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Showing 1041 - 1050 of 6445 results for "Fed"

Fund manager hit with serious charges

KARREN VERGARA  |  FRIDAY, 21 MAY 2021
The former managing director of Global Merces Funds Management, which is now in liquidation, has been slapped with criminal charges for dishonest conduct and providing dodgy information about the fund's affairs. The court determined that Holly Grofski ...

ASIC takes action against Equiti

KARREN VERGARA  |  FRIDAY, 21 MAY 2021
ASIC is taking action against a financial services group for allegedly paying conflicted remuneration totalling $165,000 to its financial advisers who gave inappropriate SMSF and property advice. Equiti Financial Services (Equiti FS) - which is now ...

Chief economist: What JobKeeper cliff?

BENJAMIN ONG  |  FRIDAY, 21 MAY 2021
"Prediction is very difficult, especially if it's about the future." This quote from Danish physicist and Nobel Prize in physics winner Niels Bohr has been proven time after time but more recently in the Australian Federal Treasury's prediction ...

Federation AM awards mandate

ANNABELLE DICKSON  |  THURSDAY, 20 MAY 2021
Federation Asset Management has selected an administrator for its Sustainable Australian Real Asset Trust (SARA). Apex Group will provide fund administration, share registry and regulatory services to Federation's SARA, which will invest in renewable ...

Weeding out net zero fakers

ELIZABETH MCARTHUR  |  WEDNESDAY, 19 MAY 2021
The tripling in commitments to achieve net zero carbon emissions by both companies and investors cannot be believed blindly, according to experts. At the Conference of Major Superannuation Funds in Adelaide, Australian Council of Superannuation Investors ...

Chief economist update: Confidently sustaining the recovery

BENJAMIN ONG  |  WEDNESDAY, 19 MAY 2021
Simply stunning! "The April survey result is simply stunning - with many variables reaching survey highs. Conditions reset last month's high, driven by further gains across trading conditions, profitability and employment. Confidence has also set ...

Budget no cure for hangover from last one

ELIZABETH MCARTHUR  |  WEDNESDAY, 19 MAY 2021
An Australian Institute of Superannuation Trustees policy expert has laid out just how much work super funds have ahead of them in dealing with the last two federal budgets. AIST head of advocacy Mel Birks updated the Conference of Major Superannuation ...

ASIC bans Theta managing director

KARREN VERGARA  |  MONDAY, 17 MAY 2021
ASIC has banned the managing director of Theta Asset Management for four years from the financial services industry. The banning order for Robert Patrick Marie comes after several instances of misconduct relating to Theta, the responsible entity of ...

AFCA welcomes new chair

KARREN VERGARA  |  MONDAY, 17 MAY 2021
An Order of Australia recipient has been named the new chair of the Australian Financial Complaints Authority, replacing Helen Coonan. John Pollaers is the new independent chair of AFCA, replacing Coonan, whose tenure comes to an end this month. Coonan ...

Chief economist update: A half-glass full look at inflation

BENJAMIN ONG  |  MONDAY, 17 MAY 2021
... on monetary and fiscal life support. What's wrong with that? What's there to fear? It'll be a good sign if the Fed - followed by other central banks - reduce policy accommodation tomorrow, indicating a return to pre-coronavirus normal.