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Showing 9571 - 9580 of 28277 results for "NOT"

Ironbark, Zurich shutter funds

KANIKA SOOD  |  FRIDAY, 5 APR 2019
... international asset managers," Drennan said. "The decision by Denning Pryce after almost 13 years to cease operations does not alter our approach, in fact we look forward to introducing new and innovative investment products to our loyal advisers and ...

APRA receives new super powers

KARREN VERGARA  |  FRIDAY, 5 APR 2019
... Superannuation Measures No 1) Bill 2019, which passed on April 4, strengthens APRA's power following criticisms it has not effectively regulated the superannuation industry as highlighted by the financial services Royal Commission. APRA's new ...

Chief economist update: ECB digs deeper

BENJAMIN ONG  |  FRIDAY, 5 APR 2019
... "... the ECB will adopt all the monetary policy actions that are necessary and proportionate to achieve its objective. We are not short of instruments to deliver on our mandate". The speech followed the Governing Council's March 7 meeting where it ...

Major advice licensee in possible best interest breach

JAMIE WILLIAMSON  |  THURSDAY, 4 APR 2019
... expects financial advisers to use their skills, expertise and judgement in determining whether an SMSF is appropriate and not rely solely on client direction," ASIC said. Rainmaker analysis shows the largest groups advisers left before joining SMSF Advisers ...

Superannuation Consumer Advocate proposal needs work

KARREN VERGARA  |  THURSDAY, 4 APR 2019
... community benefits after ASIC found branch staff sold superannuation products to customers under the guise of general advice and not personal advice. Frydenberg also allocated to the Superannuation Complaints Tribunal (SCT) $2.3 million over three years ...

Wealth heavyweights join FSC board

HARRISON WORLEY  |  THURSDAY, 4 APR 2019
Some big names in wealth management have joined the board of the Financial Services Council, including from AMP and Challenger. AMP chief executive, wealth management Alex Wade, Challenger chief financial officer Andrew Tobin and Jason Yetton - who ...

Consumers don't understand fee disclosure: ISA

ELIZABETH MCARTHUR  |  THURSDAY, 4 APR 2019
... platforms owned by banks and investment managers would only be required to disclose the cost of gaining access to a product, not the cost charged by those issuing the product," he said. "This means consumers may believe these products are less expensive ...

Chief economist update: Hoping for the best, preparing for the worst of Brexit

BENJAMIN ONG  |  THURSDAY, 4 APR 2019
... these effects on demand, supply and the exchange rate. The monetary policy response to Brexit, whatever form it takes, will not be automatic and could be in either direction," it said. The British central bank may have to wait a while longer, for despite ...

Kelaher to leave IOOF

ELIZABETH MCARTHUR  |  THURSDAY, 4 APR 2019
... disqualify five of IOOF's executive leaders, including Kelaher. APRA singled out Kelaher as an executive whose actions were not in accordance with the Superannuation Industry (Supervision) Act, describing him as someone who "demonstrated a failure to ...

Federal Budget: Industry responds

HARRISON WORLEY  |  WEDNESDAY, 3 APR 2019
... Superannuation Trustees were more critical of the Government however, maintaining the voluntary super contribution changes would not have much of an impact on the retirement outcomes of most Australians. AIST chief executive Eva Scheerlinck said only ...