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Showing 9051 - 9060 of 28277 results for "NOT"

Chief economist update: Will Australia avoid another global recession?

BENJAMIN ONG  |  FRIDAY, 16 AUG 2019
... unemployment rate) of workers getting minute pay rises (none for some) than 90% (10% unemployment rate) getting hefty pay increases. Not to mention, the Morrison government's latest tax cuts only works for those who have jobs and pay taxes. Finally ...

Industry fund overhauls fee structure

KARREN VERGARA  |  THURSDAY, 15 AUG 2019
... introduced a new fee structure on August 12, advising members that it regularly reviews fees and costs. On August 1 however, it did not charge investment and administration fees, but charged indirect expenses. "We may vary the fees without your consent ...

State Street ETF in franking credit kerfuffle

KANIKA SOOD  |  THURSDAY, 15 AUG 2019
... Australia's largest ETF. And the future of the franking credits earned during the period remain uncertain because State Street is not permitted to carry surplus franking credits under the ATO benchmark rule to the next financial year. What is the 'benchmark ...

New super fund tests waters

KARREN VERGARA  |  THURSDAY, 15 AUG 2019
... also promises members more transparency and better ways to deal with their superannuation provider. While Super Life does not have a PDS as yet, it aims to invest in "women-friendly companies." Financial education will be a centrepiece of the start-up's ...

Court dismisses Westpac lending practice case

KARREN VERGARA  |  THURSDAY, 15 AUG 2019
... therefore breached its obligations. In assessing home loans with an interest-only period, ASIC also alleged that Westpac did not take in to account higher repayments at the end of the interest-only period when it should have done so. Justice Nye Perram ...

APRA opens margin requirement talks

HARRISON WORLEY  |  THURSDAY, 15 AUG 2019
... of Securities Commissions (IOSCO) clarified the documentation, custodial and operational requirements for initial margin do not apply in cases where the initial margin is below €50 million, APRA has proposed to clarify APRA-regulated entities are not ...

Chief economist update: Greater than the Great Recession of 2008

BENJAMIN ONG  |  THURSDAY, 15 AUG 2019
... loans. If the Reserve authorities buy government bonds in the open market and thereby swell bank reserves, the banks will not put these funds to work but will simply hold reserves. Result: no 5 for 1, "no nothing," simply a substitution on the bank's ...

What is holding Aussie robo advisers back?

KANIKA SOOD  |  WEDNESDAY, 14 AUG 2019
... money smart has a website for example]," Dunnin said. Rainmaker research also found that most robo advisers in Australia were not set up to offer life insurance advice or to be used by self-managed super funds. "These portfolios are assembled under managed ...

BlackRock appoints Melbourne head

KANIKA SOOD  |  WEDNESDAY, 14 AUG 2019
... presence in outsourced investment management for superannuation funds. BlackRock raised over $2 billion in the year to March from not-for-profit superannuation funds, primarily in its international and Australian fixed interest capabilities, according ...

ASIC to crack down on platform fees

ELIZABETH MCARTHUR  |  WEDNESDAY, 14 AUG 2019
... every retail client who had an ongoing fee arrangement at any time following 1 July 2013. If the ongoing fee arrangement was not current at the time of ASIC's letter, the regulator wanted to know why that arrangement was terminated. ASIC also asked for ...