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Showing 1331 - 1340 of 3031 results for "February 2016"

ASIC strips Melbourne firm of AFSL

KANIKA SOOD  |  MONDAY, 3 DEC 2018
The corporate regulator has cancelled the AFSL of a Melbourne-based firm that previously copped a $9 million fine for offering personal loans with the proviso customers implement financial advice from the firm. Financial Circle's Australian financial ...

New MD for AMP Capital NZ

KARREN VERGARA  |  MONDAY, 3 DEC 2018
AMP Capital announced a new managing director will lead its New Zealand subsidiary in the New Year. A new global head of fixed income has also been appointed. Bevan Graham will be the New Zealand managing director and chief economist from 1 January ...

Fiducian acquires Perth financial planning firm

KANIKA SOOD  |  MONDAY, 3 DEC 2018
The ASX-listed wealth and advice business is acquiring a Perth-based financial planning business that advises about $73 million of client money. Fiducian Group is spending $1.66 million on the acquisition component of the deal, funded from cash. Once ...

Chief economist update: RBA more likely to cut

BENJAMIN ONG  |  MONDAY, 3 DEC 2018
The Reserve Bank of Australia (RBA) painted an optimistic picture of the global and domestic economies when it held its policy meeting last month (6 November) before concluding that "...the stance of monetary policy unchanged at this meeting would be ...

Royal Commission: And that is a wrap

KANIKA SOOD  |  FRIDAY, 30 NOV 2018
The public were provided a glimpse into the tireless work of the financial services Royal Commission as Commissioner Kenneth Hayne and counsel assisting Rowena Orr made closing remarks this afternoon. The final day's hearings adjourned at 1.15pm and ...

SuperConcepts chief resigns

KARREN VERGARA  |  FRIDAY, 30 NOV 2018
SuperConcepts chief executive Natasha Fenech announced she will step down in May 2019 after five years in the role. Fenech said she will take on another opportunity at a financial services firm as chief executive outside of the SMSF sector, but didn't ...

Rest restructures senior management

KARREN VERGARA  |  THURSDAY, 29 NOV 2018
Rest announced several changes to its senior leadership team including five positions being made redundant and the creation of two new executive roles. A spokesperson confirmed the following positions have been made redundant: general manager of customer ...

Mercer creates portfolio management lead role

KARREN VERGARA  |  THURSDAY, 29 NOV 2018
Mercer is growing its Australian senior leadership team with the creation of a new portfolio management head. It also announced the retirement of its chief market strategist. Ronan McCabe will join as head of portfolio management commencing February  ...

Miscalculations delay remediation, more issues emerge: AMP

JAMIE WILLIAMSON  |  WEDNESDAY, 28 NOV 2018
AMP has issued a clarifying statement following interim chief executive Mike Wilkins' testimony to the Royal Commission that the fees-for-no-service issue was initially expected to cost $1.2 billion and take nine years to remedy. He also flagged ...

Court fines stockbroker $350k

KARREN VERGARA  |  THURSDAY, 22 NOV 2018
The Federal Court has ordered a stockbroking firm to pay a $350,000 penalty for failing to comply with Market Integrity Rules. In early March 2011, State One Stockbroking placed 19 bids on behalf of a client when it should have reasonably suspected ...