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Showing 1151 - 1160 of 3550 results for "October 2005"

ANZ completes OnePath sale to IOOF

ELIZABETH MCARTHUR  |  MONDAY, 3 FEB 2020
ANZ completed its sale of OnePath Pensions & Investments to IOOF for a renegotiated price of $850 million. The final sale price was $850 million, including the $25 million that ANZ received for the sale its aligned dealer groups in 2018. It was a renegotiated ...

ASIC bans former Godfrey Pembroke adviser

HARRISON WORLEY  |  THURSDAY, 30 JAN 2020
A financial adviser who recommended his clients invest in a start-up company which crumbled a year later has been banned from the financial services industry for six years. Adelaide-based financial adviser Adrian John Cassidy has been banned from providing ...

Chief economist update: Turn the beat around

BENJAMIN ONG  |  THURSDAY, 30 JAN 2020
The stats are out and they reveal that Australia's inflation genie is still inside Aladdin's lamp. The Australian Bureau of Statistics' (ABS) consumer price index report showed headline inflation inched to 1.8% in the year to the December ...

UK regulator fined for pension failure

HARRISON WORLEY  |  TUESDAY, 28 JAN 2020
The UK's financial conduct regulator has been hit with a fine for failing to comply with requirements to include sufficient information in a chair's statement to members of its staff pension plan. The Financial Conduct Authority (FCA) has been ...

SMSF platform makes $25m acquisition

ALLY SELBY  |  TUESDAY, 28 JAN 2020
An ASX-listed SMSF technology platform has dropped $25 million on its first acquisition, in a bid to reinforce its position as a technology leader. Class will acquire all of the shares in corporate compliance and documentation platform NowInfinity by ...

Chief economist update: Coronavirus has gone viral

BENJAMIN ONG  |  TUESDAY, 28 JAN 2020
It's gone viral! The coronavirus that is, and it is sending shivers in equity markets around the world, from New York to Rio and ol' London town. The financial markets' fear is palpable. The VIX index - the "fear gauge" - jumped to reading ...

Fraudulent adviser cops ban, jail time

ELIZABETH MCARTHUR  |  FRIDAY, 24 JAN 2020
A financial adviser from the NSW town of Valentine has been permanently banned for making false statements to clients and misappropriating funds. Nicholas Ellis was sentenced to three years in prison in October last year but has only now been permanently ...

Meet the Sydney boutique beating Magellan's returns

KANIKA SOOD  |  FRIDAY, 24 JAN 2020
A Sydney boutique started by a former Evans and Partners investor outperformed all its peers last year and it's not afraid of disclosing its stock picks. Aoris Investment Management was set up in 2017 by Stephen Arnold and runs just one fund, which ...

Former Wells Fargo chief banned for life

ALLY SELBY  |  FRIDAY, 24 JAN 2020
Former Wells Fargo chief executive John Stumpf has been banned from the banking industry and will cough up US$17.5 million for his role in the fake accounts scandal that has continued to rock the world's fourth largest bank since 2016. The Office of ...

Chief economist update: Australians all let's not rejoice

BENJAMIN ONG  |  THURSDAY, 23 JAN 2020
"I'm walking on sunshine (Wow!) I'm walking on sunshine (Wow!) I'm walking on sunshine (Wow!) And don't it feel good." Sadly, Australians are not singing and dancing to this upbeat classic by Katrina and the Waves. The Westpac/Melbourne ...