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Showing 1311 - 1320 of 3275 results for "April 2016"

Magellan changes board responsibilities

KANIKA SOOD  |  WEDNESDAY, 5 JUN 2019
Magellan Financial Group has made changes to board responsibilities, including a new deputy chair for the company. Hamish McLennan has been appointed as deputy chair of Magellan Financial Group, second to Hamish Douglass who is chair of the ASX-listed ...

Risk commission changes imperil advice practices

KARREN VERGARA  |  WEDNESDAY, 5 JUN 2019
As financial advisers adjust their business models to the Life Insurance Framework, many fear the Royal Commission's recommendations will further undermine the viability of their practices. This is according to ClearView's latest survey of 630 financial ...

Plato fund shuts down

KANIKA SOOD  |  TUESDAY, 4 JUN 2019
An Aussie equities fund from Plato Investment Management is shutting down following a decision from its responsible entity. The Plato Australian Shares Income Fund (Managed Risk) is set to close. It currently holds about $20 million in funds. The fund's ...

Managed accounts provider recruits portfolio manager

KARREN VERGARA  |  MONDAY, 3 JUN 2019
A managed accounts provider has hired a long-serving portfolio manager from Hyperion Asset Management. Elston Asset Management appointed Justin Woerner as a portfolio manager in April. He spent more than 14 years at Hyperion, starting out as an investment ...

CFS taps senior Qantas Super executive

KANIKA SOOD  |  MONDAY, 3 JUN 2019
Colonial First State has appointed a senior Qantas Super executive to a superannuation governance role. The institution has appointed Hugh Loughrey as the head of the office of the trustee. He moves into the role as former head of the office of the ...

Former Gold Coast adviser banned

HARRISON WORLEY  |  MONDAY, 3 JUN 2019
ASIC banned a former authorised representative of the now-defunct Austplan after clients were found to have been placed in a vulnerable financial position as a result of his advice. Gold Coast financial adviser Daniel Renneberg is banned from providing ...

Consolidation hits super fund administrators

KARREN VERGARA  |  FRIDAY, 31 MAY 2019
Two major fund administration providers are feeling the pinch of the new superannuation reforms. Link Administration told shareholders that the new Protecting Your Super Package laws will impact its earnings and operations in the 2019 financial year. ...

Chief economist update: ECB exit proves premature

BENJAMIN ONG  |  FRIDAY, 31 MAY 2019
If there's anything that's 100% certain, it is that the European Central Bank (ECB) will keep current interest rate settings unchanged - repo at 0.00%; marginal lending facility at 0.25%; deposit facility at -0.40%. Although, given the mounting ...

Chief economist update: Glass half-full or US recession on the way?

BENJAMIN ONG  |  WEDNESDAY, 29 MAY 2019
... of its dual mandate is not only half-full it's boiling over. America's unemployment rate was clocked at 3.6% in April - this is the lowest rate of joblessness in nearly five decades (December 1969) - stoking consumer confidence. The University ...

Retail clients win under new ASIC powers: Lawyers

KARREN VERGARA  |  TUESDAY, 28 MAY 2019
ASIC's new intervention powers - which ultimately aim to protect retail clients - will impose significant regulatory and compliance obligations on product issuers and manufacturers, lawyers warn. A white paper by law firm Hall & Wilcox highlights the ...