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Showing 9161 - 9170 of 28277 results for "NOT"

CommSec fixes faulty statements

KANIKA SOOD  |  FRIDAY, 19 JUL 2019
... in a statement. "These issues are isolated to information on the statements only, while trades and actual cash flows have not been impacted. We have contacted all impacted customers and are currently working to fix the identified issues over the coming ...

Portfolio manager caught out faking returns

KANIKA SOOD  |  FRIDAY, 19 JUL 2019
... different discount curves instead resulted in the booking of unsubstantiated profits in the fund's accounting records. Rege did not have authorization from the Fund Adviser to use the different discount curves." The fund adviser ultimately fired Rege ...

Corporate fund updates members on fee changes

KARREN VERGARA  |  FRIDAY, 19 JUL 2019
... investment option has increased from a rating of medium or four to a rating of medium-high or five. "As a future estimate, it does not necessarily reflect the historic risk and return experience of an investment option. This change in SRM for the Fixed ...

Mercer unveils best-performing Aussie equity funds

KARREN VERGARA  |  FRIDAY, 19 JUL 2019
Mercer has named the top-performing Australian equities funds for the 2019 financial year. Mercer's latest Investment Survey found Martin Currie's Australia Real Income strategy delivered 18.8% in the year to June 2019. BlackRock Equitised Long ...

Advice associations weigh in on member interests bill

HARRISON WORLEY  |  FRIDAY, 19 JUL 2019
... Advisers (AFA) and the Financial Planning Association of Australia (FPA) have revealed the two see eye to eye on some, but not all, matters. Both associations said they broadly support the bill's intent, noting insurance premiums can have a significant ...

Adviser association rebrands, grows membership

KARREN VERGARA  |  THURSDAY, 18 JUL 2019
... help set its agenda to come together as a new association and recommence lobbying for the rights of advisers. UFAA said it is not a political body, rather a lobby group seeking to address the needs and objectives of its advisers. It aims to lobby against ...

Industry bodies react to APRA review

KARREN VERGARA  |  THURSDAY, 18 JUL 2019
Several industry associations have responded to APRA's Capability Review as many weighed in on how the recommendations can improve the superannuation sector. The Australian Institute of Superannuation Trustees head of advocacy Ailsa Goodwin said ...

NFP funds dominate group insurance market

KARREN VERGARA  |  THURSDAY, 18 JUL 2019
While not-for-profit funds continue to hold the lions' share of the group insurance market, new research reveals corporate fund members are more likely to take-up default insurance. After examining insurance options available via 220 products, Rainmaker's ...

Russell launches next gen managed accounts

ELIZABETH MCARTHUR  |  THURSDAY, 18 JUL 2019
... around specific investment outcomes, the real value of an adviser lies in helping investors achieve their financial goals - not tracking or beating a benchmark," said Hampshire. Russell said the Australian managed account market now has close to $65 ...

APRA endorses review recommendations

KARREN VERGARA  |  WEDNESDAY, 17 JUL 2019
... APRA operates and that the expectations of its role and mandate have increased. "Appropriately, the report notes APRA has not stood still in the face of these developments, but highlights the need to accelerate the necessary changes if APRA is to remain ...