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Showing 1 - 10 of 7749 results for "retail"

Legalsuper names chief investment officer

JAMIE WILLIAMSON  |  THURSDAY, 28 MAR 2024
... corporate super at AMP and later head of AMP Bank strategy, and several senior leadership roles within Commonwealth Bank's retail division. He was most recently chief customer officer at Elula, a financial services software provider, before joining the ...

AFCA flags legal uncertainty on SMSF wholesale test

KARREN VERGARA  |  THURSDAY, 28 MAR 2024
... an advice firm to provide advice and broking services. The complainant argued that the SMSF receiving the advice was a retail investor as it had less than $10 million in assets and therefore entitled to the protections of the best interest duty. The ...

HMC Capital acquires asset manager

ELIZA BAVIN  |  THURSDAY, 28 MAR 2024
... equity, energy transition and digital infrastructure managing over $10 billion on behalf of institutional, high-net-worth and retail investors. HMC Capital said it is well positioned to grow its funds under management to over $20 billion in the medium ...

Best super fund products revealed

ANDREW MCKEAN  |  WEDNESDAY, 27 MAR 2024
... AAA-rated products, 72 (44%) are workplace products, 50 (30%) are retirement products, and 42 (26%) are personal products. Retail funds accounted for 29% of the AAA products, meanwhile not-for-profit funds constituted the lion's share at 71%, including ...

Tranche one of advice reforms hits parliament

KARREN VERGARA  |  WEDNESDAY, 27 MAR 2024
... (Recommendations 13.7, 13.8 and 13.9). This amends the Corporations Act to state that a person who provides personal advice to a retail client about a life risk insurance product, general insurance product or consumer credit insurance and receives a ...

UniSuper appoints new head of fixed interest

ANDREW MCKEAN  |  TUESDAY, 26 MAR 2024
... co-founder of Omega Global Investors, a global asset management company that provides products and services to institutional and retail clients. At Omega, he served as managing director and head of fixed income, developing, and implementing innovative ...

Why this fundie sees the economy making a hard landing

ANDREW MCKEAN  |  MONDAY, 25 MAR 2024
... is more pain ahead, and the path is edging closer to a hard landing. The deteriorating state of the consumer, flatlining retail sales and falling company cashflows are the biggest risks to the downside," Birtles said. He also noted that with 1.5% annual ...

Luxury fashion house sued over Birkin bag sales

JAMIE WILLIAMSON  |  THURSDAY, 21 MAR 2024
Hermes is facing an antitrust class action which alleges it only allows customers with "sufficient purchase history" to buy the infamous Birkin handbags. The French luxury fashion house is being sued in California in a case that claims sales associated ...

Industry funds set to gobble up over 50% of superannuation assets

ANDREW MCKEAN  |  THURSDAY, 21 MAR 2024
... more than 50% of all superannuation assets, as per Deloitte's Dynamics of the Australian Superannuation System report. Retail funds are anticipated to grow in the future, thanks to their existing scale, a wealthier demographic base, and the ability ...

Financial services class actions surge

JAMIE WILLIAMSON  |  WEDNESDAY, 20 MAR 2024
... cover by default. A couple of days earlier a class action was filed against IC Markets for consumer harm caused by offering retail investors the ability to trade CFDs. In October 2023, a class action was filed against BT Funds Management as trustee of ...
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