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Showing 1341 - 1350 of 7092 results for "June 2011"

Aware Super, MIRA acquisition progresses

ANNABELLE DICKSON  |  MONDAY, 21 JUN 2021
The Foreign Investments Review Board (FIRB) has approved the $4.6 billion acquisition of Vocus by a consortium made up of Aware Super and Macquarie Infrastructure and Real Assets (MIRA). The consortium's bid values Vocus at $5.50 per share, which is ...

AFCA names human resources lead from ME Bank

KARREN VERGARA  |  FRIDAY, 18 JUN 2021
The Australian Financial Complaints Authority (AFCA) has appointed a human resources lead, who is currently an executive at ME Bank. Paul Kearney joins AFCA as executive general manager of people and culture on July 5. Kearney has been ME Bank's general ...

AAT dismisses adviser ban appeal

KARREN VERGARA  |  THURSDAY, 17 JUN 2021
A former RI Advice Group financial adviser's appeal to overturn his permanent banning order has been dismissed by the appeals tribunal. Robert Hutchison was permanently banned from the industry in 2017 after an ASIC investigation found that he funneled ...

Chief economist update: The (dot) plot thickens

BENJAMIN ONG  |  THURSDAY, 17 JUN 2021
The Fed has spoken and Wall Street didn't like what it heard and saw (in the dot plots). US equities painted the board red, with all benchmark indices closing on the down low, while yields on 10-year US Treasuries went on the up and up. This is ...

ASIC releases ongoing fee obligations guidance

KARREN VERGARA  |  WEDNESDAY, 16 JUN 2021
The corporate regulator is providing more guidance to financial advisers to help them prepare for their upcoming ongoing fee obligations, due to take effect in less than two weeks. ASIC's Information Sheet (INFO 256) outlines the burning questions advisers ...

Chief economist update: Anchoring the recovery

BENJAMIN ONG  |  TUESDAY, 15 JUN 2021
"We have to take the economy through the pandemic and into a recovery phase, which has now started. We need to really anchor the recovery. We always talk about inflation anchoring and we are not oblivious to that. But the recovery needs to be firm ...

Advisers win annual renew law relief

KARREN VERGARA  |  FRIDAY, 11 JUN 2021
The federal government will introduce a carve out to help financial advisers to meet their ongoing fee disclosure obligations. Senator Jane Hume announced this evening that advisers will have 60 days to provide clients an estimate of fees they will ...

Fidelity changes up global equities team

KANIKA SOOD  |  FRIDAY, 11 JUN 2021
Fidelity Investments' lead portfolio manager for global equities strategies has resigned. Amit Lodha will cede portfolio management responsibilities for funds including the Fidelity Global Equities fund, which is offered to Australian investors ...

Chief economist update: US inflation may not be as transitory as the Fed believes

BENJAMIN ONG  |  FRIDAY, 11 JUN 2021
We really do see what we want to see and hear what we want to hear... and rationalise accordingly. How else does one explain the US equity market's opposing reaction to the two most important indicators the Fed watches in determining its next policy ...

AMP Capital announces new chief executive

ELIZABETH MCARTHUR  |  FRIDAY, 11 JUN 2021
AMP Capital has announced a new chief executive, replacing Boe Pahari who stepped down in August last year. Shawn Johnson has landed the top job. He was previously senior managing director and chairman of the investment committee of State Street Global ...