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Showing 1171 - 1180 of 14262 results for "Bec"

Data concerns land Fiducian with additional licence conditions

JAMIE WILLIAMSON  |  TUESDAY, 16 JUL 2024
Fiducian Portfolio Services has been slapped with additional licence conditions by APRA, as the regulator looks to address concerns ahead of the annual performance test. APRA said it identified issues with the accuracy and completeness of data submitted ...

ANZ, Westpac 'the cheapest majors': Morningstar

ANDREW MCKEAN  |  MONDAY, 15 JUL 2024
ANZ Group and Westpac have been identified as the cheapest major banks in an "overvalued sector," while Commonwealth Bank was deemed expensive by new Morningstar research. Morningstar senior equity analyst Nathan Zaia said that the valuation divergence ...

Highest paid ASX 200 chief executives revealed

ANDREW MCKEAN  |  FRIDAY, 12 JUL 2024
The Australian Council of Superannuation Investors (ACSI) has disclosed the highest paid ASX 200 chief executives based on realised pay, which includes the value of cash and equity received. ResMed chief executive Mick Farrell topped the list with a ...

Bitcoin ETF price war: VanEck, Monochrome cut costs

ANDREW MCKEAN  |  FRIDAY, 12 JUL 2024
VanEck has cut the management fee for its Bitcoin ETF (ASX: VBTC) to 0.49% per annum, just days after Monochrome Asset Management made a change. The ETF provider said the decision followed more than $18 million flowing into the fund since its launch ...

Magellan fund to launch as active ETF

KARREN VERGARA  |  FRIDAY, 12 JUL 2024
Magellan's Global Fund (MGF) has converted to an open-class structure that will soon trade as an active exchange-traded fund (ETF) on the ASX. On July 10, the New South Wales Supreme Court approved to convert the fund from a closed-class unit to ...

ASIC delivered court win over Firstmac DDO failure

JAMIE WILLIAMSON  |  THURSDAY, 11 JUL 2024
ASIC won its first Federal Court action in relation to breaches of design and distribution provisions against non-bank lender and investment manager Firstmac over a cross-selling strategy for investment products. The Federal Court found yesterday that ...

Insignia Financial overhauls operating model, executive team

JAMIE WILLIAMSON  |  THURSDAY, 11 JUL 2024
Just a day after denying it has engaged Citi to consider takeover offers, Insignia Financial has overhauled its entire operating model and executive lineup. Insignia Financial is moving away from its current functional operating model and introducing ...

Government lifts funding to preserve banking in the Pacific

ANDREW MCKEAN  |  WEDNESDAY, 10 JUL 2024
The government will inject an additional $6.3 million to curb the rapid withdrawal of banking services in the Pacific. The funding includes $2.9 million to the World Bank for developing digital identity infrastructure across Pacific Island countries ...

Adviser permanently banned for faking qualifications

JAMIE WILLIAMSON  |  TUESDAY, 9 JUL 2024
A Western Australian financial adviser was permanently banned after he lied to his employer and clients about having passed the Financial Adviser Exam. Dashiel Benjo Vee, also known as Dash Vee, is banned from providing financial services, controlling ...

Spaceship returns 19.41% to super members

JAMIE WILLIAMSON  |  TUESDAY, 9 JUL 2024
Spaceship's superannuation offerings have delivered some of the best results seen so far, with its flagship product returning almost 20% while the other achieved close to 17%. The GrowthX investment option, first launched in January 2017, returned 19.41% ...