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Showing 1201 - 1210 of 5238 results for "Money101"

Super fund execs accused of quasi-insider trading

ELIZABETH MCARTHUR  |  MONDAY, 26 OCT 2020
Liberal MP Tim Wilson has accused executives at super funds of switching options during recent market volatility, in behaviour he likened to insider trading. During questioning of ASIC and APRA at the Standing Committee on Economics, Wilson suggested ...

Westpac hit with $1.2bn of losses

KARREN VERGARA  |  MONDAY, 26 OCT 2020
Westpac will be hit with $1.2 billion worth of losses mostly driven by its life insurance business and AUSTRAC penalties. The bank flagged the massive loss ahead of releasing its full year 2020 results on November 2. Goodwill and intangibles associated ...

Chief economist update: The UK's new plan... after two plans

BENJAMIN ONG  |  FRIDAY, 23 OCT 2020
Multiplying rates of coronavirus infections forced the UK government to impose strict lockdown measures, giving "bobbies" power to fine people leaving their homes for "non-essential" reasons on March 23. These restrictions were then gradually eased ...

Alex Waislitz fails to block OneVue acquisition

KANIKA SOOD  |  THURSDAY, 22 OCT 2020
OneVue shareholders approved Iress' offer yesterday. Alex Waislitz will still walk away with $22 million, while Connie McKeage's family investment vehicle will see a $15 million payday. Yesterday's poll was to approve Iress's revised ...

AustralianSuper backs cobalt miner

KANIKA SOOD  |  WEDNESDAY, 21 OCT 2020
The industry fund was a cornerstone investor in an ASX-listed mining stock's $45 million equity raise. AustralianSuper invested $18.5 million in Jervois Mining, representing nearly 40% of the total raise. It bought at 20.5 cents per JRV share, which ...

Societe Generale fined over client breaches

ANNABELLE DICKSON  |  WEDNESDAY, 21 OCT 2020
The French bank's Sydney operation has become the second company in Australia in as many months to be criminally prosecuted over breaching client money obligations. Societe Generale pleaded guilty to four counts of client money obligation breaches in ...

Magellan chief backs health startup

KANIKA SOOD  |  TUESDAY, 20 OCT 2020
When it comes to investing his own money, Magellan's chief executive Brett Cairns likes to go back to his roots in science. Cairns was paid $1.5 million in FY20, not including variable remuneration of $772,500, which he was eligible for but waived. ...

American manager eyes local market

KANIKA SOOD  |  MONDAY, 19 OCT 2020
An American manager has partnered with local distributor Brookvine to pitch its flagship systematic global macro strategy. Welton Investment Partners is 15-year-old quantitative investor that manages money for institutional, endowment and private investors ...

Self-licensing on the horizon

KARREN VERGARA  |  MONDAY, 19 OCT 2020
Consolidation in the financial advice industry is leading to a second wave of advisers leaving big institutions and potentially taking the self-licensing path. This is according to Centrepoint Alliance group executive of advice Paul Cullen, who said ...

Derivatives issuer cops $75m penalty

ELIZA BAVIN  |  MONDAY, 19 OCT 2020
The Federal Court has imposed a $75 million penalty on OTC derivative issuer AGM Markets and former authorised representatives OT Markets and Ozifin. AGM was ordered to pay $35 million, while OTM and Ozfin have each been ordered to pay $20 million. ...