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Showing 1111 - 1120 of 3712 results for "Order"

Court confirms Storm Financial founders breached duties

JAMIE WILLIAMSON  |  FRIDAY, 27 MAR 2020
... money in index funds, using "double gearing" - the Storm model. It involved taking out a home loan and a margin loan in order to purchase units in the funds. Once initial investments were undertaken, "Stormified" clients were encouraged to continue investing. ...

Portfolio rebalancing should be timed: Xplore

ELIZA BAVIN  |  FRIDAY, 27 MAR 2020
... more defensively," Wright said. Wright said there has been evidence that investors are increasing their holdings in cash in order to re-enter the market when the volatility normalises. "Many investment managers are reweighting portfolios more defensively ...

Former AMP adviser sentenced

ELIZABETH MCARTHUR  |  FRIDAY, 27 MAR 2020
... Kiama on the NSW south coast was hit with 750 hours of supervised community service as part of an Intensive Corrections Order. In May 2019, Martin pled guilty to offences that saw him dishonestly obtain $208,000 in client funds. His sentencing for three ...

CHESS replacement delayed

HARRISON WORLEY  |  THURSDAY, 26 MAR 2020
The Australian Stock Exchange has been forced to delay the replacement of its CHESS system. The impact of COVID-19 is continuing to spread, with the outbreak now forcing the delay of the ASX's CHESS replacement system. Originally slated to go-live from ...

COVID-19 shaves $290bn off super

KANIKA SOOD  |  WEDNESDAY, 25 MAR 2020
... overall in superannuation, about $2.2 trillion is non-self-managed. If we apply a 13% fall to this, it implies a loss in the order of magnitude of $290 billion," Rainmaker executive director of research and compliance Alex Dunnin said. The country's ...

New role for Mercer chief

HARRISON WORLEY  |  TUESDAY, 24 MAR 2020
... Walsh will be responsible for delivering "market-leading life insurance propositions across a diverse range of channels, in order to best meet consumer need". Mu said the firm was "thrilled" to have Walsh onboard. "We have a unique customer value proposition ...

EY appoints wealth, asset management leader

ELIZABETH MCARTHUR  |  TUESDAY, 24 MAR 2020
... their offerings and how they address client needs in the current environment. "I look forward to leading the EY team in order to help our clients continue to grow as they navigate this new environment and prepare for the next wave of change in the sector," ...

Australia to lean on super

HARRISON WORLEY  |  MONDAY, 23 MAR 2020
... Office to "make it work". "As we have been indicating publicly, this is an issue that must be handled very carefully in order to prevent the compounding of liquidity pressures that may be faced by superannuation funds in the current market conditions ...

Ellerston, Morphic look to oust Perpetual

KANIKA SOOD  |  WEDNESDAY, 18 MAR 2020
... investors. "Ellerston believes its robust infrastructure across investment teams, operations and compliance work in synergy in order to promote the interests of members. Therefore, it is expected that transitioning the responsible entity to Ellerston ...

deVere launches global contactless advice offering

HARRISON WORLEY  |  WEDNESDAY, 18 MAR 2020
... need attention, given "perhaps once-in-a-generation" buying opportunities would spring forth. "Against this backdrop, in order to create, build-up and safeguard their wealth as the world adapts to a new era, investors should be revising their portfolios ...