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Showing 111 - 120 of 2624 results for "August 2013"

Chief distribution officer leaves Praemium

CHLOE WALKER  |  TUESDAY, 23 MAY 2023
After seven years, Martin Morris stepped down from his role of chief distribution officer at Praemium. Morris, who announced his departure on LinkedIn, will serve a precursory three months' gardening leave until mid-August. In a statement, Praemium ...

Nuveen wins $190m super mandate

KARREN VERGARA  |  MONDAY, 22 MAY 2023
Nuveen has secured a mandate from four superannuation funds to invest $190 million across alternative office assets located in the US. Cbus Super, Hostplus, TWUSUPER and another undisclosed super fund have invested in Nuveen's US Cities Workplace Fund ...

AMP fined $24m for charging deceased customers

KARREN VERGARA  |  FRIDAY, 19 MAY 2023
The Federal Court found AMP guilty of charging deceased customers life insurance premiums and advice fees, ordering it to pay $24 million in penalties. Justice Hespe today determined that four AMP subsidiaries - AMP Life, AMP Financial Planning, AMP ...

Lumiant, Invest Blue build digital advice platform

CASSANDRA BALDINI  |  MONDAY, 15 MAY 2023
Invest Blue will provide Lumiant with $2 million in seed capital to develop a digital platform to boost client engagement. Under the strategic partnership, Invest Blue managing director David Stephen will be added to the Lumiant board as the advice ...

GAM shareholders challenge acquisition

JAMIE WILLIAMSON  |  THURSDAY, 11 MAY 2023
An investor group that controls 8.4% of Swiss fund manager GAM is challenging its proposed acquisition by Liontrust Asset Management. Last week, GAM announced it had agreed to be taken over by Liontrust, in a deal that would create a $100 billion fund ...

ASIC, APRA reviewer deprioritised by government

JAMIE WILLIAMSON  |  WEDNESDAY, 10 MAY 2023
Only two years on from its creation, the government is cutting the Financial Regulator Assessment Authority's funding, in a move that will see it only review the activities of ASIC and APRA every five years. The Authority, which commenced 1 July 2021 ...

abrdn chief economist rejoins Reserve Bank

ELIZABETH FRY  |  MONDAY, 8 MAY 2023
Jeremy Lawson has rejoined Australia's central bank after working as abrdn's chief economist for 10 years. Lawson has been appointed deputy head of the international department at the Reserve Bank of Australia (RBA), effective August 1. He began ...

Former adviser jailed for six years

JAMIE WILLIAMSON  |  WEDNESDAY, 26 APR 2023
A former financial adviser was sentenced to six years behind bars for committing a $650,000 fraud, using clients' SMSF savings to pay off his personal debts. Appearing before the Maroochydore District Court, former adviser Brett Gordon faced nine counts ...

Lonsec nabs Franklin Templeton sales director

CHLOE WALKER  |  MONDAY, 24 APR 2023
Marc Hraiki will join the Lonsec team as its first executive director, adviser sales and service. Hraiki's appointment to the newly created role follows the acquisition of Implemented Portfolios in August last year and the subsequent restructure of ...

High Court rejects Mayfair 101 plea

JAMIE WILLIAMSON  |  MONDAY, 24 APR 2023
Mayfair 101's James Mawhinney has seen his High Court appeal rejected, allowing ASIC's case against him to be retried in the Federal Court. In October 2022, the Full Federal Court ordered a retrial after it found ASIC's original case against Mawhinney ...