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Showing 1261 - 1270 of 6211 results for "SIX"

MMC acquires super fund administrator

KARREN VERGARA  |  MONDAY, 15 FEB 2021
... services. For SCS, Karen Waldon-White was appointed chief executive in mid-2020 after serving as general manager for over six years. MMC co-founder and managing director Tom Reiher said the significant stake made in IFAA last year was intended to be ...

Banks return $1.2bn for bad advice

ELIZA BAVIN  |  FRIDAY, 12 FEB 2021
Six of Australia's largest banks have paid or offered a total of $1.24 billion in compensation to customers, according to new ASIC figures. The funds have been returned to customers who suffered loss or detriment due to fees for no service misconduct ...

Ponzi schemer succeeds at appeal

ELIZABETH MCARTHUR  |  FRIDAY, 12 FEB 2021
... counts of obtaining financial advantage by deception overturned at the Victorian Court of Criminal Appeal, but the court upheld six counts of the same charge. The court of appeal found that evidence from two witnesses should not have been admitted at ...

Magellan performance fees dip 70%

KANIKA SOOD  |  THURSDAY, 11 FEB 2021
... in its net profits, despite a 70% drop in performance fees and a stronger Australian dollar. Net profit after tax for the six months ending December 2020 was $202 million, up 3% from the same period in 2019. Total average FUM was $100.9 billion (9% higher) ...

ASX profits slide, names chair

ANNABELLE DICKSON  |  THURSDAY, 11 FEB 2021
... retirement of its incumbent. Net profit after tax dropped 3.4% to $241.8 million and net interest income down 39.5% over the six months to December both due to low interest rates. Revenue increased 3.4% to $470.5 million and expenses rose 8.2% to $151.4 ...

Rest extends State Street relationship

KANIKA SOOD  |  WEDNESDAY, 10 FEB 2021
The $59 billion industry fund has mandated its custodian State Street to streamline operations in its investment portfolio. Rest will implement Charles River Development Investment Management Solution (IMS) for in-house investments and 'whole-of-fund' ...

Ethical fund awards registry mandate

ANNABELLE DICKSON  |  WEDNESDAY, 10 FEB 2021
... and delivering competitive returns in an ethical and sustainable way." U Ethical was established in 1985 and currently had six wholesale funds on offer and three retail including the Funeral Fund which allows investors to invest for their funeral expenses ...

Ian Macoun sells $83m of Pinnacle shares

KANIKA SOOD  |  TUESDAY, 9 FEB 2021
... 9.8% of the total issued capital. Pinnacle said Macoun has committed to not sell any of his remaining PNI shares in the next six months or until after FY21 results. He has also committed to staying in the role at least until 2023, according to Pinnacle ...

No tech bubble: BlackRock

ELIZABETH MCARTHUR  |  TUESDAY, 9 FEB 2021
... obviously stretched, as we expect low interest rates and a vaccine-led economic restart to support risk assets over the next six to 12 months," the researchers said. "We also see sector-specific drivers for growth. The pandemic has made the case for ...

ASIC suspends RE licence

KARREN VERGARA  |  MONDAY, 8 FEB 2021
... obligations. The licence of Queensland-based financial services provider Investors Exchange Limited (IEL) has been suspended for six weeks, effective January 15. IEL is the responsible entity of Investors Exchange Fund, a property fund, and Investors ...

Editor's Choice

Global X awards mandate for ETF business

ELIZA BAVIN
Global X has awarded a new custody and administration mandate for its Australian ETF business.

Bell Asset Management launches small-caps fund

KARREN VERGARA
Bell Asset Management has formally launched its Australian Small Companies Fund, which is run by former Tyndall Asset Management portfolio managers.

Former Australian Ethical finance chief lands new gig

MATTHEW WAI
The former chief financial officer of the ethical investment manager has joined a local finance company after wrapping up his tenure at AUB Group.

MySuper assets pursue $1.5tn Choice sector

KARREN VERGARA
MySuper assets are fast catching up to the $1.5 trillion Choice sector, hitting nearly $1.2 trillion in the March quarter.

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