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Showing 1011 - 1020 of 6449 results for "Fed"

BTFM, Asgard Capital fined $3m

KARREN VERGARA  |  MONDAY, 26 JUL 2021
The Federal Court will force BT Funds Management and Asgard Capital Management to pay $1.5 million each for charging fees for no service and making misleading statements. Between September 2014 and August 2017, the court found that the companies harmed ...

Economic recap: Week to July 23

BENJAMIN ONG  |  MONDAY, 26 JUL 2021
The Delta variant outbreak remained the focus of attention in Australia. The daily case of infections in Greater Sydney surged to 136 on Friday (July 23) - the highest number since the this year's outbreak - prompting the NSW premier Gladys Berejiklian ...

FAR draft legislation released

KANIKA SOOD  |  MONDAY, 19 JUL 2021
The government on Friday released the draft legislation for the Financial Accountability Regime (FAR) which will apply to superannuation funds and insurers. The FAR extends the Banking Executive Accountability Regime (BEAR) which has applied to banks ...

Economic recap: Week to July 16

BENJAMIN ONG  |  MONDAY, 19 JUL 2021
... consumer spending - which accounts for more than 60% of the US economy - easing inflation pressure and ultimately, allow the Fed to maintain policy accommodation.

Relief payments confirmed for NSW

ELIZABETH MCARTHUR  |  WEDNESDAY, 14 JUL 2021
As the Greater Sydney lockdown is extended a further fortnight, the federal government has confirmed disaster relief payments are on the way to support businesses. "The Morrison government is upgrading its national response to COVID-19 outbreaks with ...

Insurers dodging Royal Commission reform

ELIZABETH MCARTHUR  |  MONDAY, 12 JUL 2021
Last week, the federal government announced exemptions for the insurance industry in relation to Royal Commission reforms. According to the Consumer Action Law Centre, these exemptions allow the insurance industry to side-step the Royal Commission recommendations ...

Dixon Advisory to pay $8.2m to settle ASIC action

KANIKA SOOD  |  FRIDAY, 9 JUL 2021
ASIC will drop its September 4 Federal Court case against Evans & Dixon's financial advice arm for $8.2 million and declaration of 53 contraventions. Dixon Advisory and Superannuation Services (DASS) will pay $7.2 million in penalty and $1 million ...

SG Hiscock introduces medical tech fund

JAMIE WILLIAMSON  |  TUESDAY, 29 JUN 2021
The boutique fund manager is launching a new social impact fund that will invest in Australian and New Zealand medical technology companies. The SG Hiscock Medical Technology Fund aims to provide long-term capital growth via a portfolio of innovative ...

HESTA nabs Hostplus executive

ELIZABETH MCARTHUR  |  MONDAY, 28 JUN 2021
The head of ESG at $61 billion industry fund Hostplus has jumped to HESTA. Kim Farrant will join HESTA, the $60 billion industry fund for healthcare workers, as general manager responsible investment on July 12. Farrant will report to the fund's ...

AMP board adds former banking chief

KARREN VERGARA  |  FRIDAY, 25 JUN 2021
A former bank chief executive has joined the board of AMP as an independent non-executive director. Michael Hirst joins the ASX-listed firm on July 1, bringing over 40 years of experience in leadership roles across funds management, treasury and banking. ...