Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1141 - 1150 of 7106 results for "December"

Mawhinney appeals 20-year ban

ELIZABETH MCARTHUR  |  MONDAY, 11 APR 2022
... search advertising, when potential investors searched for terms such as 'bank term deposits' and 'best term deposit'. In December 2021, the court ordered Mayfair Wealth Partners to pay a $10 million penalty, M101 Holdings to pay $8 million, M101 Nominees ...

North ESG AUM boasts rapid growth

CHLOE WALKER  |  MONDAY, 11 APR 2022
... calendar year. AUM for North's ESG investment range increased by about 100% to almost $600 million over the 12 months to 31 December 2021, developing 6.5 times faster than non-ESG investments. North has now more than doubled the ESG investment options ...

Magellan suffers $1bn in outflows

ELIZABETH MCARTHUR  |  THURSDAY, 7 APR 2022
... business. In total, funds under management at Magellan dropped 39% from September 2021 to March 2022. Most notably, in December 2021 UK wealth manager St James's Place yanked a $23 billion mandate from Magellan. The latest outflows come after Hamish ...

Tax Practitioners Board adds two new members

ANDREW MCKEAN  |  WEDNESDAY, 6 APR 2022
... spent nearly 10 years with the Small Business Development Corporation (WA) and has been chair with the organisation since December 2018. Dobson was previously a police officer with the Western Australia Police Force and has held other positions in the ...

Cbus creates head of investment options role

ELIZABETH MCARTHUR  |  WEDNESDAY, 6 APR 2022
... strategies. The head of investment options position supports the internalisation of the option rebalancing process. Prior to December 2021, Cbus outsourced that function to its custodian J.P. Morgan. Internalising option rebalancing should benefit members ...

Australian Ethical, Christian Super explore merger

JAMIE WILLIAMSON  |  WEDNESDAY, 6 APR 2022
... is home to just shy of 30,000 members. At the end of 2021 it had just $2.1 billion in funds under management. In early December, Christian Super's "persistent underperformance" saw APRA tell the fund it must merge by 31 July 2022. The directive followed ...

Westpac now an open book on pay

JAMIE WILLIAMSON  |  THURSDAY, 31 MAR 2022
... confidentiality clauses in contracts. Making the announcement yesterday, Westpac said its decision actually dates back to December 2021 when confidentiality clauses were removed from all new contracts. Effective April 1, the decision to allow transparent ...

GAM loses insto mandate

JAMIE WILLIAMSON  |  THURSDAY, 31 MAR 2022
... a separate matter, the UK's Financial Conduct Authority released details of the $16 million fine it handed GAM in December 2021 for failing to adequately manage conflicts of interest as part of the misconduct that saw fixed income investment director ...

Excise tax, super top budget worries

ELIZABETH MCARTHUR  |  TUESDAY, 29 MAR 2022
... likely to be firmly on the government's agenda - with popularity possibly trumping the effectiveness of policies. In December's mid-year economic and fiscal outlook, the government allocated $16 billion to "decisions taken but not yet announced and not ...

More Diversa super products to wind up

JAMIE WILLIAMSON  |  FRIDAY, 25 MAR 2022
... products such as Brightday, MYONESUPER and Super Prophets - three sub-plans Diversa has decided to wind up. As at 31 December 2021, OneSuper had total funds under management of $1.35 billion; just $28.8 million of this was held in Brightday ($14.8m) ...