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Showing 1421 - 1430 of 4871 results for "DIVI"

Association policy lead to join Treasury

ELIZABETH MCARTHUR  |  THURSDAY, 15 AUG 2019
The head of policy at a major industry association has taken a new role with Federal Treasury. Jordan George has been the head of policy at the SMSF Association for seven and a half years. The SMSFA confirmed to Financial Standard that George will step ...

Fidante loses $3.9bn of super fund assets

KARREN VERGARA  |  TUESDAY, 13 AUG 2019
Challenger subsidiary Fidante has lost $3.9 billion in funds under management at the expense of superannuation funds increasingly internalising their investment strategies. In releasing its June financial year results this morning, Challenger flagged ...

ASIC fines Finclear $70,000

KRISTI CHENG, KARREN VERGARA  |  FRIDAY, 9 AUG 2019
Finclear Execution has paid a penalty of $70,000 for failing to comply with on-market buy-back rules. The Markets Disciplinary Panel (MDP) found Finclear contravened market integrity rules in relation to a pre-arranged crossing in April 2018 for an ...

Rural FM dupes investors: Short-seller

KARREN VERGARA  |  FRIDAY, 9 AUG 2019
An activist short-seller has valued Rural Funds Management's agricultural fund as "ultimately worthless," alleging it is falsifying accounts and over-inflating assets. Bonitas is accusing RFM, the responsible entity for ASX-listed Rural Funds Group ...

Why do we need royal commissions, Hayne asks

KANIKA SOOD  |  THURSDAY, 8 AUG 2019
In his first public speech since the Royal Commission's final report in February, Kenneth Hayne mulled why Australians are calling for more royal commissions and what it says about our democracy. "The increasingly frequent calls for Royal Commissions ...

AMP profits dive, chief pay restructured

ELIZABETH MCARTHUR  |  THURSDAY, 8 AUG 2019
Reporting a 50% drop in wealth management profits, AMP conceded chief executive Francesco De Ferrari's remuneration will have to be reconsidered in light of share price tumbles. The group reported an underlying profit of $309 million for the first half ...

AMP announces new strategy, capital raise

JAMIE WILLIAMSON  |  THURSDAY, 8 AUG 2019
AMP has announced a range of initiatives aimed to reposition it for the future, including a $650 million capital raise to reinvent its wealth management offering. Releasing its 1H19 results today, AMP has launched a $650 million capital raise to fund ...

CBA remediation bill drags performance

KARREN VERGARA  |  WEDNESDAY, 7 AUG 2019
Commonwealth Bank's overall remediation and compliance costs have hit $2.2 billion, dragging its full-year June 2019 results. A large chunk ($806m) of the bank's customer remediation bill will go towards implementing regulatory and compliance ...

ANZ scraps individual bonuses

HARRISON WORLEY  |  TUESDAY, 6 AUG 2019
ANZ has taken individual bonuses off the table in favour of an incentive based on group performance. From October 1 most ANZ staff will be rewarded with a group performance dividend based on the bank's performance across four perspectives: risk, financial ...

Private equity fund raising $300m

KANIKA SOOD  |  WEDNESDAY, 31 JUL 2019
A Sydney-based fund is raising $300 million from instos, family offices and retail investors to further its investments in private equity, renewable energy and real estate. Federation Asset Management chair Greg Bundy, who was previously Merrill Lynch ...