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Showing 1461 - 1470 of 7096 results for "June 30"

Chief economist update: Fed fights back bond bears

BENJAMIN ONG  |  MONDAY, 1 MAR 2021
"Do you believe in life after love? I can feel something inside me say I really don't think you're strong enough now..." What's the point of increased transparency and forward guidance in financial markets - the bond market, in this case ...

Aware Super rejigs MySuper option

KANIKA SOOD  |  FRIDAY, 26 FEB 2021
The $140 billion superannuation fund is changing its MySuper lifecycle option from two stages to 11. About 85% of Aware Super's accumulation members are in the MySuper lifecycle option. It was one of the first superannuation funds to move its default ...

ASIC takes NAB to court

KANIKA SOOD  |  THURSDAY, 25 FEB 2021
The corporate regulator has taken NAB to the Federal Court, alleging the bank wrongly charged customers fees for at least 12 years. The regulator yesterday filed initial documents with the Federal Court's Queensland registry, seeking orders that NAB ...

ATO begins stimulus fraud convictions

ELIZA BAVIN  |  THURSDAY, 25 FEB 2021
The Australian Taxation Office (ATO) has started cracking down on those who fraudulently accessed government stimulus measures in relation to COVID-19 with the first conviction. Raed Saleh was convicted in the Heidelberg Magistrates Court of three counts ...

Vanguard finds dirty assets in ESG fund

KANIKA SOOD  |  WEDNESDAY, 24 FEB 2021
Vanguard has changed the descriptions of an ethically conscious bond fund, after a review turned up holdings that investors were told were excluded. Vanguard Ethically Conscious Global Aggregate Bond Index invests in about 4500 fixed income instruments ...

Wells Fargo sells asset management business

ELIZA BAVIN  |  WEDNESDAY, 24 FEB 2021
Wells Fargo has entered into a definitive agreement to sell Wells Fargo Asset Management (WFAM) to GTCR and Reverence Capital Partners for US$2.1 billion, while also offloading four of its closed-end funds. The sale includes Wells Fargo Bank N.A.'s ...

Countdown to FASEA exam deadline

ELIZABETH MCARTHUR  |  TUESDAY, 23 FEB 2021
The Financial Adviser Standards and Ethics Authority (FASEA) has issued a reminder to financial advisers that their time to sit and pass the exam is ticking by. There are just five exam sittings remaining for existing advisers to pass the exam. After ...

Morphic co-founder joins hedge fund

KANIKA SOOD  |  MONDAY, 22 FEB 2021
A Sydney hedge fund has hired Chad Slater, who co-founded Morphic Asset Management. Slater has joined Drummond Knight, a hedge fund founded last year by Lindsay Taylor, who was a senior investor at Point72. Slater's new role is as a senior investment ...

Review of AFCA underway

ELIZABETH MCARTHUR  |  MONDAY, 22 FEB 2021
The government has released terms of reference for the review of the Australian Financial Complaints Authority, asking for stakeholder feedback. The review will be conducted by Treasury, aiming to test whether AFCA is operating effectively and achieving ...

Chief economist update: The vaccine has landed

BENJAMIN ONG  |  MONDAY, 22 FEB 2021
No more tears, fears... and hopefully snap lockdowns. Today, 22 February 2021, will go down in Australian history as VAC (vaccine against covid-19) Day (although Australian Prime Minister Scott Morrison and Chief Medical Officer Paul Kelly and 84-year-old ...