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Showing 1061 - 1070 of 3547 results for "October 2002"

Magellan to restructure retail global equities funds

KANIKA SOOD  |  MONDAY, 3 AUG 2020
Magellan is seeking unitholder approval to create a mega fund of $15 billion that would combine the investment pools of the unlisted, ETF and LIT versions of the Magellan Global Fund. Magellan will create a single trust and issue two unit classes - ...

Regulatory, legal exam questions trip up advisers

ELIZABETH MCARTHUR  |  MONDAY, 3 AUG 2020
FASEA has revealed the areas that financial advisers struggle with in the exam - with regulatory and legal questions presenting a challenge. In the June FASEA exam results for the first time the authority has provided some feedback from the exam data ...

Housing values continue to slide

ANNABELLE DICKSON  |  MONDAY, 3 AUG 2020
Australian housing values continued to decline for the third consecutive month in July and are set to drop even further when government support winds down, according to the latest research from CoreLogic. CoreLogic's home value index dropped 0.6% last ...

Another merger at First State Super

KANIKA SOOD  |  THURSDAY, 30 JUL 2020
First State Super and WA Super signed a memorandum of understanding and entered due diligence on March 4 this year. The funds are expected to finalise a merger by November 30. WA Super, the smaller of the two, will get low fees, greater investment options ...

CBA ups remediation bill for advice

ELIZA BAVIN  |  THURSDAY, 30 JUL 2020
The Commonwealth Bank of Australia has announced an extra $300 million has been added to its remediation bill in relation to ongoing service fee and customer remediation costs. CBA said it is constantly addressing the full range of remediation issues ...

Ironbark restructures two funds

KANIKA SOOD  |  WEDNESDAY, 29 JUL 2020
Ironbark Asset Management has appointed two managers as it restructures two previously multi-manager funds with the aim of improving liquidity and pricing. The Ironbark LHP Diversified Investments was previously managed by Lighthouse Partners, which ...

ASIC terminates illegal investment scheme

ALLY SELBY  |  WEDNESDAY, 29 JUL 2020
The Federal Court has taken action to dissolve an unregistered investment scheme operated by a former AMP authorised representative. MyWealth Manager was operated by Mustafa Mohammed, along with Mahek Mustafa, Mubashir Mohammed. The scheme related to ...

Chief economist update: Gold 2000

BENJAMIN ONG  |  WEDNESDAY, 29 JUL 2020
Gold prices have already been on the up and up last year, buoyed by major world central banks' about face towards a more accommodative policy - led by the US Federal Reserve's interest rate cuts (July, September and October 2019). Gold prices ...

Tasmania leads the nation: CommSec

ALLY SELBY  |  TUESDAY, 28 JUL 2020
For the first time since October 2009, Tasmania has taken out CommSec's top gong as the best performing economy in its own right. It replaces Victoria, which has held the top spot in the online stockbroker's State of the States survey - either outright ...

FASEA confirms 2021 exams

ELIZABETH MCARTHUR  |  FRIDAY, 24 JUL 2020
FASEA has confirmed the exam schedule for 2021, after the extension was passed. The authority will run six exam sittings in 2021 at metropolitan and regional locations around Australia. "We have seen a strong performance by most advisers sitting the ...