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Showing 971 - 980 of 2427 results for "NEC"

ASIC cans advice business AFSL

JAMIE WILLIAMSON  |  TUESDAY, 18 DEC 2018
A boutique financial advice business has had its AFSL cancelled for failing to adequately manage conflicts of interest after clients were advised to invest their superannuation in the practice. ASIC has cancelled the AFSL of Evermore Money Management ...

Super a money laundering target: AUSTRAC

HARRISON WORLEY  |  MONDAY, 17 DEC 2018
Australia's money laundering watchdog is warning superannuation funds they are serious targets for financial criminals, and provided advice on how to avoid getting stung. AUSTRAC released a guidance paper to the superannuation sector, outlining the ...

Chief economist update: ECB bids farewell to QE

BENJAMIN ONG  |  FRIDAY, 14 DEC 2018
The European Central Bank (ECB) delivered on its promise. While it kept interest rates unchanged - repo rate at 0%; deposit facility rate at -0.4%; marginal lending facility rate at 0.25% - at its December 13 Governing Council meeting, it also confirmed ...

FPA reviews disciplinary regulations

JAMIE WILLIAMSON  |  WEDNESDAY, 12 DEC 2018
After having its existing disciplinary processes questioned during the Royal Commission, the Financial Planning Association of Australia is introducing updated regulations from 1 January 2019. Conducted by FPA Conduct Review Commission (CRC) deputy ...

$300k makes advice worthwhile: Research

KARREN VERGARA  |  MONDAY, 10 DEC 2018
Roy Morgan research suggests having a minimum of $300,000 triggers the need for financial advice. The survey of more than 50,000 consumers in the year to October reinforces that financial advisers tend to target clients at the top end of the income ...

APRA takes action against IOOF

HARRISON WORLEY  |  FRIDAY, 7 DEC 2018
APRA is seeking to impose license conditions on IOOF and disqualify several of the firm's executive leaders. In a media release this morning, APRA said it had commenced proceedings in the Federal Court of Australia. It seeks to disqualify five individuals ...

Emerging markets must be long-term bet

DARREN SNYDER  |  WEDNESDAY, 5 DEC 2018
One of the world's largest asset managers estimates emerging markets equities will outperform developed markets by 2.75 percentage points over the next 10 to 15 years. Releasing its 2019 Long-Term Capital Market Assumptions (LTCMA) in Australia this ...

Asset manager consolidation top of mind for HNWIs

DARREN SNYDER  |  WEDNESDAY, 28 NOV 2018
More than 95% of high net worth individuals in Asia Pacific (excluding Japan) are prepared to consolidate assets with their primary wealth manager, provided there's a strong connection. But it's less likely in Australia. The number dips to 73% ...

Chief economist update: Is TLTRO III coming?

BENJAMIN ONG  |  TUESDAY, 27 NOV 2018
Minutes of the European Central Bank's (ECB) 24-25 October Governing Council meeting confirmed that it remains on track to end its net asset purchases - currently at a monthly pace of €15 billion - by the end of December 2018. No probs here. We've ...

Vertical integration not to blame

HARRISON WORLEY  |  MONDAY, 26 NOV 2018
Australia's largest financial services institutions all agree - the use of vertically integrated business models in the wealth management arms of banks was not the reason for the industry misconduct exposed in the Royal Commission. In their responses ...