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Showing 1441 - 1450 of 3938 results for "Feb"

Perpetual Investments leaks $1.1bn

KANIKA SOOD  |  TUESDAY, 16 JUL 2019
Perpetual's funds management business reported net outflows of $1.1 billion for the three months to June, with its Australian equities strategies taking the hardest blow. The value manager's Australian equities strategies recorded a net outflow of $1.2 ...

AMP Life sale blocked

JAMIE WILLIAMSON  |  MONDAY, 15 JUL 2019
AMP has confirmed the sale of its life insurance business to Resolution Life is highly unlikely to go ahead. The institution said the sale of AMP Life is highly unlikely to proceed on the current terms do to challenges in meeting the condition precedent ...

Managed investment scheme operator AFSL canned

ELIZABETH MCARTHUR  |  FRIDAY, 12 JUL 2019
The Australian financial services licence of a Sydney-based managed investment scheme operator was cancelled by ASIC. The corporate regulator cancelled the licence of Australian Mutual, which operated a number of investment schemes. The cancellation ...

Association names new chief

JAMIE WILLIAMSON  |  WEDNESDAY, 10 JUL 2019
The Stockbrokers and Financial Advisers Association will welcome a new chief executive at the end of August. SAFAA chief executive Andrew Green announced his intention to step down at the association's recent annual conference. Succeeding him will ...

Chief economist update: The turn in Australia's cycle from vicious to virtuous

BENJAMIN ONG  |  FRIDAY, 5 JUL 2019
"Such a feelin's comin' over me There is wonder in most everything I see..." - Karen Carpenter Not long now - just less than a percentage away (0.8% to be exact) - and the All Ordinaries index would top the all-time high of 6,853.57 points it ...

Open banking reforms a boon for fintech

ELIZABETH MCARTHUR  |  THURSDAY, 4 JUL 2019
With the new open banking regime now in effect, fintechs are set to reap the rewards of data sharing. As of July 1, the big banks are now required to share generic product data as part of the government's phased timeline for the introduction of open ...

Private wealth firm adds partner

KARREN VERGARA  |  THURSDAY, 4 JUL 2019
Cardena Private Wealth has promoted a long-serving financial adviser to partner. Tom McDonald was named partner after joining the Sydney-based firm more than 10 years ago. Prior to Cardena, McDonald was also a financial adviser at Arrive Wealth Management. ...

AMP Life appoints temporary investment chief

KANIKA SOOD  |  MONDAY, 1 JUL 2019
An AMP Capital executive is filling in for the chief investment officer at AMP Life as the latter takes extended leave. Jeffrey Brunton, a senior investment director at AMP Capital, has taken on the role while Sean Henaghan is taking planned extended ...

MySuper eyes SMSF stronghold

KARREN VERGARA  |  THURSDAY, 27 JUN 2019
MySuper could soon surpass self-managed super funds as the preferred retirement savings vehicle for Australians, a new Rainmaker report shows. Using the latest APRA data, Rainmaker's MySuper Report found the MySuper asset pool hit $713 billion at ...

OnePath awards $210m in mandates

KANIKA SOOD  |  WEDNESDAY, 26 JUN 2019
OnePath awarded about $210 million in two separate mandates that were previously managed by UBS Asset Management. In December, UBS AM said it was transferring some of its investment management functions to external managers under new partnerships. Melbourne-based ...