appears to be the foreboding flashing on investors' dashboards following yesterday's 3.7% drubbing in the Shanghai composite index and the 0.5% depreciation in the Chinese yuan CNY6.9136 versus the greenback. ...

Retail super funds in hot water: Royal Commission

KARREN VERGARA  |  MONDAY, 27 AUG 2018
Retail superannuation funds at CBA, NAB, AMP and other institutions could face criminal charges after the Royal Commission's team of lawyers highlighted several instances where corporate and superannuation law was breached. The closing submission ...

Morrison drops financial services portfolio

JAMIE WILLIAMSON  |  MONDAY, 27 AUG 2018
In an obvious omission, the dedicated financial services portfolio has been scrapped by Australia's latest Prime Minister, Scott Morrison. Announcing a new-look ministry following the Liberal Party's leadership spill last week, the standalone ...

CFS and a messy MySuper transition

KANIKA SOOD  |  TUESDAY, 14 AUG 2018
Colonial First State's messy MySuper transition came under the Royal Commission's lens on Tuesday. Taking the witness box, Colonial First State executive general manager Linda Elkins told the Commission CFS initially failed to transition 13,000 members ...

Chief economist update: Not before we get a pay rise

BENJAMIN ONG  |  MONDAY, 6 AUG 2018
Just in time for tomorrow's Reserve Bank of Australia (RBA) monthly board meeting, ME Bank published the results of the 14th survey of its "Household Financial Comfort Report", taken last June. "The ME Household Financial Comfort Report provides ...

Aurora reshuffles compliance team

ALEX BURKE  |  THURSDAY, 21 JUN 2018
After the departure of two external members of its compliance committee, Aurora Funds Management appointed replacements with immediate effect. Anthony Hartnell joins the committee while also serving as Aurora's non-executive chair. He was previously ...

Chief economist update: Fed flattens the yield curve

BENJAMIN ONG  |  THURSDAY, 14 JUN 2018
Given the US equity market's reaction to the latest US Federal Reserve missive, one would think that Wall Street is against strong(er) growth. All major benchmark indices - DJIA, S&P 500, Nasdaq and Russell 2000 - closed lower after the Fed announced ...

Molopo board ousted at AGM

ALEX BURKE  |  FRIDAY, 1 JUN 2018
Keybridge Capital and Aurora Funds Management scored a win at the Molopo Energy AGM with a board spill that saw its two nominees elected as non-executive directors. Keybridge's nominee, William Johnson, had previously been noted by Molopo as being ...

Molopo restrained ahead of AGM

ALEX BURKE  |  THURSDAY, 24 MAY 2018
The Takeovers Panel has ruled that, as per an application for an interim order by Aurora Funds Management, Molopo Energy will be unable to make any payment or incurring any liability of more than $175,000. Both Aurora and Keybridge Capital are substantial ...