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Search ResultsShowing 1 - 10 of 100+ results for "Australia"
More clarity on life insurance best interest duty needed: Research
ELIZA BAVIN  |  FRIDAY, 25 SEP 2020
An Actuaries Institute Taskforce has made sweeping recommendations for broad changes to Australia's retail disability income insurance market, including providing examples of Best Interest Duty in life insurance. The report said ASIC included in ...
BetaShares' Nasdaq ETF surpasses $1bn
ALLY SELBY  |  FRIDAY, 25 SEP 2020
BetaShares' Nasdaq 100 ETF exceeded $1 billion in assets under management at the end of August, a net increase of more than $500 million since the outset of the year. As of the end of August, the ETF had $1.17 billion in AUM. Around $300 million of ...
Need to recalibrate the fiscal strategy: Frydenberg
ELIZA BAVIN  |  FRIDAY, 25 SEP 2020
... "Despite our success in cushioning the blow from COVID-19, we know that this crisis will have long-lasting effects on Australia's economy and on our fiscal position," Frydenberg said. "Our economy will be persistently smaller as a result of the pandemic ...
MLC cuts fees, commissions
ELIZABETH MCARTHUR  |  FRIDAY, 25 SEP 2020
MLC has cut fees and commissions on its platform for MLC MasterKey Investment Service and MLC MasterKey Unit Trust. For MLC MasterKey Investment Service the administration fee on the cash fund will reduce from 0.81% to 0.55%. The admin fee for the MLC ...
Responsible lending laws to be revoked
ANNABELLE DICKSON  |  FRIDAY, 25 SEP 2020
The government has announced a raft of reforms to reduce barriers to Australia's credit framework as a means to boost the economy. The reforms will remove the responsible lending obligations from the National Consumer Credit Protection Act 2009 aiming ...
NowInfinity founders join boutique
KARREN VERGARA  |  THURSDAY, 24 SEP 2020
The founders of NowInfinity have joined a boutique firm that specialises in helping businesses with their succession plans. Amreeta Abbott and Vitalii Symon have joined Succession Plus, a business succession advisory firm with offices nationwide, New ...
ASIC, IOSCO report on debt capital raisings
ALLY SELBY  |  THURSDAY, 24 SEP 2020
... reviewed 12 DCM transactions, some before and some during the COVID-19 pandemic. Notable transactions include Virgin Australia's $250 million B-rated issue in March 2019, a $2.5 billion AAA-rated issue from the Treasury Corporation Victoria in March ...
ASIC wealth director nabs promotion
ALLY SELBY  |  THURSDAY, 24 SEP 2020
... people across several Australian states, responsible for all aspects of regulation of the financial advice industry in Australia. Prior to her tenure with ASIC, Bird worked as an associate professor at Sydney University's Law School from 2010 to 2013 ...
Super funds squander member money: Bragg
KARREN VERGARA  |  THURSDAY, 24 SEP 2020
... system that has enjoyed three decades of unquestioned opacity. Appearing at an Association of Superannuation Funds of Australia event, in which he engaged in a political debate with Labor member Daniel Mulino, Bragg criticised the level of self-interest ...
Many who accessed ERS unsure of impact: Research
ELIZA BAVIN  |  THURSDAY, 24 SEP 2020
New research has identified that urgent short-term need for money is the main driver for people withdrawing their superannuation savings under the COVID-19 ERS scheme. The study, conducted by the ARC Centre of Excellence in Population Aging Research ...
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