Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1361 - 1370 of 6248 results for "December 2002"

Praemium sees benefits of scale

ELIZA BAVIN  |  WEDNESDAY, 13 JAN 2021
Praemium saw a sharp rise in the December quarter as a result of its acquisition of Powerwrap, showcasing the benefit of increased scale. The platform saw a 69% increase year-on-year in global funds under administration (FUA), lifting the business to ...

ASIC cancels stockbroker AFSL

ANNABELLE DICKSON  |  WEDNESDAY, 13 JAN 2021
The corporate regulator has cancelled the Australian financial services licence of Halifax Investment Services nearly two years after it was placed into administration. The cancellation took effect from 8 January 2021 and allows the licence to operate ...

Chief economist update: COVID with a vengeance

BENJAMIN ONG  |  WEDNESDAY, 13 JAN 2021
Brexit is over. But even before the UK and the EU shook hands on the post-Brexit trade and cooperation pact on 24 December 2020 and before the ink on the signatures of European Commission President Ursula von der Leyen, European Council President Charles ...

AustralianSuper breached member's privacy: Regulator

KANIKA SOOD  |  TUESDAY, 12 JAN 2021
The $180 billion superannuation fund has been ordered to audit certain procedures, after a member's complaint to a federal regulator found the fund interfered with their privacy. The Office of the Australian Information Commissioner (OAIC) on December  ...

Sydney boutique hires former Franklin PM

KANIKA SOOD  |  TUESDAY, 12 JAN 2021
Nanuk Asset Management has expanded its team, hiring a former Franklin Templeton portfolio manager. Peter Wilmshurst will join Nanuk this month. Wilmshurst spent the last 20 years in the Templeton Global Equity Group, working across Bahamas, Fort Lauderdale ...

AMP adviser numbers shrivel

ELIZABETH MCARTHUR  |  TUESDAY, 12 JAN 2021
The number of financial advisers licensed by AMP dropped dramatically in 2020, with the institution no longer the largest AFSL in the country by number of advisers. The largest AFSL is now the SMSF Adviser Network which had 839 advisers as at 31 December  ...

Milliman practice lead resigns

KARREN VERGARA  |  TUESDAY, 12 JAN 2021
The long-serving practice lead for Milliman has left after more than 16 years with the firm. Wade Matterson's tenure at the consultancy firm ended in December 2020, which for the most part was spent as practice leader. He joined Milliman in November ...

Chief economist update: The virus, the vaccine, the variant

BENJAMIN ONG  |  TUESDAY, 12 JAN 2021
"Just when you thought it was safe to go back in the water." - Jaws About this time last year, the world was alerted - but only mildly alarmed - at yet another SARS-like disease spreading in Wuhan, China (the first confirmed case reported on December  ...

Tasplan says goodbye to lifecycle MySuper

KANIKA SOOD  |  MONDAY, 11 JAN 2021
After four years of offering its MySuper option as a lifecycle product, Tasplan plans to switch back to single strategy citing higher costs among the reasons. The $11.5 billion superannuation fund is set for a merger with the $12.6 billion MTAA Super ...

Chief economist update: No pandemic on Wall Street

BENJAMIN ONG  |  MONDAY, 11 JAN 2021
Pandemic? What pandemic? The S&P500 index the Dow Jones Industrial Average closed 2020 at record highs despite the US topping the list of countries with most total cases of coronavirus infections (21.3 million or roughly 25% of the world's total) ...