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Showing 1351 - 1360 of 7108 results for "December"

ASIC releases grandfathered arrangement findings

KARREN VERGARA  |  FRIDAY, 16 JUL 2021
... remuneration (GCR), representing 96% of the total number of products, during its review period dated between 1 July 2019 to 31 December 2020. Some 4% or 46 products however, failed to terminate GCRs prior to the deadline of 1 January 2021. These eight ...

Be ready for negative rates: APRA to ADIs

JAMIE WILLIAMSON  |  MONDAY, 12 JUL 2021
... clients, and asymmetry of information." In developing the expectation, APRA took into account industry feedback collected in December last year and international experience. When APRA questioned ADIs on their preparedness for zero or negative interest ...

Insurers dodging Royal Commission reform

ELIZABETH MCARTHUR  |  MONDAY, 12 JUL 2021
Last week, the federal government announced exemptions for the insurance industry in relation to Royal Commission reforms. According to the Consumer Action Law Centre, these exemptions allow the insurance industry to side-step the Royal Commission recommendations ...

SelfWealth to add crypto trading

ELIZABETH MCARTHUR  |  MONDAY, 12 JUL 2021
... investors independent but credible content and information," Whitaker said. The trading platform first launched US shares in December 2020. Whitaker took up the chief executive position in April 2021, joining from Mercer's parent company Marsh Mc ...

Significant drop in charitable giving

ELIZABETH MCARTHUR  |  FRIDAY, 9 JUL 2021
... due to the pandemic. The dramatic fall in giving led to an overall decrease in donations by 16% in the six months to December 2020, taking giving back five years to levels last reported in 2016. Giving peaked in February 2020 with bushfire support and ...

Outflows at Magellan

KANIKA SOOD  |  THURSDAY, 8 JUL 2021
... months, Magellan has launched its retirement product FuturePay, taken a stake in FinClear and in Barrenjoey. For the December 2020 half year, MFG reported NPAT of $202 million, up 3% from the same period in 2019. Total average FUM was $100.9 billion ...

SuperConcepts appoints chief executive

ANNABELLE DICKSON  |  WEDNESDAY, 7 JUL 2021
... permanent following the resignation of Lara Bourguignon. Grant Christensen was first appointed as interim chief executive in December after Bourguignon's departure and while SuperConcepts recruited for her replacement. Christensen was made permanent ...

Aware Super adds to board

ANNABELLE DICKSON  |  FRIDAY, 2 JUL 2021
... of the board. We've benefited greatly from her experience and acumen, and she departs with our sincere gratitude." In December 2020 Aware Super finalised the merger with WA Super, having completed its merger with VicSuper six months prior. Since then ...

Robinhood hit with record-breaking fine

KARREN VERGARA  |  THURSDAY, 1 JUL 2021
... how much buying power or negative buying power customers had. Robinhood also offered options trading to customers in December 2017 and failed to exercise due diligence before approving trades. It relied on algorithms it called "option account approval ...

360 Capital offloads E&P stake

KANIKA SOOD  |  TUESDAY, 29 JUN 2021
... offer was conditional on EP1's shares/options plan not getting through at the AGM - but the resolution passed. In December 2020, 360 raised its offer for EP1 shares by 13% to 60 cents per share. Eventually it was unsuccessful and dropped the bid ...