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Showing 1481 - 1490 of 3228 results for "April 2012"

AMP to fight class actions, prioritise performance

HARRISON WORLEY  |  THURSDAY, 10 MAY 2018
AMP confirmed it will vigorously defend two class action lawsuits brought against it by shareholders in the wake of the Financial Services Royal Commission. In an ASX announcement on the morning of its AGM, AMP stated it had been served with two class ...

Contango LIC slashes cash allocation after acquisition

KANIKA SOOD  |  THURSDAY, 10 MAY 2018
Contango Asset Management is reducing the cash allocation in its listed income fund, aiming to have 95% of its net tangible assets fully invested. For the past 12 to 18 months, the $100 million Contango Income Generator listed investment company (CIE) ...

MGP to expand super solutions, director resigns

KARREN VERGARA  |  THURSDAY, 10 MAY 2018
Managed Accounts Holdings is expanding its superannuation capabilities and is on track to acquire an existing Registrable Superannuation Entity. A non-executive director will also step down from the MGP board. The managed accounts and investment administrator ...

Acorns rebrands, issues prospectus

KARREN VERGARA  |  THURSDAY, 10 MAY 2018
The micro-investment platform formerly known as Acorns Grow Australia is one step closer to listing on the ASX as the rebranded Raiz Invest. Raiz lodged its prospectus aiming to raise more than $15 million, eyeing a target listing date of 21 June 2018. ...

What the associations want from Budget 2018

KANIKA SOOD  |  TUESDAY, 8 MAY 2018
When the clock strikes half past seven and Treasurer Scott Morrison starts to read his speech, here is what Australia's major financial services associations will be hoping for. Financial Planning Association (FPA) In a 45-page pre-budget submission ...

Industry wants one-stop-shop professional body: Poll

KARREN VERGARA  |  MONDAY, 7 MAY 2018
The financial services industry is voting in favour of one overarching professional body to oversee standards and codes of conduct, Financial Standard' latest spot poll shows. We asked readers to respond to the statement: Does the financial services ...

ANZ culls sales incentives for planners

KANIKA SOOD  |  MONDAY, 7 MAY 2018
ANZ will no longer factor in sales incentives while calculating bonuses for its financial planners and boot them out if they fail an audit twice, the bank announced today. As ANZ attempts to revive its advice business after Royal Commission hearings ...

Chief economist update: Crying for Argentina

BENJAMIN ONG  |  MONDAY, 7 MAY 2018
The Argentinian central bank lifted interest rates, a move intended to stem the sharp and rapid depreciation of the Argentine peso and by extension put downward pressure on inflation. Whoa! Fret not whether the Fed is going to raise interest rates by ...

Chief economist update: Fed's on target, BOJ takes out target

BENJAMIN ONG  |  THURSDAY, 3 MAY 2018
The US Federal Reserve's 1-2 May FOMC meeting was both expected and a non-event - it kept the fed funds rate target at 1.5%-1.75% and more or less cut and pasted the FOMC Statement at its 20-21 March meeting. Well, maybe less, for May's statement was ...

ASIC tightens grip on ICO issuers

KANIKA SOOD  |  WEDNESDAY, 2 MAY 2018
ASIC is sifting through statements made by Initial Coin Offering (ICO) issuers to identify material that could mislead or deceive investors, and has already identified non-compliant offers. The Australian Securities and Investments Commission is sending ...