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Showing 1101 - 1110 of 3731 results for "Seven"

Chief economist update: War is over

BENJAMIN ONG  |  TUESDAY, 17 DEC 2019
... government and central bank stimulus packages. Recall that on November 18, the People's Bank of China (PBOC) cut its seven-day reverse repo rate from 2.55% to 2.50% - the first rate reduction in four years (October 2015). This followed its November ...

Pendal family office lead moves to boutique

KANIKA SOOD  |  FRIDAY, 13 DEC 2019
... after five years in the role to join Regal as its global head of distribution and marketing. Saunders was at Pendal for seven months as the head of private bank, broker and family office distribution. Prior to this, he was equities boutique Ophir Asset ...

MLC Wealth in advice leadership reshuffle

HARRISON WORLEY  |  FRIDAY, 13 DEC 2019
... stepping down. MLC Wealth has confirmed the departure of advice general manager Ross Barnwell, who has decided to bring his seven year career with the firm to a close. According to an internal email, MLC Wealth general manager of wealth distribution ...

Practice profitability at risk: MLC Life

JAMIE WILLIAMSON  |  FRIDAY, 13 DEC 2019
... found only 7% of advisers are charging clients for claims support despite the time and work involved. It takes an average of seven hours at $400 an hour, equating to $2800 - more than the ongoing renewal commission received. In fact, most costs are not ...

ATO issue SMSF scam warning

ELIZABETH MCARTHUR  |  TUESDAY, 10 DEC 2019
... expenses including home renovations and stamp duty. The woman was fined $220,000 and banned from establishing SMSFs for seven years. "Schemes like this cause considerable financial disadvantage to people who can least afford it," assistant commissioner ...

New hires, mandates at Link

ELIZABETH MCARTHUR  |  MONDAY, 9 DEC 2019
... financial services most recently as senior manager, investment control at SAS Corporation. Previously, Sipek spent over seven years at AMP Capital as director of investment services and head of operations. He was also head of investment operations at ...

Chief economist update: It's Christmas time in the city

BENJAMIN ONG  |  MONDAY, 9 DEC 2019
... expectations for a small improvement to 97.0; it's the fourth-straight month of improvement and the highest reading in seven months. Both the current conditions index (up 3.6 points to 115.2) and the expectations index (up 1.6 points to 88.9) increased ...

Pendal cuts fee on multi-asset fund

KANIKA SOOD  |  FRIDAY, 6 DEC 2019
... It is a part of Pendal's stable of responsible investing funds, which together have over $2 billion in assets across seven products. In February this year, Pendal became the sole owner of ESG research house Regnan, acquiring Commonwealth Superannuation ...

CFS culls grandfathered commissions, slashes fees

KANIKA SOOD  |  FRIDAY, 6 DEC 2019
... in savings to 70,000 members, totaling about $19 million. The MIF range opened in 1993 and closed to new investors about seven years ago. A year of fee cuts Earlier this year, Colonial First State took a $45 million hit to its FY20 net profit as it trimmed ...

Aberdeen appoints head of Australian fixed income

KANIKA SOOD  |  WEDNESDAY, 4 DEC 2019
... Argyrou, investment manager David Murray left the company. At the time, the company said its Australian fixed income team had seven investment professionals. It has since hired Amanda Chong as an investment manager from Susquehanna International Group. ...