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Showing 1171 - 1180 of 3227 results for "April 2012"

Janus Henderson shuts down Aussie fund

KANIKA SOOD  |  FRIDAY, 10 JAN 2020
Janus Henderson Investors has shut down the $159 million Australian version of its global emerging market equities fund, returning capital to investors. The Australian fund was officially terminated on October 31 and the windup concluded a month after. ...

Gold lifts as US, Iran tensions escalate

ALLY SELBY  |  TUESDAY, 7 JAN 2020
Fears of escalating tensions between the US and Iran have sent gold skyrocketing to an almost seven-year high, with investors turning to bullion, mining shares and gold-backed ETFs to safeguard their wealth. Fuel was added to gold's fire after US ...

Consultation opens for design, distribution guidance

HARRISON WORLEY  |  FRIDAY, 20 DEC 2019
The financial services industry has just over three months to influence ASIC's guidance on the new design and distribution obligations. ASIC has opened consultation on draft guidance for the new design and distribution obligation laws, which are set ...

Westpac to pay $9.5m for Corps Act breaches

JAMIE WILLIAMSON  |  THURSDAY, 19 DEC 2019
Westpac has been ordered by the Federal Court of Australia to pay $9.15 million over poor financial advice provided by just one former adviser. The court case relates to poor financial advice provided by Sudhir Sinha which breached the best interest ...

What you read in 2019: Financial advice

JAMIE WILLIAMSON  |  THURSDAY, 19 DEC 2019
There wasn't a dull day to be had in Australia's financial advice industry in 2019, but unfortunately it was rarely a good thing. We are bidding farewell to the year that is likely to be remembered as one financial advisers would rather forget. ...

Cost savings, RC boost digital advice

JAMIE WILLIAMSON  |  MONDAY, 16 DEC 2019
One of the largest providers of SOAs has seen a significant rise in users, with the cost of super and pension investments dropping by up to 10 basis points on the back of digital advice. The Sargon Decimal annual Digital Insights report shows that between ...

ASIC launches action against AFSL, director

ELIZA BAVIN  |  WEDNESDAY, 11 DEC 2019
ASIC has commenced action in the Federal Court in Western Australia focused on the promotion and management of the Sterling Income Trust. The regulator said the action is against Theta Asset Management, an Australian financial services licensee and ...

Integration of super advice business completes

ELIZABETH MCARTHUR  |  WEDNESDAY, 11 DEC 2019
The integration of StatePlus into $77 billion industry fund First State Super is being tied up. The ASIC Financial Adviser Register showed hundreds of StatePlus financial advisers as 'ceased' earlier this week. This was an administrative action as StatePlus ...

IOOF, ANZ transaction gets green light

ELIZA BAVIN  |  TUESDAY, 10 DEC 2019
APRA has approved IOOF's application to purchase ANZ's superannuation business. The decision to allow the purchase of OnePath Custodians and Oasis Funds Management comes from APRA after it was granted the legislative power to approve or refuse an application ...

Chief economist update: Eurozone negative rates a failure?

BENJAMIN ONG  |  TUESDAY, 10 DEC 2019
"Give me a one-handed economist. All my economists say 'on one hand...', then 'but on the other..." - Harry Truman The AFR recently published an opinion piece from Kate Samranvedhya - a Bachelor of Science in Economics graduate from Massachusetts ...