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| | | While the Australian unemployment rate remained unchanged, experts are becoming less optimistic we'll see many more rate cuts this year. The Australian labour market remained robust in May, with the unemployment rate sitting at 4.1%, Australian Bureau ... |
| | | | Equity Trustees was fined nearly $60,000 by the regulator for making misleading statements about the holdings of a sustainable bond fund. Equity Trustees agreed to pay three infringement notices totalling $56,340 over allegations it made misleading ... |
| | | | In an uncertain environment, Aoris Investment Management is attempting to steer clear of volatility by avoiding businesses that exhibit significant ties to what it calls the 'no-go zone'. Aoris aims to have up to 15 investments in its portfolio at any ... |
| | | | ... "don't do very well." Devitt noted that ASIC's crackdown on larger funds like Cbus, which was sued for allegedly failing to act honestly and fairly in handling death benefit and total and permanent disability insurance claims, and AustralianSuper, for ... |
| | | | The price multiples for financial planning practices have risen as much as 30% in the past 12 months, analysis shows. According to the annual Radar Results Price Guide, there has been a notable increase in price multiples for practices, rising between ... |
| | | | While investor sentiment has improved since Liberation Day, geopolitical and tariff uncertainties will continue to deteriorate fund flows for asset managers, Morningstar predicts. The latest Industry Pulse shows how fund manager flows dwindled in the ... |
| | | | Royal London Asset Management has appointed a Sydney-based regional sales head to expand the firm's footprint in Australia. The UK active investment manager named Kevin Haran to assume the newly created role. Haran will be responsible for establishing ... |
| | | | ASIC is investigating Queensland financial services firm Australian Fiduciaries, which has $160 million of investor money, and seeks asset preservation orders and the appointment of receivers. ASIC believes that about 600 retail investors have invested ... |
| | | | ASIC has cancelled the AFSL of Financial Services Group Australia (FSGA), which has links to the Shield Master Fund and First Guardian Master Fund. FSGA's responsible manager (RM) Graham Holmes has also been permanently banned from working in the ... |
| | | | ASIC has launched another inquiry into the ASX, this time focusing on its overall governance, capability, risk management frameworks and practices. The inquiry will be led by a panel that will make recommendations to address any identified shortcomings ... |
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