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Showing 1511 - 1520 of 6867 results for "CRED"

RBA scenario implies record costs: UBS

ANDREW MCKEAN  |  THURSDAY, 21 JUL 2022
UBS has forecast that the Reserve Bank of Australia's (RBA) rate rise assumptions would cause an unprecedented payment spike for households. The RBA's scenario of a 300-basis point increase in interest rates by mid-2023 would see interest payments as ...

Fidelity appoints APAC head of equities

JAMIE WILLIAMSON  |  WEDNESDAY, 20 JUL 2022
Fidelity International has named Marty Dropkin in the newly created role of head of equities, Asia Pacific. It's a promotion for Dropkin who was most recently head of Asian fixed income, overseeing US$25 billion in client assets. In the new role, Dropkin ...

ANZ, Suncorp deal cops industry backlash

CASSANDRA BALDINI  |  TUESDAY, 19 JUL 2022
ANZ's proposed takeover of Suncorp's banking division has generated varying industry speculation. The Australian Competition and Consumer Commission (ACCC) has raised concerns around the deal and announced plans to commence a review of the acquisition ...

Aussies don't need so much in retirement savings: SCA

JAMIE WILLIAMSON  |  TUESDAY, 19 JUL 2022
New retirement targets released by Super Consumers Australia suggest the ASFA Retirement Standard needs a rethink, saying a pre-retiree couple only needs to save $402,000 by age 65 to achieve a joint annual income of $64,000 in retirement. The consumer ...

Praemium reports 92% flow increase

CHLOE WALKER  |  MONDAY, 18 JUL 2022
The investment platform now has $40.5 billion in funds under administration, up 10% on the same time last year. Additionally, Praemium's financial year net inflows were $2.9 billion, up 92% from its prior corresponding period. Unfortunately, gross inflows ...

Former adviser sentenced over theft

CHLOE WALKER  |  MONDAY, 18 JUL 2022
Former Sydney financial adviser Keith Flowers has been sentenced to three years and two months imprisonment, t o be served by way of intensive correction order, and fined $9500. The matter, prosecuted by the Commonwealth Director of Public Prosecutions ...

Payton Capital expands to Sydney

ANDREW MCKEAN  |  WEDNESDAY, 13 JUL 2022
Payton Capital has expanded to Sydney, making four senior appointments in response to growing market demand for its bespoke investment and lending services. Mike Healy has been appointed investment director to strengthen the fund manager's distribution ...

Victorian AR charged with providing unlicensed advice

CASSANDRA BALDINI  |  WEDNESDAY, 13 JUL 2022
Former authorised representative Nizi Bhandari has been charged with engaging in dishonest conduct and providing unlicensed personal financial product advice. Between November 2017 and December 2020, Bhandari was an AR of The Australian Dealer Group ...

Acadian to build systematic credit capability

CHLOE WALKER  |  WEDNESDAY, 13 JUL 2022
Acadian Asset Management is responding to investor demand and developing a systematic credit capability, hiring Scott Richardson to lead it. In his new role as director, systematic credit, Richardson will build out and lead a team of portfolio managers ...

GSFM promotes, hires in distribution team

CHLOE WALKER  |  MONDAY, 11 JUL 2022
GSFM has promoted Steven Taylor to national distribution manager, in addition to appointing Simone Newman as a key account manager for Victoria and Tasmania. Joining from Challenger Group in 2013, Taylor was previously GSFM's state manager for Queensland. ...