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Showing 1521 - 1530 of 6884 results for "Act2"

Boutique recruits portfolio manager

KARREN VERGARA  |  WEDNESDAY, 17 NOV 2021
A $5 billon fixed income boutique hired a senior portfolio manager from the Victorian Funds Management Corporation. Based in Melbourne, James Wilson joined Jamieson Coote Bonds in November, finishing his most recent role at VFMC as senior portfolio ...

AMP in enforceable undertaking

JAMIE WILLIAMSON  |  TUESDAY, 16 NOV 2021
AMP has entered a court enforceable undertaking with APRA over historical matters related to its superannuation business. The CEU follows more than two years of investigation by APRA and relates to trustees AMP Superannuation Limited and N.M. Superannuation ...

Portfolio holdings disclosure a failure: Morningstar

ELIZABETH MCARTHUR  |  MONDAY, 15 NOV 2021
New analysis from Morningstar suggests Australia has "blown its opportunity" to improve portfolio holdings disclosures. "As an otherwise sophisticated market, it is remarkable that Australia has consistently ranked bottom of all major global markets ...

Millennials fastest growing SMSF cohort

ELIZABETH MCARTHUR  |  THURSDAY, 11 NOV 2021
Millennials (born 1981 to 1996) represent the fastest growing segment of new SMSF accounts. This is according to new data from AUSIEX, which found during the first quarter of this financial year there was a 9.3% increase in new SMSF accounts opened ...

Cbus to create rainy day fund to cover fines

ELIZABETH MCARTHUR  |  THURSDAY, 11 NOV 2021
Despite not currently facing any fines or penalties, Cbus has made a request to the Supreme Court for permission to change its rules to create a special pool of capital to pay any future fines. Following changes to the Superannuation Industry (Supervision) ...

Test-induced movement marginal: Data

JAMIE WILLIAMSON  |  WEDNESDAY, 10 NOV 2021
Only a handful of Aussies whose super fund failed the inaugural performance test have taken action and closed their accounts, according to APRA. Analysis by the prudential regulator shows that of the one million member accounts in products that failed ...

Franklin Templeton hires from HUB24

ANNABELLE DICKSON  |  WEDNESDAY, 10 NOV 2021
The global investment manager appointed a sales director as it looks to grow its presence in the market. Marc Hraiki was a senior state manager for NSW and ACT at HUB24 for over three years. He has held multiple business development roles at IOOF including ...

Organisations, employees disagree on work arrangements

ANNABELLE DICKSON  |  WEDNESDAY, 10 NOV 2021
The satisfaction gap between business leaders and employees on the future of work is widening, according to new research. NTT's latest Global Workplace Report found chief executives are 20% more likely to believe their organisation is very effective ...

NAB posts bumper profit

ANNABELLE DICKSON  |  TUESDAY, 9 NOV 2021
National Australia Bank recorded a 76.85% increase in cash earnings to $6.56 billion in its full-year results and outlined a new oil and gas policy. The big four bank also report a statutory net profit of $6.36 billion, up from $2.50 billion in 2020. ...

ASIC bans adviser over Linchpin, Endeavour fund

ANNABELLE DICKSON  |  THURSDAY, 4 NOV 2021
The corporate regulator banned a Queensland-based financial adviser for three years after recommending clients into the Investport Income Opportunity Fund. Keith Robert McDermott was an authorised representative of The FinancialLink Group and has been ...