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Showing 13211 - 13220 of 28311 results for "NOT"

ASIC cancels AFSL of global firm

KERRIE SYDEE  |  THURSDAY, 18 AUG 2016
... licence of an international financial services firm. Marigold Falconer International had its AFSL cancelled after ASIC was not satisfied that it could obtain insurance cover for the services it was authorised to provide, which included providing financial ...

Wilson Group's new MD begins role

ALEX BURKE  |  THURSDAY, 18 AUG 2016
... managing director. Wilson Group owns a roughly 75% stake in Pinnacle; while Macoun becomes MD with immediate effect, he will not be appointed to Wilson's board until the group acquires the remaining 25% in the company. Prior to Pinnacle, Macoun was managing ...

Economic Wrap

BENJAMIN ONG  |  THURSDAY, 18 AUG 2016
Australia leading index The Westpac-Melbourne Institute Leading Index of Economic Activity inched up by 0.1% in July, partially reversing the previous month's 0.2% fall. More important, the six-month annualised growth rate in the index - indicating ...

Link considers Pillar bid

DARREN SNYDER  |  WEDNESDAY, 17 AUG 2016
... the administrator's continued presence in Illawarra. Berejiklian has previously said ongoing public ownership of Pillar is not in the interests of NSW taxpayers or Pillar's clients in a competitive market. Aside from the sale process, Pillar is undertaking ...

UK IFAs increasingly outsourcing to DFMs

KERRIE SYDEE  |  WEDNESDAY, 17 AUG 2016
... invest more than 80% of their assets in third party funds, a further 24% invest 100% in third party funds and only 10% do not invest in third party funds. Interestingly every DFM that responded to Cerulli's 2016 survey reported an investment in passive ...

Investors missing healthy returns amid bond fears

MARK SMITH  |  WEDNESDAY, 17 AUG 2016
... dazzled by the headlines. In my career I never thought people would be fearful of bonds. The reasons for holding bonds have not changed. The ways managers make money in bond markets have not changed. The diversifying role that fixed income plays in a ...

Investors must be ready for grey swans

KERRIE SYDEE  |  WEDNESDAY, 17 AUG 2016
... grey swan events are more frequent and to a certain extent can be anticipated. However anticipation of their arrival does not diminish the impact on the valuation of a security or the health of the overall market if they do occur. "In the current market ...

ASIC bans ex-Macquarie Equities trader

ALEX BURKE  |  WEDNESDAY, 17 AUG 2016
... had convinced clients he was authorised by Macquarie Equities to operate discretionary trading accounts even when this was not the case; in these instances he also created false records of advice. ASIC commissioner Peter Kell said: "Investors should ...

Industry fund inks MetLife mandate

DARREN SNYDER  |  TUESDAY, 16 AUG 2016
... problems and wilful misconduct. If we do, we will put things right," the statement said. "What we have seen in media reports does not reflect the values of our people or our business. In 2015, CommInsure paid more than $850 million of life and income ...

PSK completes acquisition of Sydney firm

KERRIE SYDEE  |  TUESDAY, 16 AUG 2016
... help protect their clients' assets. "Joining PSK will give our clients access to a number of areas that they previously have not had direct access to, including taxation and corporate advisory services, property advisory and management services along ...