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Showing 121 - 130 of 470 results for "LEI"

APRA spells out unlisted asset valuation standards

ANNABELLE DICKSON  |  THURSDAY, 6 AUG 2020
APRA has been forced to clarify the standards it holds for superannuation trustees when valuing unlisted assets. It comes as the market downturn as a result of the pandemic and the Early Release of Superannuation Scheme (ERS) has led to industry concerns ...

Lazard dumps AMP shares

ELIZABETH MCARTHUR  |  TUESDAY, 4 AUG 2020
In a notice to the ASX, AMP said Lazard Asset Management has ceased being a substantial holder in the company. On June 30, Lazard sold more than 17 million shares in AMP worth over $29 million. In Lazard's June fund updates, AMP was among the top five ...

Regtech adds to advisory board

ALLY SELBY  |  MONDAY, 13 JUL 2020
Australian regtech company Asendium has made two new advisory board appointments, which it says will help prepare the company for expansion into the US, UK, Canadian and European markets. Former AMP director of technology Giovanni De Angelis and corporate ...

LEI registrations double

ELIZA BAVIN  |  FRIDAY, 3 JUL 2020
Despite the ongoing impact of the COVID-19 pandemic, Legal Entity Identifier (LEI) registrations doubled in 2019/20, according to APIR Systems. APIR chief executive Chris Donohoe said in response to the increased demand APIR announced it was launching ...

AMP approved product list under fire

ELIZABETH MCARTHUR  |  WEDNESDAY, 1 JUL 2020
The approved product lists AMP financial advisers are beholden to have come under fire from the House of Representatives Standing Committee on Economics. Labor MP Andrew Leigh questioned AMP chief executive Francesco De Ferrari on how the institution ...

Chief economist update: US labour market turns V-shaped

BENJAMIN ONG  |  TUESDAY, 9 JUN 2020
This US stock market rally is brought to you by the letter V. The much better than expected US non-farm payrolls report sent Wall Street on the up and up - the S&P 500 gained 2.6% on the day (4.9% on the week); the DJIA rose by 3.2% (6.8%); the Nasdaq ...

Asgard, Future Super shamed on ERS

ELIZABETH MCARTHUR  |  THURSDAY, 4 JUN 2020
At a hearing of the House of Representatives Standing Committee on Economics that was supposed to focus on ME Bank's recent troubles, the super funds performing poorly in terms of early release copped surprise criticism. APRA had advised that early ...

COVID-19 drives Aussies to check exemptions

HARRISON WORLEY  |  THURSDAY, 30 APR 2020
In one of the most tragic of COVID-19 consequences, the pandemic is driving Australians to ask their life insurers whether their policies cover them for suicide, the House of Representatives Standing Committee on Economic has heard. Appearing before ...

Advice chief leaves industry fund giant

HARRISON WORLEY  |  THURSDAY, 30 APR 2020
The financial advice chief of a major industry superannuation fund has departed, as the fund's leadership shuffles. UniSuper chief of financial advice John (Jack) McCartney left the $86 billion industry fund late last month, after more than six ...

The domino effect: Oil falls, markets follow

ALLY SELBY  |  TUESDAY, 21 APR 2020
Despite all the jaw dropping falls that investors have endured during the COVID-19 crisis, the US oil price crash overnight may just be the worst. The price of West Texas Intermediate crude oil for May plunged more than 190% during trade on Monday ...