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Showing 1241 - 1250 of 4251 results for "LIC"

NSX appoints chief operating officer

KANIKA SOOD  |  MONDAY, 18 JAN 2021
The National Stock Exchange of Australia has appointed a new chief operating officer. Chan Arambewela spent over 15 years at ASX Group, during which he worked on the launch of BlackRock's iShares ETFs and ASX's mFunds service. Recently, he has been ...

Morningstar introduces new platform

KARREN VERGARA  |  FRIDAY, 15 JAN 2021
Morningstar has launched a new platform that helps advisers, traders and market analysts stay on top of market movements. Morningstar Market Monitoring provides real-time data, market insights and newsfeeds. The platform has 40 configurable web components ...

Macquarie IM the nation's largest manager

KARREN VERGARA  |  THURSDAY, 14 JAN 2021
... ($80.3bn). Overall, the exchange-traded products (ETP) segment climbed 27.2% year on year, while listed investment companies (LIC) contracted 2.2% year on year. Indexed investments surged above $500 billion after falling under this threshold in the previous ...

MLC Life appoints executive

KANIKA SOOD  |  WEDNESDAY, 13 JAN 2021
MLC Life has appointed a new chief life insurance officer, as Sean McCormack gets ready for a February 26 departure. The role is going to Michael Rogers, who has worked as QSuper's general manager for insurance while it set up its own insurer QInsure. ...

Fund manager charged with defrauding investors

ELIZA BAVIN  |  WEDNESDAY, 13 JAN 2021
A fund manager has been charged with misappropriating over US$7 million from retail investors who he had duped into believing he was an experienced and successful investment manager. The Securities and Exchange Commission in the US charged Eric Malley ...

ASIC cancels stockbroker AFSL

ANNABELLE DICKSON  |  WEDNESDAY, 13 JAN 2021
The corporate regulator has cancelled the Australian financial services licence of Halifax Investment Services nearly two years after it was placed into administration. The cancellation took effect from 8 January 2021 and allows the licence to operate ...

AMP adviser numbers shrivel

ELIZABETH MCARTHUR  |  TUESDAY, 12 JAN 2021
The number of financial advisers licensed by AMP dropped dramatically in 2020, with the institution no longer the largest AFSL in the country by number of advisers. The largest AFSL is now the SMSF Adviser Network which had 839 advisers as at 31 December ...

The barriers to limited advice: Licensees

ANNABELLE DICKSON  |  MONDAY, 11 JAN 2021
The increasing cost of delivering financial advice coupled with lack of guidance and strategy documents are the major barriers to limited advice, according to licensees. The Australian Securities and Investments Commission's (ASIC) latest consultation ...

Arowana winds up LIC

KARREN VERGARA  |  THURSDAY, 7 JAN 2021
... investment manager ACVF Management's ability to navigate through the difficult period but was still considering winding up the LIC. The board recently announced it will hold an extraordinary general meeting on February 4 to put forth resolutions ...

Challenger to buy industry-fund-owned bank

KANIKA SOOD  |  WEDNESDAY, 23 DEC 2020
Challenger will spend $35 million to buy Catholic Super's banking business, in a move that Bell Porter says could have more upside than suggested by the company this morning. Challenger and MyLife MyFinance have entered into an agreement with an expected ...