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Showing 1001 - 1010 of 4334 results for "FIG"

Chief economist update: The colour of Beige

BENJAMIN ONG  |  THURSDAY, 19 APR 2018
Speculators speculating on the US Federal Reserve's next monetary policy movement should pay close attention to the Beige Book Report. The "book" isn't made up of figures and numbers and stats but instead anecdotal evidence on the state of the US economy. ...

New manager raising $30m for crypto fund

ALEX BURKE  |  WEDNESDAY, 18 APR 2018
A new investment manager launched by tech veterans is seeking to raise $30 million for one of Australia's first funds dedicated exclusively to cryptocurrency investments. Anti Hero Capital, whose managing partners also founded tech agency M5859, are ...

Westpac paid out $200m annually in conflicted remuneration

DARREN SNYDER  |  TUESDAY, 17 APR 2018
In statements to the Royal Commission, Westpac noted it has paid out about $200 million in payments each year since 2013 that constitute conflicted - albeit permitted - remuneration. BT Financial Advice national head Michael Wright provided a statement ...

SMSF home bias drags returns

KARREN VERGARA  |  TUESDAY, 17 APR 2018
Self-managed super funds' home bias dragged returns for the sector in the 12 months to February, latest SuperGuard 360 research shows. According to the SG360 SMSF Reference Index, SMSFs generated a 5.5% return (before fees and tax) - well below the ...

Freedom acquires bank insurance arm

KARREN VERGARA  |  TUESDAY, 17 APR 2018
Freedom Insurance Group (FIG) announced it will acquire a bank's insurance arm for $65 million. FIG has entered into an agreement to purchase St Andrew's Insurance from the Bank of Queensland in a bid to diversify its insurance products. The specialist ...

Blue Sky falls short of disclosure expectations

ALEX BURKE  |  MONDAY, 16 APR 2018
Following on from the opinion article by Glaucus Research, Blue Sky chair John Kain said the company has fallen short of shareholder and market expectations around transparency and disclosure. As a result of this, Kain said Blue Sky is now commissioning ...

Industry fund adds board director

JAMIE WILLIAMSON  |  FRIDAY, 13 APR 2018
A $9.2 billion industry superannuation fund appointed a new board director. Vision Super welcomed Australian Services Union executive president Lisa Darmanian in March, bringing the number of women on its board to four. "Lisa brings valuable experience ...

FPA to fight latest FASEA proposals

JAMIE WILLIAMSON  |  THURSDAY, 12 APR 2018
More than 1700 of the FPA's membership have joined calls for the Financial Adviser Standards and Ethics Authority to take a more realistic approach to its development of professional standards. Just last week the FPA issued a questionnaire to its 13,700 ...

Chief economist update: Let's talk about oil baby

BENJAMIN ONG  |  WEDNESDAY, 11 APR 2018
The Middle Kingdom's supremo, Chinese President Xi Jinpeng, sent equity markets on the up and up. Instead of talking tough and raising the ante on the brewing trade war with the US, Xi announced the opposite. In his speech at the Boao Forum for Asia ...

ASIC slaps fines on Spaceship and its trustee

KANIKA SOOD  |  TUESDAY, 10 APR 2018
The corporate regulator said Spaceship's upbeat description of its growth option made "misleading claims" to attract new superannuation members. Spaceship's GrowthX option claimed to "measure companies" while in reality 79% of the fund was tracking ...