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Showing 9751 - 9760 of 28277 results for "NOT"

Royal Commission and its one canoe message is on point

HARRISON WORLEY  |  MONDAY, 25 FEB 2019
... and one foot in another," Cooper said. "What he [Hayne] means is that an intermediary has to have a duty to the client, and not the product provider or commission payer. "Of course, good smurf (SMSF) advisers already know that." He said regulatory changes ...

Chief economist update: The RBI surprises (again)

BENJAMIN ONG  |  MONDAY, 25 FEB 2019
... inflation should have alerted financial markets that the RBI would do as it did - cut the repo rate by 25 bps to 6.25% - if not at its February board meeting, then soon. More so, given the sharp slowdown in India's economic growth to 7.1% in the ...

Australia ahead in gender diversity

KARREN VERGARA  |  MONDAY, 25 FEB 2019
... Institute of Company Directors (AICD) board diversity manager Rhian Richardson says it's "an amazing achievement." "Although it's not 30%, it's almost 30% and we are confident the target will be achieved in the next month," she says. It would be a significant ...

MLC MySuper switches to lifestage

KANIKA SOOD  |  FRIDAY, 22 FEB 2019
... funds. Its new lifestage option design seems to be modelled on highly successful lifestage products offered by award winning not-for-profit funds like First State Super and Sunsuper which don't switch asset allocations until the members are five ...

No one-size-fits-all approach to franking changes

HARRISON WORLEY  |  FRIDAY, 22 FEB 2019
... risks, and as such investors should exercise caution. Magellan, she added, was defensively positioned right now. "We're not fully utilising our entire risk budget," she said. "And even within certain markets, certain defensive shares actually look ...

Advisers need to behave above the law

HARRISON WORLEY  |  FRIDAY, 22 FEB 2019
... addressed conference delegates, and said the code's totality was what would guide the behaviour of advisers. "To me, the code is not about reading each standard individually, and thinking 'How do I do that?'" he said. "It's the totality of the code that ...

More consolidation to come: APRA

JAMIE WILLIAMSON  |  FRIDAY, 22 FEB 2019
... APRA greater powers and Byres welcomed the prudential regulator's ability to more forcefully pursue trustees it feels are not delivering quality member outcomes. "Further consolidation in the industry is a likely product of this work. It is difficult ...

GAM sacks investment director

JAMIE WILLIAMSON  |  FRIDAY, 22 FEB 2019
GAM Investments confirmed fixed income investment director Tim Haywood was dismissed for "gross misconduct" following an internal investigation. And he's appealing the decision. In August 2018, Haywood was at the centre of an investigation that ...

Chief economist update: Nerves of steel

BENJAMIN ONG  |  FRIDAY, 22 FEB 2019
... chief economist Bill Evans has just gotten one up on me? Nah Virginia, me don't want to "kill Bill", we economists may not see eye to eye but we stick together. More so that Bill's come around to my point of view...and even went further. Bill's ...

Super needs a clear objective: Cooper

HARRISON WORLEY  |  THURSDAY, 21 FEB 2019
... superannuation, the constant rule changing that occurs in the industry will continue to be in the interests of other areas, not the retirement savings of Australians. Referring specifically to Labor's proposed franking credit changes - which have been ...