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Showing 1441 - 1450 of 5913 results for "March 31"

IFM Investors equities co-head departs

KANIKA SOOD  |  MONDAY, 29 JUN 2020
The industry-super-owned fund manager's global co-head of listed equities has left after eight years with the business. Neil Carter is leaving to pursue interest outside of funds management, an IFM spokesperson said. IFM, which is best known for its ...

Chief economist update: This rebound is brought to you by the letter V

BENJAMIN ONG  |  MONDAY, 29 JUN 2020
The gradual easing of restrictions has unfrozen social and business activity in almost every nation that decided to do so. Central banks and governments can flood the system with all the money they have, or can print, but with consumers not allowed ...

Fintech acquires licensee

ELIZABETH MCARTHUR  |  FRIDAY, 26 JUN 2020
A fintech provider has acquired a financial services licensee, for an undisclosed sum. PictureWealth acquired NEO Financial Solutions, the licensee will now become a wholly owned subsidiary of PictureWealth. As at March 31, NEO was home to 83 financial ...

Super fund members compensated

JAMIE WILLIAMSON  |  FRIDAY, 26 JUN 2020
Members of a retail superannuation offering have been remediated close to $3 million after financial advisers failed to comply with legislation that would have seen them transferred to a lower cost MySuper offering in 2017. More than 1266 smartMonday ...

Robo users double down during COVID-19

ELIZABETH MCARTHUR  |  FRIDAY, 26 JUN 2020
Robo advice provider Six Park saw a significant increase in users topping up their accounts during March and April, as COVID-19 rocked markets. In a normal period, Six Park sees about 10-15% of users top up their accounts over a two month period. But ...

Perth hit worst in housing crisis

ELIZA BAVIN  |  FRIDAY, 26 JUN 2020
The stringent government response to COVID-19 has undoubtedly placed the property market cycle on the cusp of another downswing, says CoreLogic's head of research Eliza Owen. Property value declines have been fairly mild, so far this year, with national ...

Chief economist update: Premature easing will cost more lives, more rupiahs

BENJAMIN ONG  |  FRIDAY, 26 JUN 2020
It was one of the first movers in the fight against containing the spread of infection from the coronavirus pandemic. On March 24, Indian Prime Minister Narendra Modi ordered one of the strictest lockdowns of any country in the world, warning that ...

Crypto investment opportunities outright scams: ASIC

ALLY SELBY  |  THURSDAY, 25 JUN 2020
ASIC has reported an increase in investment scams during the COVID-19 pandemic, with most cryptocurrency "opportunities" in particular panning out to be outright scams. The corporate watchdog saw a 20% increase in scam reports from March to May this ...

ASIC refuses just 3% of AFSL relief applications

HARRISON WORLEY  |  WEDNESDAY, 24 JUN 2020
The corporate regulator refused just 3% of Australian financial services licence relief applications in the six month period that saw COVID-19 intensify. Outlining the regulator's relief application decisions in the six month period between October ...

Challenger raising $300m, to add IG bonds

KANIKA SOOD  |  MONDAY, 22 JUN 2020
Challenger is raising up to $300 million to add to its balance sheet and will invest further in investment grade fixed income. The institutional placement of $270 million is priced at $4.89 per share for about 55.2 million new shares representing 9% ...