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Showing 1401 - 1410 of 3553 results for "October 2007"

Insurer awards $80m mandate

KANIKA SOOD  |  MONDAY, 10 DEC 2018
An Australian insurer has awarded a Natixis affiliate a mandate to manage $80 million in an absolute return strategy. The H20 Adagio strategy targets an absolute return between 2-4% per year, over the recommended two-year investment period through investments ...

$300k makes advice worthwhile: Research

KARREN VERGARA  |  MONDAY, 10 DEC 2018
Roy Morgan research suggests having a minimum of $300,000 triggers the need for financial advice. The survey of more than 50,000 consumers in the year to October reinforces that financial advisers tend to target clients at the top end of the income ...

IOOF appoints acting chief executive, chair

JAMIE WILLIAMSON  |  MONDAY, 10 DEC 2018
IOOF has appointed an acting chief executive and an acting chair, with Chris Kelaher and George Venardos under scrutiny. According to a statement, managing director Kelaher and chair Venardos have agreed to step aside while they await the outcome of ...

APRA takes action against IOOF

HARRISON WORLEY  |  FRIDAY, 7 DEC 2018
APRA is seeking to impose license conditions on IOOF and disqualify several of the firm's executive leaders. In a media release this morning, APRA said it had commenced proceedings in the Federal Court of Australia. It seeks to disqualify five individuals ...

Freedom ditches life insurance sales

KARREN VERGARA  |  THURSDAY, 6 DEC 2018
Freedom Insurance Group announced it will stop selling life insurance products and alerted shareholders of the likelihood it will face a liquidity crisis next year. The board of the embattled insurer has decided to search for alternative business models ...

Superannuation fund comparison tool launches

KARREN VERGARA  |  THURSDAY, 6 DEC 2018
A new platform that makes it easier to compare superannuation funds and switch to better, high-performing investments has soft launched. Roll-it Super helps boost super fund choice for employees by providing monthly performance, fees and benefits for ...

WAM names prospective Blue Sky LIC team

KANIKA SOOD  |  TUESDAY, 4 DEC 2018
Wilson Asset Management has reconfirmed interest in taking over the Blue Sky LIC's management after Pinnacle withdrew its offer, naming the team that will lead it. Wilson Asset Management has put forth the name of Andrew Siew from its investment management ...

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 ...

Former planner charged with dishonesty

HARRISON WORLEY  |  FRIDAY, 30 NOV 2018
ASIC has charged a former financial planner with 13 dishonesty offences, for allegedly transferring SMSF funds to his own businesses. Bradley Grimm - who previously ran the now wound-up Ostrava Equities - allegedly transferred funds from the SMSFs of ...

Super pool ripe for adviser picking

JAMIE WILLIAMSON  |  THURSDAY, 29 NOV 2018
The growing pool of superannuation means there has never been a better time to be a financial adviser, according to a new industry white paper. With super assets projected to hit $9.5 trillion by 2035, ClearView believes this represents an unprecedented ...