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Showing 71 - 80 of 1926 results for "AUD"

Platform fees, poor resourcing a red flag for regulator

JAMIE WILLIAMSON  |  TUESDAY, 3 OCT 2023
The chief executives of major platform operators in the UK have received letters from the regulator, flagging concerns around poor disclosure of fees and under-investment in technology. In the letter, the Financial Conduct Authority's director of consumer ...

FEAL appoints NGS Super chief to board

CASSANDRA BALDINI  |  FRIDAY, 29 SEP 2023
The Fund Executives Association (FEAL) has appointed NGS Super chief executive Natalie Previtera to its board. Previtera will replace director and board chair Jo Townsend effective September 30, who is stepping down from the position consistent with ...

ASIC fines fintech for misrepresenting crypto product

CASSANDRA BALDINI  |  WEDNESDAY, 27 SEP 2023
... and funds totalling around $1.6 million. To acquire the interest earning investment product, ASIC said customers deposited AUD into a Bobbob account. The AUD deposits were then exchanged for the crypto-asset USD Coin (USDC), which is said to be a "stablecoin" ...

NextGen Financial Group forced into liquidation

KARREN VERGARA  |  MONDAY, 25 SEP 2023
After ignoring an Australian Financial Complaints Authority (AFCA) determination, which was then escalated to the Federal Court, NextGen Financial Group is now in the process of winding up. WJ & V Drakoulis Super, the trustees of the SMSF that sued ...

Nanuk hires from Ellerston

KARREN VERGARA  |  MONDAY, 25 SEP 2023
... "This year, we've seen growing interest in Nanuk's active ETF and managed fund coupled with the recent launch of an AUD currency hedged unit class leading to FUA exceeding $700 million. This interest has been fuelled by heightened demand from ...

ARK Invest acquires European ETF issuer

ANDREW MCKEAN  |  THURSDAY, 21 SEP 2023
ARK Invest, an investment manager famous for its focus on disruptive innovation, has acquired Rize ETF, a European provider of thematic and sustainable investment options. The acquisition is part of ARK's global expansion strategy, designed to meet ...

Financial services marketing is broken: Study

JAMIE WILLIAMSON  |  WEDNESDAY, 20 SEP 2023
A new study shows that while most local financial services marketers believe compliance teams get in the way of them getting their job done, those same compliance specialists think marketers are just looking for someone else to blame when marketing ...

Rest hires former EISS Super risk chief

ELIZABETH FRY  |  FRIDAY, 15 SEP 2023
Former EISS Super chief risk officer Stephanie Lyons has landed a new gig at Rest. Lyons left EISS Super, which managed the superannuation of workers in the energy sector, in May when it merged with Cbus. The merger saw the departure of several senior ...

Perpetual shutters innovation fund, Pendal funds

JAMIE WILLIAMSON  |  THURSDAY, 14 SEP 2023
... from technological change and innovation. The fund aimed to outperform the MSCI All Countries World Net Total Return Index (AUD) before fees and taxes over rolling three-year periods. In the year to June 30, it returned close to 44% before fees. As at ...

AustralianSuper invests $2.5bn in Vantage Data Centers EMEA

ANDREW MCKEAN  |  TUESDAY, 12 SEP 2023
AustralianSuper has partnered with digital infrastructure investment firm DigitalBridge Group to invest $2.5 billion for a "significant minority stake" in Vantage Data Centers' EMEA division. The deal is hoped to bolster Vantage EMEA's growth ...