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Showing 1131 - 1140 of 3209 results for "Power"

Colonial First State cuts fees, closes legacy options

KANIKA SOOD  |  TUESDAY, 3 MAR 2020
... December. So far, it has cut fees for 770,000 members, it said today. CFS general manager of marketing and product Kelly Power said: "This is a great outcome for our members - we know lowering fees will benefit retirement saving outcomes." "However ...

Gender diversity remains static, women still disadvantaged

ALLY SELBY  |  TUESDAY, 3 MAR 2020
The state of play for women in financial services remains dramatically disadvantaged. According to Morningstar's latest report on Women in Investing, gender diversity in funds management hasn't changed over the past two decades. "When it comes to gender ...

Chief economist update: The C word

BENJAMIN ONG  |  TUESDAY, 3 MAR 2020
... coordinated as possible" in order to be effective, Le Maire said on France 2 television. "There will be concerted action." The power of the equity markets at its best! Sure, individual country central banks and fiscal authorities have been acting/giving ...

Raiz cuts AET amid Sargon saga

ALLY SELBY  |  MONDAY, 2 MAR 2020
The board of investment platform Raiz has replaced Australian Executors Trustees (AET) as its independent custodian, in what comes as the latest development in the Sargon saga. Raiz has appointed Perpetual Corporate Trust as its new independent custodian ...

Unsatisfied HESTA members head for exit

ELIZABETH MCARTHUR  |  THURSDAY, 27 FEB 2020
... "They said they think if they take money out of fossil fuel someone else will invest in those companies, but we think the power of divestment is stigmatisation," Lardner said. "We went back and forth on that issue and Mary Delahunty said that while we ...

Remain liquid, defensive and patient: Schroders

ELIZA BAVIN  |  WEDNESDAY, 26 FEB 2020
... intervention now unanimous with the US Federal Reserve reversing course. "The RBA, ECB and Fed are all on the same page. The power remains in their hands and markets remain complacent around some of the challenges," Kase said. "Before the coronavirus ...

Wells Fargo coughs up $4.5 billion

ALLY SELBY  |  MONDAY, 24 FEB 2020
Wells Fargo will fork out $4.5 billion to resolve the fake account scandal that has continued to rattle the world's fourth largest bank since 2016. The $4.5 billion (US$3 billion) settlement with the Securities and Exchange Commission (SEC) and ...

ATO cracks down on SMSFs

ELIZABETH MCARTHUR  |  FRIDAY, 21 FEB 2020
Delegates to the SMSF Association's annual conference have heard of the uptick in enforcements against SMSFs this financial year. Speaking at the conference, ATO assistant commissioner - SMSF Segment Dana Fleming said that in the financial year ...

Franklin Templeton to acquire Legg Mason

JAMIE WILLIAMSON  |  WEDNESDAY, 19 FEB 2020
Franklin Resources, trading as Franklin Templeton, has entered into a $6.7 billion agreement to acquire Legg Mason, creating a $2.24 trillion investment powerhouse. Under the agreement, which was unanimously approved by both boards, Franklin Templeton ...

JP Morgan appoints two Aussie leads

ALLY SELBY  |  TUESDAY, 18 FEB 2020
JP Morgan has appointed not one, but two co-heads to lead the firm's investment banking business down under. Jabe Jerram and Simon Ranson have been appointed as co-heads of JP Morgan's investment banking coverage. A JP Morgan spokesperson said the appointments ...