News
AMP appoints Vernon's successor in CFO role
2+ hour, 56+ min ago (458+ words) Home > Financial Planning > AMP appoints Vernon's successor in CFO role AMP Limited has added a wealth of global financial services experience to its executive team with the appointment of Jackie Cleary as Chief Financial Officer, following the promotion of Blair…...
When risk reasserts itself: Understanding the capital stack
13+ hour, 25+ min ago (897+ words) Home > Funds Management > When risk reasserts itself: Understanding the capital stack The concept of the capital stack is a familiar one to most professional investors. It describes where an investment might sit within a capital structure " typically as debt or…...
ASIC initiates penalty action against EQT
4+ day, 4+ min ago (455+ words) Home > Funds Management > ASIC initiates penalty action against EQT Managing Editor and Publisher The Australian Securities and Investments Commission (ASIC) has initiated Federal Court penalty proceedings against Equity Trustees Superannuation Limited alleging failures in care, skill and diligence for allowing…...
Bentham AM's "deliberately conservative' approach
5+ day, 19+ hour ago (458+ words) Home > Managed Accounts > Bentham AM's "deliberately conservative' approach Managing Editor and Publisher In what represents a sign of the times, Bentham Asset Management has confirmed that its high-yield exposure to muti-sector funds is the lowest it has ever been. The…...
NGS Super moves ahead of DBFO on advice
6+ day, 2+ hour ago (471+ words) Home > Financial Planning > NGS Super moves ahead of DBFO on advice Managing Editor and Publisher Yet another industry superannuation fund is moving in advance of the Government executing on the next tranche of the Delivering Better Financial Outcomes (DBFO) legislation,…...
Interest rate debate focused on wrong risk: Datt Capital
1+ week, 2+ hour ago (498+ words) Home > Investment > Interest rate debate focused on wrong risk: Datt Capital Datt Capital's Emanuel Datt has stressed investors are focusing on the wrong risk on interest rates, saying the key issue is not whether the Reserve Bank of Australia would…...
Inter Prac bleeds another 14 advisers
1+ week, 3+ day ago (242+ words) Home > Financial Planning > Inter Prac bleeds another 14 advisers Managing Editor and Publisher The continued uncertainty around the future of Sequoia Financial Group's Inter Prac business is taking a toll with the business losing 14 advisers this week. Analysis of the Financial…...
ATO warned on treatment of Div 296 mistakes
1+ week, 3+ day ago (535+ words) Home > Superannuation > ATO warned on treatment of Div 296 mistakes Managing Editor and Publisher The Australian Taxation Office (ATO) should not seek to apply a proposed new ruling around Member Accounts reporting to the new Division 296 regime on superannuation balances over…...
Adviser's appeal results in longer prohibition
1+ week, 5+ day ago (436+ words) Home > Financial Planning > Adviser's appeal results in longer prohibition Managing Editor and Publisher In what represents a precedent, an attempt by a UGC financial adviser to have the Administrative Review Tribunal (ART) review a two-year prohibition on him providing financial…...
ASIC invokes FIIG ruling to galvanise firms on AI threats
2+ week, 2+ hour ago (477+ words) Home > Fintech > ASIC invokes FIIG ruling to galvanise firms on AI threats The Australian Securities and Investments Commission (ASIC) has invoked its recent court win against FIIG Securities to press financial firms, urging them to lift cyber resilience standards as…...